Digital financial services platform Nubank said it intends to obtain a banking license in Brazil 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...
A Capitol Hill hearing Tuesday (Dec. 2nd) on prudential oversight made clear one problem looms over bank regulation: rulebooks designed for a different era. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
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...
