Wells Fargo reportedly submitted a third-party review of its risk and control overhauls to the Federal Reserve, seeking to end the Fed’s cap on its assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the bank no longer operates as a depository institution. Get the Full Story Complete the form to unlock this article and...
The U.S. government’s proposed ban on connected vehicle technology from China and Russia marks a significant shift in the approach to national security and cybersecurity within the automotive sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Federal Deposit Insurance Corp.’s (FDIC) recent proposal on recordkeeping for bank deposits received from third-party, nonbank companies is a step in the right direction. But work needs to be done in informing end users of the risks inherent in the relationships forged between banks...
The United Kingdom’s Financial Conduct Authority (FCA) proposed requiring payments and eMoney firms to participate in a client assets (CASS) system in which funds and assets are held on trust for consumers. Get the Full Story Complete the form to unlock this article and enjoy...
The Consumer Financial Protection Bureau (CFPB) is inviting public comments on the first application from an organization seeking recognition as an open banking standard-setter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Following through on reports circulated Monday (Sept. 23), the U.S. Department of Justice filed an antitrust lawsuit against Visa, accusing it of stifling competition in the debit card market and suppressing alternatives. Get the Full Story Complete the form to unlock this article and enjoy...
In a pivotal moment for data privacy and child protection, California Gov. Gavin Newsom recently made two contrasting decisions that highlight the complexities and competing interests in the realm of digital regulation. Get the Full Story Complete the form to unlock this article and enjoy...
Four lawmakers sent letters to the heads of financial regulators, asking for information about the development of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
