Bank Regulation

Bank Regulation
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
December 16, 2024

The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not be finalized.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bank Regulation
HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
December 16, 2024

Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. 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....

Bank Regulation
Greece to Cap Banks’ Fees on Money Transfers
December 15, 2024

Greece reportedly aims to cap banks’ money transfer fees, while eliminating consumer bill pay fees. 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,...

Bank Regulation
Yellen Cautions Trump Against Meddling With Financial Regulations
December 15, 2024

Treasury Secretary Janet Yellen says the next administration should leave “critically important” financial regulations untouched. 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,...

Bank Regulation
More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
December 13, 2024

The benefits of standardized data formats and exchanges in financial services are myriad. 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....

Bank Regulation
Banks Step Up Due Diligence on Non-Bank Borrowers
December 13, 2024

For banks, the ever-expanding push into global markets also has included a broadening of lending activities — to the tune of trillions of dollars. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bank Regulation
Report: Trump Transition Team Members Consider Restructuring Bank Regulatory Agencies
December 12, 2024

Members of President-elect Donald Trump’s transition team reportedly are considering making changes to some bank regulatory agencies by shrinking, consolidating or eliminating them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bank Regulation
Wells Fargo CEO More Confident in Bank’s Compliance Controls
December 11, 2024

Wells Fargo’s CEO reportedly has more confidence in his bank’s efforts to remedy its compliance issues. 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...

Bank Regulation
Klarna Fined $50 Million for Anti-Money Laundering Defects
December 11, 2024

Klarna has been fined $50 million in Sweden over faults in its anti-money laundering protections. 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,...