bank regulation

At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’

At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
June 12, 2024  |  CFPB

Consumer Financial Protection Bureau Director Rohit Chopra took note during his Wednesday appearance before the Senate Banking Committee that companies including PayPal and JPMorgan are...

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CFPB to Consult Consumers and Small Businesses on Open Banking Standards
CFPB to Consult Consumers and Small Businesses on Open Banking Standards
June 05, 2024  |  Bank Regulation

In the move to solidify the framework for open banking, the field for just who will help set the standards is wide open. Get the...

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TD Bank Overhauls Anti-Money Laundering Processes Amid Regulatory Scrutiny
TD Bank Overhauls Anti-Money Laundering Processes Amid Regulatory Scrutiny
May 23, 2024  |  Bank Regulation

Toronto-Dominion Bank (TD Bank) reportedly fired more than a dozen employees and began an overhaul of its processes as part of its efforts to address earlier...

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Debit Fee Cap Proposal Comment Period Floods Fed Website
Debit Fee Cap Proposal Comment Period Floods Fed Website
May 23, 2024  |  Bank Regulation

The Federal Reserve’s proposal to lower debit interchange fee caps has drawn a flurry of responses — roughly 2,500 responses, in fact — from trade...

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MercadoLibre Faces ‘Abusive Conduct’ Complaint From Argentine Lenders
MercadoLibre Faces ‘Abusive Conduct’ Complaint From Argentine Lenders
May 07, 2024  |  Digital Payments

Banks in Argentina are reportedly accusing eCommerce giant MercadoLibre’s payments platform of anti-competitive practices. Get the Full Story Complete the form to unlock this article and enjoy...

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CFPB Head Says FDIC Should Review More Changes in Bank Control
CFPB Head Says FDIC Should Review More Changes in Bank Control
April 25, 2024  |  Bank Regulation

The Federal Deposit Insurance Corp. (FDIC) should change its rules to ensure that it reviews any “suspicious changes” in bank control, FDIC board member Rohit...

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FI Operational Resiliency Goes Proactive as UK Regulations Loom
FI Operational Resiliency Goes Proactive as UK Regulations Loom
April 22, 2024  |  Legal & Regulation

Bad things can happen to good companies. And with the news Friday (April 12) that instant money movement platform TabaPay is acquiring Synapse’s assets following the latter’s bankruptcy, operational...

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European Banking Federation Says EU Should Streamline Regulation
European Banking Federation Says EU Should Streamline Regulation
April 16, 2024  |  Bank Regulation

The European Banking Federation (EBF) is calling on the European Union (EU) to streamline regulation of banks and to declare banks a “strategic sector.” Get the Full...

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