bank regulation

Philippines BDO Unibank Urges Tough Cybercrime Oversight 

Philippines BDO Unibank Urges Tough Cybercrime Oversight 
Philippines BDO Unibank Urges Tough Cybercrime Oversight 
April 22, 2022  |  Cybersecurity

As election day nears for the Philippines, the country’s biggest bank, BDO Unibank Inc., is asking that the next president ratchet up legislation and enforcement...

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OCC Issues Orders, Fines Against Two Banks for AML Deficiencies
OCC Issues Orders, Fines Against Two Banks for AML Deficiencies
April 22, 2022  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) issued yesterday, April 21, 2022, two cease-and-desist orders against USAA Federal Saving Bank and Anchorage Digital...

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Crypto Bank Flagged By OCC for Sidestepping AML Mandates 
Crypto Bank Flagged By OCC for Sidestepping AML Mandates 
April 22, 2022  |  Bank Regulation

Cryptocurrency lender Anchorage Digital Bank failed to comply with anti-money laundering mandates (AML) and violated rules for monitoring suspicious activity, according to a statement from...

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5 Things to Start Your Day: Fed Top Cop Slot; Cross-Channel Retail; Card-Not-Present Friction; Amazon-Walmart Smackdown; Buy Now, Regulate Later 
5 Things to Start Your Day: Fed Top Cop Slot; Cross-Channel Retail; Card-Not-Present Friction; Amazon-Walmart...
April 13, 2022  |  Retail

It’s Wednesday, April 13 and retail news is topping headlines as the buy now, pay later sector goes under the microscope of the Consumer Financial...

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Ex-Treasury Official Michael Barr is Frontrunner to Police Banks at Fed
Ex-Treasury Official Michael Barr is Frontrunner to Police Banks at Fed
April 13, 2022  |  Legal & Regulation

Former Treasury official Michael Barr is President Joe Biden’s leading contender to serve as the vice chairman of banking supervision for the Federal Reserve, according...

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OCC’s Comptroller Wants Stablecoins to Be Interoperable With US CBDC 
OCC’s Comptroller Wants Stablecoins to Be Interoperable With US CBDC 
April 11, 2022  |  CBDC

In a speech delivered on April 8, 2022 at Georgetown University, Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC),...

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CFPB Closes ‘Junk Fee’ Consultation With Credit Card Late Fees in Sight
CFPB Closes ‘Junk Fee’ Consultation With Credit Card Late Fees in Sight
April 11, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is closing today, Monday 11, its deadline to submit comments on its public consultation on “junk fees” after receiving...

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Nigerian Central Bank Gives Approval for DLM Capital to Buy Links Microfinance Bank
Nigerian Central Bank Gives Approval for DLM Capital to Buy Links Microfinance Bank
April 11, 2022  |  Banking

DLM Capital, a leading development investment bank, has gotten the final approval of the Central Bank of Nigeria (CBN) to buy Links Microfinance Bank, a...

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