Bank Regulation

Bank Regulation
UK Banks Face New Restrictions on Branch Closures
July 24, 2024

Great Britain’s financial regulator has just made it harder for banks to shutter branches. 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...

Bank Regulation
Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
July 19, 2024

Open banking, as it emerges more fully in the United States, promises to bring personalized services and products to customers, expanding financial access. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bank Regulation
OCC Comptroller Hsu: Political Polarization Poses Long-Term Risk to Banking
July 17, 2024

Political polarization presents a long-term risk to banking, Acting Comptroller of the Currency Michael J. Hsu said Wednesday (July 17). 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...

Bank Regulation
Australian Banks Refund $19 Million to Low-Income Customers
July 15, 2024

Banks in Australia are issuing $19 million in refunds to low-income customers. 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. By...

Bank Regulation
Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
July 12, 2024

Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts may be too vague, critics charged at a Congressional hearing held Friday (July 12). Get the Full Story Complete the...

Bank Regulation
BaFin: Solaris SE Must Improve Controls or Face Financial Penalties
July 12, 2024

German financial regulator BaFin said Friday (July 12) that Solaris SE faces financial penalties if it doesn’t improve its controls. 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...

Bank Regulation
Regulators Wary of Banks Outsourcing to Tech Firms
July 09, 2024

A top global banking regulator wants financial institutions to take more responsibility in outsourcing services. 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
Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
July 08, 2024

Australian Banking Association (ABA) CEO Anna Bligh said its “time to go back to the drawing board” when it comes to the country’s open banking rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Bank Regulation
Ingo Payments’ Edwards Says Regulatory Tightrope Will Be BaaS’s Proving Ground
July 08, 2024

As the banking and payments business cross into the second half of 2024, many executives say we’re at a pivotal juncture — one that will require a steady hand on the wheel. Get the Full Story Complete the form to unlock this article and enjoy...