Feb. 28, 2012 – Credit unions have two days to complete and submit their 2011 mortgage loan/application registers to the Federal Reserve Board processing center.The registers, maintained under the Home Mortgage Disclosure Act, must be submitted by March 1 in an automated, machine-readable form unless lenders had 25 or fewer entries to the registers last year. (If there were 25 or fewer entries, the data can be submitted on paper.) ****READ MORE: CUs’ 2011 mortgage loan registers due NAFCU
NEW YORK—Artificial intelligence is rapidly becoming the defining force shaping banking strategy, with 80% of banking executives now expecting AI to significantly disrupt their business and operating models within the next three to five years, according to KPMG's 2026 Banking Technology Survey. The survey of 200 U.S. banking executives found institutions are responding by accelerating investments in cybersecurity, payments modernization and technology-driven acquisitions. "AI, payments modernization, cybersecurity, and tech-driven M&A are no longer separate agendas," said Peter Torrente, KPMG's U.S. Banking Sector Leader, who said banks are increasingly being challenged to keep pace across technology, risk and growth simultaneously. Cybersecurity remains a top concern. More than three-quarters (76%) of banking leaders reported an increase in cyberattacks over the past year, while 92% said they are boosting cybersecurity budgets. In addition, 84% are increasing cyb...
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