Bank Regulation

Bank Regulation
New SCA Rules to Reduce Friction in Open Banking Payments
December 14, 2022

Changes to strong customer authentication (SCA) rules in Europe are aiming to reduce customer friction. 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,...

Bank Regulation
Bank of England Outlines New UK Access to Cash Regime
December 14, 2022

The Bank of England has outlined plans to ensure cash remains available in the U.K. 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,...

Bank Regulation
UK Aims to Boost International Competitiveness of Financial Services Sector 
December 09, 2022

The British government plans to amend the law to make financial services more competitive. 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 Regulator Fines Barclays $10.3M for Violating Card-Fee Rules
December 02, 2022

The U.K.’s payments regulator has fined Barclays 8.4 million pounds ($10.26 million). 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...

Bank Regulation
US Senators Ask SoFi About Its Banking Law Compliance
November 21, 2022

Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital asset trading activities and asking if it is working to conform them to U.S. banking law.  Get the Full Story...

Bank Regulation
UK Pushes to Legally Protect Access to In-Person Banking Services
November 21, 2022

As it currently stands, the proposed Financial Services and Markets Bill in the U.K. will give the Treasury and Financial Conduct Authority (FCA) a new mandate to protect access to cash services across the country. Get the Full Story Complete the form to unlock this...

Bank Regulation
US Treasury Promotes Bank-FinTech Partnerships
November 16, 2022

The U.S. Department of the Treasury issued a report Wednesday (Nov. 16) encouraging collaboration between banks and FinTechs, provided it is done responsibly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bank Regulation
British Financial Watchdog Cracks Down on Unfair Lenders
November 03, 2022

The U.K.’s top financial watchdog is giving banks in that country an ultimatum: treat customers struggling with Britain’s cost-of-living crisis fairly, or be barred from lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Bank Regulation
Sen Warren Urges CFPB to Develop Stronger Rules for P2P Payments
October 28, 2022

Three weeks after releasing a report focused on frauds and scams on Zelle, U.S. Sen. Elizabeth Warren has sent a letter to the Consumer Financial Protection Bureau (CFPB) summarizing the findings and encouraging the agency to update and strengthen its regulation of that and other...