Sections
bank regulation
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3.5KRegulationTrump Admin Allows Faster Fed, OCC Bank Merger Approvals
Banks are finding it easier to merge since Donald Trump took office, and since federal regulators have revised policies to make the...
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4.7KB2B PaymentsGig Economy Money Laundering Shows Corporates’ KYC, AML Struggles
Payments messaging firm SWIFT announced on Tuesday (Feb. 12) that it will now allow corporates to join its KYC Registry in an effort...
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16.3KAlternative FinancesHow To See The Customer ‘Beyond The Credit Score’
“What’s in a name? That which we call a rose by any other name would smell as sweet.” -William Shakespeare, Romeo & Juliet...
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5.1KB2B PaymentsPlaid Expands Auth App To All US Banks
The U.K. may have been “ground zero” for Open Banking, but the collaborative model that brings together traditional financial services players and...
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3.8KRegulationFed Aims To Regulate Banks Based On Size
The Federal Reserve wants to change some of its regulations so that smaller banks don’t have to handle the same scrutiny and...
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3.6KBankingDeutsche Burdened By High Interest Rate Payments
Deutsche Bank is now paying the highest financing rates on the euro debt market as compared to other major financial institutions, which...
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5.4KSecurity & FraudAML Scandals Hamper Estonia’s Digital Society Ambitions
After being implicated in one of the largest money laundering scandals ever, Estonia is struggling to realize its dream of becoming a...
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5.1KBankingBoE Regs Find Accounting Mistakes At Metro Bank
Metro Bank is dealing with the fallout from the revelation that it misclassified a large number of commercial loans, with many predicting the...
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5.3KB2B PaymentsFirst New Community Bank In Decades Headed To US Market
The U.S. is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its...
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4.8KRegulationReports Link UK Treasury To RBS’ Small Biz Restructuring Scandal
As the fallout from Royal Bank of Scotland’s small business mistreatment scandal continues, the effects are being felt beyond the institution and...
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2.9KRegulationGovernment Shutdown Threatens Trump’s Financial Deregulation
The government shutdown, which is now the longest in modern history, is hurting President Donald Trump’s deregulation plans in the financial services...
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5.2KEarningsWells Fargo Credit Card Purchases Grow 5 Pct In Q4
A U.S. Federal Reserve asset cap on Wells Fargo will last all year instead of through the first half, said the bank’s...
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4.4KB2B PaymentsUK Says ‘No’ To Small Business Loan Regulation
The U.K. government has reportedly rejected recommendations by the Treasury Select Committee that suggested stricter regulations on bank lending to small businesses...
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8.8KInnovationDeutsche Bank: How To Make FI/FinTech Partnerships Work
David Watson of Deutsche Bank contributed the following piece as part of PYMNTS’ Masterclass series, where participants in the world of payments...
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3.1KBank RegulationDanske Fraud Case Leads To Eight Arrests In Estonia
Eight people in Estonia have been arrested in connection to Danske Bank’s money laundering scandal. According to Reuters, Estonian newspaper Postimees reported on...
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3.7KEuropeMacron, French Banks Agree Not To Raise Bank Fees
France’s major banks have agreed to freeze the fees they charge next year in an effort to stop “yellow vest” protests that...
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3.8KBank RegulationFed To Wells: Reform Or See Growth Stall
Wells Fargo won’t be allowed to grow until it hardens its risk management policies to make sure there are no more abuses...
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2.7KBank RegulationLawmakers Want To Outlaw SMB ‘Confession Loans’
U.S. Senators Sherrod Brown and Marco Rubio have called for a ban on confessions of judgement, a tactic predatory lenders use to...
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5.5KBankingWells Fires Slew Of Retail Bank District Managers
Wells Fargo has revealed that it is firing around three dozen district managers due to the retail banking scandal that happened more...
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6.6KRegulationEU Details Action Plan On Money Laundering
European Union finance ministers worked out a plan for combating money laundering and also made a deal on major bank reform on Tuesday (Dec. 4), according...
- 5.1KBank Regulation
Danske Scandal Could Disrupt Denmark Economy
The Danske Bank money laundering scandal in Denmark could potentially affect the country’s financial stability. Denmark’s largest bank is being investigated over “massive money...
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6.6KRegulationSmall Biz Complaints Get UK Bank Support
Financial Times reports that a number of banks in the U.K. have agreed to give smaller firms more power when it comes...
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9.6KArtificial IntelligenceIn The Age Of Algorithms, Will Banks Ever Graduate To True AI?
It’s the age of algorithms, but not all algorithms are the same — and not all of them constitute true AI. A...
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6.0KTaxesCannabis Cos’ $4.7B In Cash-Based Taxes Overwhelm IRS
The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”...
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3.6KRegulationEU Ups Bank Supervision To Stem Money Laundering
European Union governments have reached a preliminary deal to bolster bank supervision in the hopes of preventing money laundering. According to Reuters,...
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4.0KB2B PaymentsMajor Australian Banks Don’t Want Regulatory Overhaul
Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank,...
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6.1KBankingUK Retail Banks Draft FinTech Alliance Guidelines
Top U.K. banks and financial technology firms have worked together to create a set of guidelines to improve the relationship between FinTech...
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6.1KBitcoinBitcoin Daily: Hublot Unveils Bitcoin Watches; Swiss Regulator Throttles Bank Crypto Trading
Blockchain, the crypto wallet provider, plans to have an airdrop worth $125 million, Fortune reported. Through the cryptocurrency giveaway, each recipient would...
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2.9KBank RegulationFed Weighs In On Bank Liquidity Ratio (And Other) Changes
Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the...
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3.2KB2B PaymentsAustralia Forms Body To Handle Entrepreneurs’ Bank Disputes
Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart...
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4.3KB2B PaymentsUK MPs Call For Overhaul Of Business Lending Rules
U.K. policymakers, or Members of Parliament (MPs), are slamming financial institutions (FIs) for their treatment of small business (SMB) borrowers, and are...
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10.7KSecurity & FraudHow PSD2 And Open Banking Impact Security
In the latest Digital Fraud Tracker Deep Dive, PYMNTS examines the authentication challenges posed by PSD2, GDPR and other data sharing initiatives.
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7.4KBankingFDIC To Help Banks Embrace Tech, Innovation
The Federal Deposit Insurance Corporation (FDIC) is setting up an office of innovation to encourage banks to adopt financial technology changes. FDIC...
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9.4KRegulationOCC Fines Capital One $100M Over AML Lapse
The Office of the Comptroller of the Currency (OCC) announced that it has fined Capital One $100 million due to shortcomings in...
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3.0KB2B PaymentsAktis Platform Boosts Banks’ Corporate Governance Transparency
Data intelligence firm Aktis is rolling out a cloud-based platform for banks to benchmark and analyze their market positions compared to industry...
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10.0KB2B PaymentsA Look Inside Switzerland’s Plans To Bank Crypto Businesses
The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. However, Swiss officials recently took steps to...
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4.4KB2B PaymentsUK To Allow More SMBs To File Bank Complaints
The U.K. government is broadening the ability of small businesses (SMBs) to lodge complaints against their banks, according to Financial Times reports...
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8.7KBank RegulationFederal Agencies Weigh In On Sharing Bank Secrecy Act Resources
Five federal agencies spoke on Wednesday (Oct. 3) on how community banks and credit unions can share resources to boost anti-money laundering (AML) efforts,...
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Fed Backs Community Bank Regulatory Overhauls
The U.S. Federal Reserve caught the attention of the financial services market this week with Fed Governor Lael Brainard’s speech Wednesday (Oct....
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3.4KSecurity & FraudTesco Bank Fined £16.4M For 2016 Cyberattack
Tesco Bank agreed on Monday (Oct. 1) to pay £16.4m in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack...
- 3.8KRegulation
Credit Suisse Censured By FINMA For Lax Anti-Money Laundering Processes
Credit Suisse has been censured by FINMA, the Swiss financial supervisor, for weak anti-money laundering processes, reported Financial Times. According to the...
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3.2KRegulationWells’ Plan To Compensate Auto Insurance Holders Rejected
Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Reuters,...
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3.3KFraud PreventionHelping Banks Find Fraudsters-In-Waiting
Banking during the pre-digital days involved transport. One had to visit a branch — and remember, there is a reason people still...
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5.3KB2B PaymentsNew Bank TNB USA Sues The Fed
A new bank, launched by one of the Federal Reserve’s own, is now suing the Fed of New York, accusing the regulator...
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4.5KSecurity & FraudDOJ Probes Wells’ Wholesale Banking Ops
Add another investigation to the roster of headlines swirling around Wells Fargo. As The Wall Street Journal reported on Thursday (Sept. 6),...
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3.9KB2B PaymentsDeutsche Bank Doubles Down On Growth Plans
Although Deutsche Bank says it knows it cannot return to the market domination it enjoyed before the 2008 financial crisis, according to...
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3.7KB2B PaymentsSmall Firms Target RBS Execs In New Investigation
The fallout over the Royal Bank of Scotland’s mistreatment of some small business customers continues, with a new investigation launching after the...
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4.0KB2B PaymentsChina Fiscal Policy At Odds With SMB Lending
China is struggling to bridge its small businesses to financing for growth, with broader fiscal policy at odds with the initiative, according...
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2.5KInternationalUK Bank Acct Services At Risk Post-Brexit
Britons residing in the European Union (EU) may no longer have access to bank account services and businesses in the EU if...
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5.4KB2B PaymentsBanks, FinTech Firms Ready To Compete For RBS Funds
Royal Bank of Scotland (RBS), which has been ordered to dole out more than $1 billion to industry competitors, is ready to receive...
