Legal & Regulation

Bank Regulation
Yellen Cautions Trump Against Meddling With Financial Regulations
December 15, 2024

Treasury Secretary Janet Yellen says the next administration should leave “critically important” financial regulations untouched. 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,...

Legal & Regulation
Trump Team Struggles to Find Financial Regulatory Leaders
December 15, 2024

The upcoming Trump administration is reportedly struggling to find people to head America’s financial watchdogs. 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,...

Bank Regulation
More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
December 13, 2024

The benefits of standardized data formats and exchanges in financial services are myriad. 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....

CFPB
CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
December 13, 2024

Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). 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...

Bank Regulation
Banks Step Up Due Diligence on Non-Bank Borrowers
December 13, 2024

For banks, the ever-expanding push into global markets also has included a broadening of lending activities — to the tune of trillions of dollars. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bank Regulation
Report: Trump Transition Team Members Consider Restructuring Bank Regulatory Agencies
December 12, 2024

Members of President-elect Donald Trump’s transition team reportedly are considering making changes to some bank regulatory agencies by shrinking, consolidating or eliminating them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
Trade Associations Sue to Block CFPB Overdraft Rule
December 12, 2024

Four trade associations and three banks are pursuing legal action against the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft services, which was released Thursday (Dec. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
French Hill to Chair House Finance Committee; Promises ‘Common-Sense Economic Policies’
December 12, 2024

U.S. Rep. French Hill, R-Ark., is set to become the next chairman of the House Financial Services Committee (HFSC) after being elected by the House Republican Steering Committee. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
December 12, 2024

Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...