Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. According to a report in MarketWatch citing court proceedings, Manhattan Federal Judge Victor Marrero ruled Thursday (May 3)...
The biggest names in banking came to the Hill, repping seven of the largest financial firms in the United States. Ten years after the financial crisis, the rebound has been palpable, but risk abound, too — watch out for cyber fraud and shadow banking, warned JPMorgan’s...
The heads of some of the nation’s biggest banks will stress how much more secure the financial system is thanks to regulations following the Great Recession of 2008 and 2009 during congressional testimony this week. According to a report in The Wall Street Journal, the CEOs...
In what may be a rollback of at least some banking regulations put in place in the wake of the financial crisis a decade ago, the Federal Reserve Monday offered up two proposals aimed at modifying liquidity and “living will” mandates. As reported by the...
Open banking is here, but baby steps abound as financial firms grapple with PSD2’s fragmented landscape. Token.io CEO Steve Kirsch tells PYMNTS that giving users full control over what happens with their financial lives means addressing PSD2’s elephant in the room: standardized APIs.
A bill that could bring clarity to payments for legal cannabis purchases in the U.S. was set for an important vote this week in the U.S. House of Representatives — though there is still a long path before that bill would become law. The news...
The Financial Supervisory Authority (FSA) in Norway said that several banks didn’t make sufficient anti-money laundering assessments in 2018, according to a report by Reuters. The FSA released its annual report on Friday (March 22) listing all the banks that had been inspected, but it...
Call it a movie that features a less than-thrilled-to-have-top-billing star. Call it Mr. Sloan Goes to Washington. As has been widely reported, the scandals engulfing Wells Fargo have stretched out over two years, focused on fake accounts, mortgages, auto loans and seemingly no end of...
Data show that the Reserve Bank of India has been stepping up actions taken against banks for regulatory lapses, as measured over the last two years. Bloombergquint.com notes the accelerated activity comes as the bank set up a division that has been tasked with examining,...
