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Alerus Financial Corporation Reports Third Quarter 2023 Net Income of $9.2 Million

25.10.2023 - Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $9.2 million for the third quarter of 2023, or $0.45 per diluted common share, compared to net income of $9.1 million, or $0.45 per diluted common share, for the ...
North Dakota United States Grand Forks Katie Lorenson Silicon Valley Bank National Retirement Services

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US: CFPB presents new financial data sharing rules in competition boost

A new proposal for U.S. consumers may simplify moving financial data among service providers. The proposal aims to create competition between fintech and traditional bank sectors. CFPB Director Rohit Chopra believes the proposal would enable consumers to switch providers easily. Open banking could promote expansion in payments, investment, lending, financing, and savings industries. The U.S. is lagging behind European countries and Britain in implementing open banking regulations.
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