On Tuesday, the Federal Reserve published an updated proposal for its guidelines to evaluate requests for accounts and services at Federal Reserve Banks. The new proposal, which adds a new chapter to the original guidelines published in May 2021, creates a tiered system based on...
London banking giant HSBC is being investigated by the U.S. Commodity Futures Trading Commission (CFTC) for bankers’ alleged use of “non-HSBC approved messaging platforms for business communications,” according to its annual report published alongside earnings on Tuesday (Feb. 22). Get the Full Story Complete the...
Credit Suisse has been scrambling to cut down on fallout after newspapers reported on over 18,000 leaked accounts connected to criminals, reported human rights abusers and sanctioned people, like dictators, CNBC writes. Get the Full Story Complete the form to unlock this article and enjoy...
Digital payment and credit platform Aliaswire on Tuesday (Feb. 8) added a new bank account validation (BAV) solution for banks and their commercial clients, which comes ahead of a new rule requiring ACH originators to make account validation part of their fraud detection. Get the...
A new economic forecast says U.S. banks will see more growth from the “bread and butter” business of taking deposits and lending money, Reuters writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Fidelity Investments has launched a business called Saifr, a regulatory technology (RegTech) service that helps financial institutions create, review and approve public communications to mitigate brand, reputational and regulatory risk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Wells Fargo has had a 2015 regulatory order from the Office of the Comptroller of the Currency (OCC) eliminated, which involved add-on products which Wells Fargo sold improperly, Bloomberg reported Thursday (Jan. 20). Get the Full Story Complete the form to unlock this article and...
The EU is cracking down on the ability for banks outside the EU to sell services to the bloc, with a focus on “core banking.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Mergers and acquisitions have been a mainstay of financial services, a strategic tool that helps big firms get bigger and smaller firms become, well, big. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
