FinTech Propel Holdings received regulatory permission to launch its own bank. 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...
The banking system is “sound and resilient,” Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman said Tuesday (Dec. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Private credit, representing lending by nonbank entities to companies, has in recent years come to rival traditional bank lending in size and influence. According to the U.S. Federal Reserve, private credit outstanding has roughly doubled over the past five years. At the same time, many...
The Federal Deposit Insurance Corp. terminated consent orders against New York-based Israel Discount Bank of New York and Georgia-based F&M Bank and Trust Company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Republican members of the House Financial Services Committee have asked federal banking regulators to reconsider the application of Enhanced Prudential Standards (EPS) for banks with between $100 billion and $250 billion in assets. Get the Full Story Complete the form to unlock this article and...
The Office of the Comptroller of the Currency (OCC) issued two bulletins that it said will improve the effectiveness and efficiency of Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance while reducing unnecessary regulatory burden on community banks. Get the Full Story Complete the form to unlock...
Six banks were rated “outstanding” and 10 were rated “satisfactory” in the latest list of banks examined for Community Reinvestment Act (CRA) compliance by the Office of the Comptroller of the Currency (OCC). Get the Full Story Complete the form to unlock this article and...
American regulators are greenlighting bank mergers at the quickest pace in more than 30 years. 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,...
The Federal Reserve is reportedly set to reduce the staff of its supervision and regulation division by 30%, from 500 to 350, The Wall Street Journal reported Thursday (Oct. 30), citing an internal memo. Get the Full Story Complete the form to unlock this article...
