Beware the dangers of regulatory “overreach” and a one-size-fits-all approach to community banking oversight, several industry participants testified at a Capitol Hill hearing Wednesday (Feb. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Federal Deposit Insurance Corporation (FDIC) rated three banks “outstanding” in its latest monthly list of banks examined for Community Reinvestment Act (CRA) compliance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Wells Fargo has announced the termination of its 2022 consent order with the Consumer Financial Protection Bureau (CFPB) related to automobile lending, consumer deposit accounts and mortgage lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Two banking regulators — the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency — are reportedly complying with a federal government-wide hiring freeze announced by President Donald Trump in an executive order last week. Get the Full Story Complete the...
FinTechs are being effectively shut out of the process through which they can become players and introduce innovation within the traditional banking system — and regulatory headwinds are to blame. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A faster, simpler path to obtaining bank charters would foster innovative financial services, keep this activity within the regulatory perimeter and enhance competition, Klaros Group Partner Michele Alt and seven banking and financial services lawyers said in an open letter published Monday (Jan. 27). Get...
Open banking’s roots lie with the United Kingdom, where PSD2, a decade ago, gave a tailwind to banks’ “opening” their data to third-party providers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
One of America’s newest financial watchdogs wants to conduct a sweeping review of bank regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
The Bank of England could establish a “concierge service” to help foreign companies do business in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
