The Treasury Department plans to delay for two years the implementation of a new anti-money laundering rule focused on investment advisers while one of its bureaus, the Financial Crimes Enforcement Network (FinCEN), revisits the scope of the rule. Get the Full Story Complete the form...
The Federal Reserve Board proposed Thursday (July 10) that it revise its supervisory rating framework for large bank holding companies to allow those with a “Deficient-1” rating to be considered “well managed.” Get the Full Story Complete the form to unlock this article and enjoy...
The U.S. Senate voted Thursday (July 10) to confirm the nomination of Jonathan Gould to be comptroller of the currency for a five-year term. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The United Kingdom’s Financial Conduct Authority shuttered over 1,600 websites last year suspected of promoting financial services without permission. 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...
The Financial Stability Board, a global financial watchdog, is calling for greater oversight of the multitrillion-dollar shadow banking sector. 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...
Monzo, a digital bank in the United Kingdom, was fined 21,091,300 pounds (about $28.5 million) for deficient financial crime controls. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Apple has appealed what it calls an “unlawful” $580 million fine from the European Union. 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...
Securities and Exchange Commission (SEC) Chairman Paul Atkins said Wednesday (July 2) that the agency will review some of the more recent rules it imposed on special purpose acquisition companies (SPACs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The U.K.’s Competition Appeal Tribunal ruled unanimously Friday (June 27) that Visa and Mastercard’s multilateral interchange fees violate European competition law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
