The COVID-19 pandemic may have stalled open banking developments, but 2020 is still shaping up to be a crucial year for such sharing and privacy...
Asia-Pacific bank regulators have been crafting their own open-banking initiatives even since Europe rolled out similar rules in 2018. Their goal — follow the European...
Devising open banking laws that adequately respond to shifting privacy needs and satisfy both businesses and consumers is difficult. U.S. legislators in several states are...
The U.S. Federal Reserve has announced that it’s prepared to use its “full range of tools” to help households and businesses and stay on top...
Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the...
Wells Fargo Board of Directors Chair Elizabeth Duke has resigned days before she was scheduled to testify at a congressional hearing about the bank, according...
Wells Fargo agreed to pay $3 billion as a settlement with regulators over a scandal involving the creation of fake accounts, according to a report...
At a Wednesday (Feb. 5) hearing before the House Financial Services Committee, representatives from several consumer groups said “rent-a-bank” schemes harm consumers through predatory lending....