Regulators in the U.K. are being called on to keep banks competitive on a global basis once they exit the European Union (EU), reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients. As of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies...
California Congresswoman Maxine Waters has some questions for the Treasury Department about what it intends to do to beef up security — particularly with regards to anti-money laundering rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Federal Reserve’s new vice chairman for supervision said the agency will take a closer look at the potential disruptions posed by FinTech firms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Tezos, the technology project that raised $232 million via an initial coin offering in July, is being sued in a class-action lawsuit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Wells Fargo, the embattled bank, disclosed in a regulatory filing that it is facing lawsuits over scandals in its auto lending and mortgage units. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Bank of America has reached a settlement in a lawsuit over extended overdraft fees, agreeing to pay consumers $66.6 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The White House announced that President Donald Trump signed a Congressional resolution allowing banks to block customers from filing class-action lawsuits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
According to the latest report by the Consumer Financial Protection Bureau (CFPB), long-term auto loans are on the rise. The CFPB’s data finds that 42 percent of auto loans made in the last year carried a payback term of six years or more, compared to...
