The Office of the Comptroller of the Currency is aiming to rewrite the 1977 Community Reinvestment Act, which is designed to encourage bank lending in low-income areas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The open banking wave is starting to spread. 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 form, you...
Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams is set to review policies being proposed by other Trump-appointed officials, including rules on bank capital, small-dollar loans and investments in low-income areas. According to The Wall Street Journal, McWilliams said during her first interview as chairman that...
Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. Treasury Department. Get the Full Story...
The U.K. watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. Get the Full Story Complete the form to unlock this article...
Watching. Waiting. Concerns about fraud. And an apparent boost for biometrics. 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...
Danske Bank is facing backlash from a money laundering scandal that has now resulted in it losing client Unity Technologies, a video game startup that is valued at $2.6 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
FinTech startups and big tech may provide competition for established banks that have bad loans on the books, The European Banking Authority (EBA) said on Tuesday (July 3). In addition, the EBA said banks might be burdened with old technology, Reuters reported. Get the Full...
