Federal regulators are reportedly investigating lenders backed by the Community Development Financial Institutions (CDFI) program. 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,...
Banks in the United States and the United Kingdom are gaining additional asset capacity due to bank deregulation, while those in the European Union and Switzerland face increasing capital requirements, according to Alvarez & Marsal. Get the Full Story Complete the form to unlock this...
The Federal Deposit Insurance Corporation (FDIC) Board of Directors has taken another step in implementing the GENIUS Act by approving a proposed rule that would implement Bank Secrecy Act (BSA) and sanctions compliance standards for FDIC-supervised permitted payment stablecoin issuers (PPSIs). Get the Full Story Complete the form to unlock this...
For years, the argument over Federal Reserve account access has largely centered on who gets in. 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...
Criminals are not waiting for regulators to modernize anti-money laundering rules, and that asymmetry shaped a House hearing that exposed a larger divide than where to set reporting thresholds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Financial infrastructure rarely becomes visible until it breaks. 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...
The White House is pushing federal financial regulators to take a fresh look at the rules that shape how FinTechs work with banks, payment systems and the broader financial services sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
California regulators have ordered FinTech Yotta Technologies to pay $1 million, adding another enforcement action to the long fallout from the collapse of banking-as-a-service middleman Synapse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Regulators in the United Kingdom said in a Monday (May 18) news release that they are ready to update the country’s 52-year-old Consumer Credit Act. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
