Bank Regulation

Bank Regulation
Journey From Screen Scraping to Open Banking More Marathon Than Sprint
January 03, 2024

The movement to open banking here in the states will prove more marathon than sprint — with twists and turns along the way, with the demise of screen scraping on the horizon. Get the Full Story Complete the form to unlock this article and enjoy...

Bank Regulation
OCC Says Use of AI in Banking Is Emerging Risk 
December 07, 2023

The federal banking system remains sound but faces credit, market, operational and compliance risks, according to the Office of the Comptroller of the Currency (OCC).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bank Regulation
Bank Regulators Increase Scrutiny of Lenders’ Risk Management Practices 
December 06, 2023

In an effort to prevent bank failures, U.S. bank supervisors have reportedly increased scrutiny of lenders’ risk management practices and are taking disciplinary action.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bank Regulation
Bank Execs Expected to Push Back Against Capital Hikes
December 04, 2023

Bank CEOs are set to appear before the Senate Banking Committee to protest new regulations and capital hikes, arguing that these measures will harm the economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Bank Regulation
Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring
November 16, 2023

Wells Fargo is reportedly grappling with regulatory obligations to enhance its monitoring of financial crime. 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...

Bank Regulation
UK Regulators to Banks: Don’t Sow Confusion Over Stablecoins
November 06, 2023

Regulators in the U.K. have unveiled their proposals for governing the use of stablecoins. 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...

Bank Regulation
Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
October 25, 2023

The most significant overhaul of debit card interchange fees in more than a decade looms, where those fees may be cut by roughly 30%. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bank Regulation
Fed Expected to Propose Review of Debit Card Fee Cap
October 25, 2023

The Federal Reserve will meet Wednesday (Oct. 25) to tackle merchant debit card fees. 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...

Bank Regulation
Fed Overhauls Community Reinvestment Act to Adapt to Online Banking
October 24, 2023

The Federal Reserve has reportedly finalized a revamp of the Community Reinvestment Act (CRA) rules, which were enacted in 1977 to combat discriminatory lending practices in minority neighborhoods. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...