A bill introduced in the U.S. House of Representatives Wednesday (Jan. 7) aims to support community banks by tailoring regulation to the size of the bank and making it easier to form new banks. Get the Full Story Complete the form to unlock this article...
HSBC reportedly agreed to pay 268 million euros (about $312.9 million) to French tax authorities to settle charges of tax fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Federal Deposit Insurance Corp. (FDIC) announced a consent order with Birmingham, Alabama-based SouthPoint Bank that concerns “charges of unsafe or unsound banking practices and/or violations of law or regulation relating to weaknesses in management, asset quality, capital, earnings, and liquidity/funding.” Get the Full Story...
The Federal Reserve Board said Wednesday (Dec. 17) that it withdrew a 2023 policy statement and issued a new statement regarding the treatment of certain banks, with the aim of facilitating “responsible innovation.” Get the Full Story Complete the form to unlock this article and...
The Office of the Comptroller of the Currency (OCC) plans to continue its regulatory reforms in 2026. 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...
The Treasury Department reportedly aims to give its Financial Crimes Enforcement Network (FinCEN) the ability to veto other regulators’ findings that a bank has violated the Bank Secrecy Act (BSA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) withdrew two interagency leveraged lending guidance issuances, saying the guidance was “overly restrictive.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Germany’s financial regulator is reportedly warning banks of risks from unclear ties between artificial intelligence companies. 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 European Central Bank is reportedly set to announce proposals to simplify some of its regulations in response to similar overhauls being carried out by regulators in the United States and the United Kingdom. Get the Full Story Complete the form to unlock this article...
