Wells Fago has come to a settlement agreement with customers whose personal information their staff used to set up fake bank and credit card accounts. With this announcement, Wells gets one — rather expensive — step closer to putting the incident in the rearview mirror....
The failure of the United States Congress to either repeal or replace Obamacare has left America’s small business owners looking to Congress for new solutions for limiting their healthcare costs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Santander has been told by the Federal Reserve to increase its oversight of subprime auto lending. 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...
The Office of the Comptroller of the Currency — the top regulator for national banks — is sending out the message that U.S. banks ought not flee ties to foreign banks for fear of accidentally getting caught up in money laundering. Get the Full Story...
As the underpinning technology to the digital currency bitcoin, blockchain technology is still in its infancy stage. While companies learn more about the technology, various financial institutions are dipping their toes into the blockchain pool. Get the Full Story Complete the form to unlock this...
That financial regulation is divisive among legislators is not exactly a big revelation. Any quick survey of the comments from House or Senate members after a meeting about the CFPB or the financial regulatory structure in general will likely tell a story of two dueling...
Speaking in front of the LendIt conference in New York yesterday (Mar. 6), Comptroller of the Currency Thomas Curry told those assembled that the oversight body will go forward with plans to offer banking charters to fintech companies. Get the Full Story Complete the form to unlock...
While not often given credit for being the most forward thinking place in the U.S., Virginia is getting out ahead of the innovation scene by being the first place in the U.S. where delivery robots are legal. Many sources are erroneously reporting that Virginia is the...
Dragged into the Wells Fargo false account scandal by questions as to whether or not retail bankers improperly sold its insurance, Prudential Financial Inc has made it clear it may look to Wells Fargo to cover its costs. The improper insurance account openings have made Prudential the...
