The European Banking Authority (EBA) has warned that the largely unharmonized regulatory regimes across Europe regarding non-bank lending may create challenges for stakeholders, including regulators, and it recommended changes that may affect lending solutions like buy now pay later (BNPL) and peer-to-peer (P2P) platforms. Get...
Speaking at an event Monday (May 9), Acting Comptroller of the Currency Michael Hsu discussed the need to rethink bank merger assessment and directed his team to work with the Department of Justice (DOJ) and other banking regulators to review the merger frameworks. Get the...
U.S. regulators are set to rework the way banks lend money to lower-income communities. 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...
The European Union (EU) will be moving ahead with its digital euro investigation, including exercises on how people will interact and pay with the digital coin if it is adopted. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The European Banking Authority (EBA) said in its response to the European Commission’s Call for Advice that banks don’t need cryptocurrency protections — yet, according to a Friday (April 29) press release from the European policymaker. Get the Full Story Complete the form to unlock this article...
The Chinese anti-corruption watchdog has reportedly put Tian Huiyu, the ex-president of China Merchants Bank, under investigation, The Wall Street Journal (WSJ) wrote. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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The Office of the Comptroller of the Currency (OCC) issued yesterday, April 21, 2022, two cease-and-desist orders against USAA Federal Saving Bank and Anchorage Digital Bank for violations of the Bank Secrecy Act (BSA) and deficiencies in their anti-money laundering (AML) programs. In the case...
Cryptocurrency lender Anchorage Digital Bank failed to comply with anti-money laundering mandates (AML) and violated rules for monitoring suspicious activity, according to a statement from the Office of the Comptroller of the Currency (OCC). Get the Full Story Complete the form to unlock this article...
