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...
Open banking’s path toward implementation took another turn on Wednesday (Oct. 29) when the U.S. District Court for the Eastern District of Kentucky enjoined the Consumer Financial Protection Bureau from enforcing its Personal Financial Data Rights Rule — the regulation built on Section 1033 of...
Democrats and Republicans alike want big banks to up their insured deposit limits. 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....
The Office of the Comptroller of the Currency has proposed rescinding its recovery planning guidelines for insured national banks, federal savings associations and federal branches with at least $100 billion in assets. Get the Full Story Complete the form to unlock this article and enjoy...
Bank examiners offer an initial line of defense in spotting weaknesses that can ripple across the U.S. financial system. They scrutinize credit portfolios, cyber controls and the third-party vendors linking traditional banks to FinTech partners. Yet, as risk grows more digital and diffuse, the examiner...
Watch more: Monday Conversation: Superintendent Adrienne Harris 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 this form, you agree...
Federal banking regulators’ efforts to reduce regulatory burdens and focus on material risks will save banks a lot of full-time equivalents, PNC Financial Services Group Chairman and CEO Bill Demchak said Wednesday (Oct. 15) during the bank’s quarterly earnings call. Get the Full Story Complete...
Watch more: Need to Know: Maverick Payments, Kyle Becker 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 this form,...
