bank regulation

Senators Warn Regulators on Zelle Fraud Risks
Senators Warn Regulators on Zelle Fraud Risks
March 03, 2023  |  Bank Regulation

Five Senate Democrats are sending a warning on Early Warning Services’ Zelle. In a letter addressed to the Federal Reserve, the FDIC, the National Credit...

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Supreme Court to Decide CFPB’s Future and Funding
Supreme Court to Decide CFPB’s Future and Funding
February 27, 2023  |  Legal & Regulation

The ultimate fate of the Consumer Financial Protection Bureau rests in the hands of nine individuals. The Supreme Court agreed on Monday (Feb. 27) to...

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FinTechs Struggle to Retain Consumer Trust in Africa
FinTechs Struggle to Retain Consumer Trust in Africa
February 24, 2023  |  Banking

There is no denying that trust plays an important role when it comes to payments transactions. And according to Isaac Kamuta, it’s one of the...

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Mastercard Says Canadian Small Businesses Bullish on Open Banking
Mastercard Says Canadian Small Businesses Bullish on Open Banking
February 09, 2023  |  Banking

Canadian small business owners have embraced open banking, but want better access to digital tools. That’s according to a survey released Thursday (Feb. 9) by...

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EU Assigns Highest Risk Weighting for Crypto Assets Requiring 1:1 Backing
EU Assigns Highest Risk Weighting for Crypto Assets Requiring 1:1 Backing
January 24, 2023  |  Cryptocurrency

European lawmakers are making the bloc’s financial institutions pony up to play with cryptocurrencies. This, as the European Parliament’s Economics and Monetary Affairs Committee on...

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Fed Wants More Information From Goldman on Marcus Risk Management
Fed Wants More Information From Goldman on Marcus Risk Management
January 20, 2023  |  Bank Regulation

The Federal Reserve is reportedly investigating Goldman Sachs’ consumer business, Marcus. The Wall Street Journal (WSJ) reported Friday (Jan. 20) that the regulator is looking...

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UK Competition Authority Calls Out HSBC for Open Banking Failures
UK Competition Authority Calls Out HSBC for Open Banking Failures
January 19, 2023  |  Bank Regulation

The U.K.’s Competition and Markets Authority (CMA) has found HSBC breached its open banking order. The breach in question relates to the Retail Banking Market...

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Open Banking Reform Drives Competition in Israeli Financial Services Sector
Open Banking Reform Drives Competition in Israeli Financial Services Sector
December 27, 2022  |  Bank Regulation

Six months after Israel’s open banking legislation came into effect, the field is taking shape. Like similar laws elsewhere, such as the EU’s second payment...

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UK Aims to Boost International Competitiveness of Financial Services Sector 
UK Aims to Boost International Competitiveness of Financial Services Sector 
December 09, 2022  |  Bank Regulation

The British government plans to amend the law to make financial services more competitive. In a Thursday (Dec. 8) letter addressed to Bank of England...

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