Two banks were rated “outstanding” and nine were rated “satisfactory” in the latest list of banks examined for Community Reinvestment Act compliance by the Office of the Comptroller of the Currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
U.S. banking regulators are reportedly focusing on key financial metrics and limiting their scrutiny of non-core banking issues like reputational risk, climate change risk, and diversity, equity and inclusion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Visa shut its open banking business in the U.S., Bloomberg reported Friday (Aug. 22), citing unnamed sources. 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,...
U.S. banks are reportedly lobbying for national standards that would limit the ability of states to make their own rules for the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
With the Consumer Financial Protection Bureau reopening its open banking rule under Section 1033, the central questions over who pays for what data and how much it will cost banks and FinTechs will spark ferocious debate. Get the Full Story Complete the form to unlock...
The expansion of banking ecosystems has long been in place as financial institutions (FIs) link with providers to fine-tune and modernize operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Bank of England Gov. Andrew Bailey reportedly denied a media report that the central bank and the U.K. government had a “falling out” over delays in allowing Revolut a full banking license. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
For banks racing to turn digital account opening into a single click, the Federal Deposit Insurance Corp. (FDIC) just flashed a regulatory green light. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Federal Reserve said Thursday (July 31) it joined other federal banking agencies in allowing banks and credit unions to obtain customers’ tax information numbers from a third party, rather than directly from the customer. Get the Full Story Complete the form to unlock this article...
