Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
Otting on banking regulation reform
Comptroller of the Currency Joseph M. Otting submitted written testimony and an oral statement to the Senate Committee on Banking, Housing, and Urban Affairs discussing the common-sense, bipartisan reforms that are reducing unnecessary burden on banks while ensuring they operate in a safe, sound, and fair manner along with the implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018, the condition of the federal banking system, and risks the agency is monitoring.