FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on...
Just a few weeks in, the data privacy law that has just taken root in the European Union already has some regulators seeking exemptions around...
Bank of America is being sued for $120 million after failing to flag large deposits into small accounts, which were cleared a few days later....
Sources are saying that Representative Darrell Issa, the Republican lawmaker from California, might be the next leader of the Consumer Financial Protection Bureau (CFPB). According...
Swedish lawmakers are trying to slow down the nation’s move toward going entirely cashless by forcing the country’s largest banks to offer cash withdrawals and...
Wells Fargo was fined $185 million in 2016 for opening millions of potentially fake accounts, prompting the Office of the Comptroller of the Currency (OCC) to...
After reviewing sales practices at more than 40 large and mid-sized banks, the Office of the Comptroller of the Currency (OCC) found multiple systemic issues,...
Meridian Trade Bank, which serves residents in Latvia and Lithuania as well as some non-European clients, has been fined for breaching anti-money laundering rules. According...
FinTech and banks have long been painted as natural enemies vying for control of the future of consumer finances – but that view is a...