Stripe said in comments submitted to the Consumer Financial Protection Bureau (CFPB) that while the regulator finalizes its revisions to the open banking rule, Rule 1033, it should ensure that banks do not “unlawfully charge access fees” for connecting consumers’ bank accounts to the financial...
Two banks were rated “outstanding” and nine were rated “satisfactory” in the latest list of banks examined for Community Reinvestment Act compliance by the Office of the Comptroller of the Currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
U.S. banking regulators are reportedly focusing on key financial metrics and limiting their scrutiny of non-core banking issues like reputational risk, climate change risk, and diversity, equity and inclusion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Watch more: Visa Links Strong Compliance to Higher Issuer Customer Lifetime Value 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...
When the European Commission announces the penalties in an antitrust case involving Google’s AdTech business in the coming weeks, it will reportedly order the company to pay a “modest” fine and will not require it to sell part of its AdTech business. Get the Full Story Complete the...
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued a warning that Chinese money laundering networks are now among the most significant threats to the U.S. financial system, fueling operations of Mexico’s most powerful drug cartels. Get the Full Story Complete the form to...
The Commodity Futures Trading Commission (CFTC) said Thursday (Aug. 28) that American companies that left the country to enable crypto asset trading now have a way to participate in American markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Grubhub has agreed to a preliminary settlement in which it will pay $7.1 million to restaurants that alleged the company harmed their reputations by falsely advertising that they had partnered with the online food delivery platform. Get the Full Story Complete the form to unlock...
When the Consumer Financial Protection Bureau posts a notice in the Federal Register, the language is usually dense, procedural and, at least for some, easy to overlook. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
