In its recently published work plan for 2023, the European Banking Authority (EBA) signals how the European Union’s banking sector intends to adapt to new upcoming regulations, pursue its digitization agenda and foster further collaboration in areas such as payments and financial crime-fighting. Get the...
Banks in the U.K. will have to make good on the money their customers lose from the biggest type of payment fraud in Britain under a proposal by the Payment System Regulator (PSR). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Citigroup is undertaking drastic cutbacks on the amount of money it lends to private equity firms and other asset managers as big banks try to adhere to strict new regulations on capital. Get the Full Story Complete the form to unlock this article and enjoy...
The top brass of the country’s seven biggest financial institutions faced lawmakers in a second meeting on Capitol Hill about accountability, consumer protection, and compliance, with private peer-to-peer payment network Zelle emerging as a hot-button issue. Get the Full Story Complete the form to unlock...
Bank of America CEO Brian Moynihan is heading to Capitol Hill on Wednesday (Sept. 21) along with banking brass from six of the other biggest commercial financial institutions in the country for the annual Congressional hearings about the industry. Get the Full Story Complete the...
Large regional banks may be required to increase their financial cushions so they can better weather any crises that may emerge, the Wall Street Journal reported Sunday (Sept. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Federal Reserve is reportedly reviewing the operation of Goldman Sachs Group’s retail online banking platform, Marcus, asking questions of Goldman managers in a weeks-long process. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
India’s central bank has issued new guidelines designed to add oversight to digital lending apps and the lenders who work with them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A faulty algorithm caused overdraft penalties for automated savings withdrawals for customers of Hello Digit and it has neglected to make good on promises, the Consumer Financial Protection Bureau (CFPB) said in an enforcement action on Wednesday (Aug. 10). Get the Full Story Complete the...
