Maxine Waters, the top Democrat on the House Financial Services Committee, issued a report last week suggesting that regulators might want to consider shutting down the scandal-ridden Wells Fargo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
By now, the sobering statistics are familiar: Nearly half of American adults say they could not cover an unexpected expense of $400, according to the Federal Reserve. Now, a new study by the Consumer Financial Protection Bureau (CFPB) similarly shows that more than 40 percent...
Australia has introduced tougher rules on banks that will go into effect as early as next month, including capping executives’ salaries, delaying their bonuses and driving them out of the industry if they are guilty of wrongdoing. Get the Full Story Complete the form to...
A new sanctions order bans banks doing business in North Korea to also operate in the United States. Reuters reported that the new international finance order is aimed at obstructing Pyongyang’s nuclear and missiles program. Get the Full Story Complete the form to unlock this article...
The European Union wants market supervision to integrate more fully than has been the case, with the price tag borne by the very banks being scrutinized. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Consumer Financial Protection Bureau announced Tuesday (Sept. 12) that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from January through June 2017. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Tim Sloan, CEO of Wells Fargo & Company, said Tuesday (Sept. 12) that the company is improving its cost controls in relation to revenue as it claws its way out of its fake account scandal. Get the Full Story Complete the form to unlock this...
Late last week, regional bank TCF Financial Corporation saw a judge dismiss some of the claims lodged against it by the Consumer Financial Protection Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
With FinTechs eroding away traditional banks’ lead, rules governing investments in software in the European Union (EU) may loosen. 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...
