The merger of San Francisco-based MUFG Union Bank, National Association into U.S. Bank, National Association has been conditionally approved by the Office of the Comptroller of the Currency (OCC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
After his earlier remarks about partnerships between banks and FinTechs led members of the financial services industry and House Republicans to worry that he would discourage innovation, Acting Comptroller of the Currency Michael J. Hsu has reportedly explained that he wants to ensure that firms...
America’s colleges have more work to do when it comes to protecting students from so-called “junk fees,” the Consumer Financial Protection Bureau (CFPB) said Thursday (Oct. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In a move that signals a major change for Switzerland’s financial services industry, the Swiss government intends to establish a central registry to track ownership of legal entities. To that end, the cabinet requested that the finance ministry draft proposals by mid-2023 that could make...
PayPal is apologizing for what it says is “confusion” over a new policy that threatened to fine customers and merchants for sharing what the company determined to be misinformation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In its recently published work plan for 2023, the European Banking Authority (EBA) signals how the European Union’s banking sector intends to adapt to new upcoming regulations, pursue its digitization agenda and foster further collaboration in areas such as payments and financial crime-fighting. Get the...
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In a bid to crack down on illicit finance, the Financial Crimes Enforcement Network (FinCEN) has issued a final rule creating a beneficial ownership information reporting requirement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In what’s been called the fourth industrial revolution, artificial intelligence (AI) is radically transforming global economies at a pace that has regulators scrambling to keep up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
