bank regulation

Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence

Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
July 07, 2022  |  Bank Regulation

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration,...

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Why EU Regulators, Policymakers Are Betting on a Retail CBDC
Why EU Regulators, Policymakers Are Betting on a Retail CBDC
July 04, 2022  |  CBDC

Most of the central banks in western countries have formally adopted a neutral position when it comes to the decision of whether to issue a...

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EMEA Neobank Weekly: Newcomers Seek to Differentiate as UK Grants Fresh Licenses
EMEA Neobank Weekly: Newcomers Seek to Differentiate as UK Grants Fresh Licenses
July 01, 2022  |  Banking

This week in the news, the U.K is to get two new neobanks as Ashman and Kroo are granted licenses. Get the Full Story Complete...

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UK Seeks Guidance on New Open Banking Roadmap, Regulator
UK Seeks Guidance on New Open Banking Roadmap, Regulator
June 29, 2022  |  Bank Regulation

Last week, on June 24, the U.K. Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) issued two different statements about the future of...

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Volt Exits Banking Sector; Will Return License, Funds 
Volt Exits Banking Sector; Will Return License, Funds 
June 29, 2022  |  Banking

Australian challenger bank Volt is returning more than $100 million to its estimated 6,000 customers next week and handing its banking license back to regulators...

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EBA Recommends a Standard API for Open Banking in New PSD3 
EBA Recommends a Standard API for Open Banking in New PSD3 
June 28, 2022  |  Bank Regulation

The European Banking Authority (EBA) published on Thursday, June 23 an opinion in response to the European Commission’s call for advice on the upcoming review...

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EBA’s Report Includes Crypto, Payments and AML as 2022 Priorities 
EBA’s Report Includes Crypto, Payments and AML as 2022 Priorities 
June 17, 2022  |  Bank Regulation

The European Banking Authority (EBA) published on Wednesday, June 15, its Annual Report which describes in detail the activities and achievements of the Authority in...

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CFPB Seeks Public Comment on Big Bank Customer Service
CFPB Seeks Public Comment on Big Bank Customer Service
June 14, 2022  |  CFPB

The federal Consumer Financial Protection Bureau is asking the public to suggest ways customers can successfully demand “better customer service” from big banks. Get the...

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