bank regulation

NY Federal Court Rules OCC Cannot Grant Charters To FinTech Firms

NY Federal Court Rules OCC Cannot Grant Charters To FinTech Firms
NY Federal Court Rules OCC Cannot Grant Charters To FinTech Firms
October 23, 2019  |  Bank Regulation

New York’s federal district court ruled that the U.S. Office of the Comptroller of the Currency (OCC) does not have the power to grant national...

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For Wells Fargo’s New CEO Scharf, The Long List Of To-Dos Looms Large
For Wells Fargo’s New CEO Scharf, The Long List Of To-Dos Looms Large
October 22, 2019  |  Personnel

Day One is over. For Charles Scharf, who has taken the reins as CEO of Wells Fargo, the list of what needs fixing — and what...

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Hong Kong Allows Banks To Reschedule SMB Loan Payments
Hong Kong Allows Banks To Reschedule SMB Loan Payments
October 17, 2019  |  B2B Payments

Hong Kong’s central bank has announced measures that top financial institutions of the city plan to deploy in support of local small businesses, Reuters reported...

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New Fed Rules Lower Asset Requirements For Banks
New Fed Rules Lower Asset Requirements For Banks
October 10, 2019  |  Bank Regulation

The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions....

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Germany’s State-Backed Banks Advance Merger Discussions
Germany’s State-Backed Banks Advance Merger Discussions
October 09, 2019  |  Bank Regulation

Germany’s state-owned savings and cooperative banks are moving forward with discussions that could create a powerful financial association with $286 billion in assets and a...

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Cannabis Cos’ Financial Struggles Spread Far Beyond The POS
Cannabis Cos’ Financial Struggles Spread Far Beyond The POS
October 08, 2019  |  B2B Payments

When considering the financial services (FinServ) challenges of the legal cannabis sector, the biggest point of friction that almost always comes to mind first is...

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FCA Questions Metro Bank Managers On Misreporting Allegations
FCA Questions Metro Bank Managers On Misreporting Allegations
September 17, 2019  |  Bank Regulation

Metro Bank senior managers are being grilled by the U.K. Financial Conduct Authority (FCA) about a misreporting scandal that caused stock values to fall in excess...

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SCA Delay: A Payments Opportunity In Disguise?
SCA Delay: A Payments Opportunity In Disguise?
September 05, 2019  |  Digital Payments

Opportunities come in various forms and disguises, and that could be the case for payments and commerce operators when it comes to the European Union’s...

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