Two days after being confirmed to be the Federal Reserve’s vice chair for supervision, Michelle Bowman said she aims to “refocus supervisory and regulatory efforts on the core financial risks most critical to maintaining a healthy and resilient banking system.” Get the Full Story Complete...
It’s Monday, June 2 and at this writing the ultimate fate of Rule 1033 — the so-called “open banking” rule set in motion last year by the Consumer Financial Protection Bureau (CFPB) — remains in limbo. Get the Full Story Complete the form to unlock...
Regulators are reportedly preparing to loosen banking restrictions imposed following the 2008 financial crisis. 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, PYMNTS...
Ahead of the long weekend, and amid the swirl of headlines that have seemingly centered on “all tariffs all the time,” it may have been easy to overlook the steady march of legislation that moves through Congress. Get the Full Story Complete the form to...
The Bank of England is reportedly looking to ease its “ringfencing” rules for British lenders. 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 Office of the Comptroller of the Currency (OCC) has announced enforcement actions against two banks and three individuals who are or were affiliated with banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.S. is reportedly preparing to make substantial cuts to banks’ capital requirements. 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, PYMNTS Today....
The path to creating a bank — from submitting a business plan to hitting the ground running — is a long and winding road, with tough regulations in the form of high capital requirements and mountains of paperwork, banking executives told lawmakers Wednesday (May 14)....
Rep. Andy Barr, R-Ky., said Tuesday (April 29) that he supports bills that will tailor federal bank regulation to financial institutions’ risk profiles and maintain Congress’ authority over the federal banking regulatory agencies. Get the Full Story Complete the form to unlock this article and enjoy...
