bank regulation

Those Without Data History May Be Doomed To Repeat It
Those Without Data History May Be Doomed To Repeat It
May 09, 2018  |  Security & Fraud

Facebook’s data fiasco, Wells Fargo’s fake account scandal, the Equifax breach and the onset of the European Union’s General Data Protection Regulation (GDPR): With topics...

READ MORE >
Wells Fargo Settles Sales Scandal Lawsuit; To Pay $480M
Wells Fargo Settles Sales Scandal Lawsuit; To Pay $480M
May 07, 2018  |  Legal

Wells Fargo announced late last week that it has agreed to pay $480 million to settle a securities fraud class-action suit. In a press release, the embattled...

READ MORE >
Dodd-Frank Co-Author Believes The Bill Will Survive
Dodd-Frank Co-Author Believes The Bill Will Survive
May 03, 2018  |  Regulation

Despite Republican plans to scale back on Dodd-Frank, its co-author is optimistic the legislation will survive. “It’s much better than where I thought we would...

READ MORE >
Wells Fargo Handling Of Retirement Assets Under Scrutiny
Wells Fargo Handling Of Retirement Assets Under Scrutiny
April 26, 2018  |  Bank Regulation

The Department of Labor is examining if Wells Fargo pushed retirement-planning customers into pricier accounts and toward buying more expensive investment funds, generating more fees...

READ MORE >
Otting Loosens Rules On Short-Term Small-Dollar Loans
Otting Loosens Rules On Short-Term Small-Dollar Loans
April 26, 2018  |  Loans

Joseph Otting, Comptroller of the Currency, says that rules on short-term, small-dollar lending should be relaxed so U.S. banks are able to offer loans to...

READ MORE >
Correspondent Banking’s Decline Disproportionately Impacts Islamic Banking
Correspondent Banking’s Decline Disproportionately Impacts Islamic Banking
April 17, 2018  |  B2B Payments

A new report by the General Council for Islamic Banks and Financial Institutions (CIBAFI) said the decline of correspondent banking relationships disproportionately impacts Islamic financial...

READ MORE >
Cannabis Cos’ Payroll Problems Run Deep
Cannabis Cos’ Payroll Problems Run Deep
April 17, 2018  |  B2B Payments

Earlier this year, the federal government spiked anxieties for legal marijuana businesses. Attorney General (AG) Jeff Sessions issued a memo that seems to ramp up...

READ MORE >
EU Banks Losing Profits, Lending Ability Because Of Reforms, Report Says
EU Banks Losing Profits, Lending Ability Because Of Reforms, Report Says
April 13, 2018  |  B2B Payments

The Association for Financial Markets (AFME) in Europe wants regulators to curb the development of aggressive bank regulation, according to Reuters reports on Thursday (April...

READ MORE >
Singapore Weary Of Forcing Open Banking On FinServ Market
Singapore Weary Of Forcing Open Banking On FinServ Market
April 13, 2018  |  B2B Payments

Singapore is ready for open banking, but regulators don’t want to force it on the financial services market, according to reports in Bloomberg. The publication...

READ MORE >