Joseph Otting was sworn in as U.S. comptroller of the currency on Monday to serve as the leading regulator of national banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
While a top U.S. bank regulator has been working to ensure that examiners go easier on the institutions they inspect, he pointed out that those changes will not happen overnight. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Joseph Otting, the former banking executive with close ties to Steve Mnuchin, the U.S. treasury secretary, was confirmed as the next U.S. Comptroller of the Currency, an office which has oversight of large financial institutions, such as Bank of America, JPMorgan Chase and Wells Fargo....
Will China’s invitation get the party started? 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 completing this form, you agree...
Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation who is leaving the government agency, expressed concern that regulators may be doing too much to roll back rules that were put in place after the Great Recession and financial crisis. Get the Full Story...
The European Central Bank (ECB) steps up efforts to launch a tool that would enable financial regulators to stop customers from withdrawing cash when a bank is about to go under. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
China is increasing regulations on websites that offer cash loans, amid growing concerns about lax regulation in the fast-growing market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
HSBC and Standard Chartered, the two U.K. banks, are facing a review by the country’s financial regulators and the Serious Fraud Office to determine whether they are linked to the corruption scandal in South Africa. Get the Full Story Complete the form to unlock this...
The Financial Industry Regulatory Authority (FINRA) announced news on Monday (Oct. 16) that it has ordered Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network to pay more than $3.4 million in restitution for making bad recommendations of volatility-linked, exchange-traded products (ETPs). Get the...
