Federal banking regulators are reportedly preparing to propose a plan that would reduce the community bank leverage ratio from the current 9% to 8%, which is the lowest amount allowed by law. Get the Full Story Complete the form to unlock this article and enjoy...
A little over four months after the removal of an asset cap that had been imposed by the Federal Reserve, Wells Fargo aims to shift the conversation from the improvements it made to earn that achievement to the work it has done to improve growth...
Revolut’s rapid global expansion reportedly is delaying its banking license in its home country. 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...
American banks could realize $2.6 trillion in lending capacity amid relaxing financial regulations. 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 announced new guidance and proposed rulemakings Monday (Oct. 6), saying it aims to reduce “regulatory burden” for community banks and promote economic growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Deutsche Bank Chief Financial Officer James von Moltke reportedly warned that America’s regulatory rollback is giving banks in the United States an edge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Bank CEOs told lawmakers at a Senate Committee hearing Wednesday (Sept. 10) that deposit insurance reform is urgently needed in the wake of the Silicon Valley Bank collapse of 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Office of the Comptroller of the Currency (OCC) released two bulletins to banks Monday (Sept. 8), saying in a press release that with these and other actions, it aims to “depoliticize banking” and eliminate “unlawful debanking” in the federal banking system. Get the Full...
Stripe said in comments submitted to the Consumer Financial Protection Bureau (CFPB) that while the regulator finalizes its revisions to the open banking rule, Rule 1033, it should ensure that banks do not “unlawfully charge access fees” for connecting consumers’ bank accounts to the financial...
