Bank Regulation

Bank Regulation
Whose Customer Is It When Banks And FinTechs Collaborate?
May 30, 2018

FinTech and banks have long been painted as natural enemies vying for control of the future of consumer finances – but that view is a little out of date, notes Entersekt CTO Gerhard Oosthuizen. These days, banks and FinTechs are increasingly realizing they’ll work better...

Bank Regulation
Banks Stepping Up Loans To Corporate Customers Worries Regulators
May 29, 2018

Banks, faced with low business growth and fierce competition in the industry, are offering business loans with sweeter terms, which is worrying some regulators. The Wall Street Journal, citing an analysis of lending data, reported that lenders are providing corporate borrowers with lower interest rates...

Bank Regulation
The Opportunities And Challenges Of Small-Dollar Lending
May 28, 2018

Responsible short-term, small-dollar loans to consumers will result in increased purchasing power, according to a paper from the American Banking Association about small-dollar lending. The Office of the Comptroller of the Currency (OCC) last week issued new guidance encouraging banks to offer those loans to...

Bank Regulation
When FinTechs Compete, Banks Can Also Win
May 28, 2018

It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain to continue. Take the latest example: Ant Financial Services Group on Wednesday (May 23) announced...

Bank Regulation
OCC Puts Small-Dollar Loans Back In The Spotlight
May 24, 2018

The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported. In 2013, the OCC...

Bank Regulation
UK Banks Need To Invest In Cutting-Edge Tech To Fight Cybercrime
May 22, 2018

In order to prevent cybersecurity attacks, U.K. banks are going to have to take chances investing in new technologies at a time when the banks are spending more than the country’s prison system is spending to fight crime. According to Bloomberg, Megan Butler, director of supervision at...

Bank Regulation
Activists To Use GDPR To Get Data From German Credit Scoring Company
May 22, 2018

With Europe’s new data protection law coming into effect this week, activists are aiming to turn the tables on big companies that have long harvested data on customers. According to a report in Reuters, activists are requesting massive amounts of data from SCHUFA, the German personal credit...

Bank Regulation
Congress Passes Bill To Ease Regs On Small Banks
May 22, 2018

A bill that would give regional banks a break on regulation won approval in the U.S. House of Representatives on Tuesday (May 22), with the bill now headed to President Trump for his expected signature. The Economic Growth, Regulatory Relief, and Consumer Protection Act, S....

Bank Regulation
Credit Card Issuers Not Ready To Bet On Sport Gambling
May 21, 2018

While U.S. states got the nod from the Supreme Court to allow betting on sporting games, it still faces challenges as to how those bets are placed. According to a report in Bloomberg, gamblers may not be able to place bets via a credit card,...