The heads of some of the nation’s biggest banks will stress how much more secure the financial system is thanks to regulations following the Great Recession of 2008 and 2009 during congressional testimony this week. Get the Full Story Complete the form to unlock this...
In what may be a rollback of at least some banking regulations put in place in the wake of the financial crisis a decade ago, the Federal Reserve Monday offered up two proposals aimed at modifying liquidity and “living will” mandates. Get the Full Story...
Open banking is here, but baby steps abound as financial firms grapple with PSD2’s fragmented landscape. Token.io CEO Steve Kirsch tells PYMNTS that giving users full control over what happens with their financial lives means addressing PSD2’s elephant in the room: standardized APIs.
A bill that could bring clarity to payments for legal cannabis purchases in the U.S. was set for an important vote this week in the U.S. House of Representatives — though there is still a long path before that bill would become law. The news...
The Financial Supervisory Authority (FSA) in Norway said that several banks didn’t make sufficient anti-money laundering assessments in 2018, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Call it a movie that features a less than-thrilled-to-have-top-billing star. 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 completing this...
Data show that the Reserve Bank of India has been stepping up actions taken against banks for regulatory lapses, as measured over the last two years. Bloombergquint.com notes the accelerated activity comes as the bank set up a division that has been tasked with examining,...
Yes Bank is facing criticism by the Reserve Bank of India, which contends disclosures from an audit report were released in an effort to mislead the public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The CEO of financial giant Wells Fargo, Timothy Sloan, is expected to appear alone before the House Financial Services Committee so it can scrutinize the bank’s recent abuse scandals, according to a report in The Wall Street Journal. Get the Full Story Complete the form...
