Shares of Wells Fargo skidded Monday (Feb. 5) in the wake of news that the Federal Reserve is taking action against the bank for the numerous scandals that have dominated headlines in the last few years. Get the Full Story Complete the form to unlock...
More than half of companies surveyed by SWIFT and Dow Jones Risk & Compliance last year said they plan to invest in RegTech in the coming years, and most agree that technology has enabled a greater ability to remain compliant with key regulations surrounding anti-money...
The U.K.’s new Open Banking rules, which enable FinTechs to branch into the mainstream banking industry, are being held up as big banks delay making the changes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
More innovation. Less smoke and mirrors. Those are the goals of Europe’s second Payment Services Directive (PSD2), which goes into effect in 2018. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Consumer Financial Protection Bureau (CFPB), under the leadership of Mick Mulvaney, has withdrawn its request to the Office of Management and Budget (OMB) to conduct online surveys of consumers as part of research on debt collection disclosures. This move came after the American Bankers...
The Federal Reserve’s vice chair who is in charge of policing Wall Street, Randal Quarles, said late last week he is recusing himself from anything related to Wells Fargo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In the latest bit of bank regulation news surrounding beleaguered Wells Fargo, the tweets come from the top — from the top of the governmental food chain, so to speak and from the very Twitter account wielded by President Donald Trump. Get the Full Story...
The Office of the Comptroller of the Currency (OCC) warned Wells Fargo in a scathing letter that it is mulling lodging formal enforcement actions against the bank over its auto insurance and mortgage businesses. Get the Full Story Complete the form to unlock this article...
Jerome Powell, President Donald Trump’s pick as chairman of the Federal Reserve, said at his confirmation hearing that he supports rolling back some bank regulations, but will protect the central bank’s political independence. Get the Full Story Complete the form to unlock this article and...
