Bank Regulation

Bank Regulation
Banks Lure Deposit Customers With Increased Cash Bonuses
June 25, 2018

Rising interest rates on the part of the Federal Reserve for the past few years hasn’t prompted a lot of banks to raise the rates they pay on deposits account. However, some customers have been making money, thanks to a cutthroat environment in which some...

Bank Regulation
Rebundling The Unbundled Bank
June 25, 2018

FinTechs by the dozen. Apps by the dozen. Banks have competitive, operational and communication challenges in place, as Mitch Siegel, National FS Strategy and Transformation Leader at KPMG tells Karen Webster. But huge arrow for FIS remains in the quiver: Trust.

Bank Regulation
 In Asia, Finance Trade Groups Advocate For FinTech In Regulatory Efforts
June 18, 2018

Financial firms have their work cut out for them when battling the bad guys, trying ensure that funds go where they need to go, and that money laundering is not taking place. Easier said than done, and at times the regulators call for reinforcements. Last...

Bank Regulation
Sessions Facing Pushback For Strict Pot Laws By Banking Industry
June 18, 2018

Attorney Jeff Sessions’ strict stance on marijuana companies is facing pushback from the nation’s banks, which are stepping up their lobbying efforts to get more lenient plans. With support from both President Donald Trump and Democrat Senator Elizabeth Warren, Politico reported that the leading banking industry...

Bank Regulation
US Bank Profit Payouts To Reach $170B
June 18, 2018

Some of the country’s largest banks should soon be handing over more capital to investors than they are generating for the first time since the 2008 financial crisis. According to Financial Times, shareholders in 22 of the country’s biggest listed banks are set to receive...

Bank Regulation
Wells Fargo Receives Approval To Settle $142M Suit
June 15, 2018

After receiving preliminary approval for a settlement last July, Wells Fargo said that it has received final approval from a California court to settle a class action suit. The $142 million suit sought to compensate customers impacted by a sales scandal, Reuters reported. Wells Fargo...

Bank Regulation
Bank-Friendly OCC Head To Testify Before Congress
June 11, 2018

The White House’s move to appoint Joseph Otting as the Comptroller of the Currency in November underscores the changing relationship between the nation’s largest banks and the federal government. Otting is the first banker in decades to run the OCC. According to a report in...

Bank Regulation
Asian Banks Want Regulators To Allow More FinTech Solutions
June 07, 2018

As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money laundering. For example, the Asia Securities Industry and Financial Markets Association (ASIFMA) would like to see more use of know your...

Bank Regulation
A Whole New Regulatory World For Community Banking
June 05, 2018

From the beginning, Dodd-Frank has drawn the criticism that instead of doing what it was supposed to and targeting banks that were too big to fail, instead it targeted thousands of community banks and credit unions and rendered them, in effect, too small to survive. It...