Revolut’s long journey to obtaining a U.K. banking license has reached its end. The London-based FinTech announced Wednesday (March 11) that it had landed regulatory approval from the Prudential...
The Office of the Comptroller of the Currency (OCC) issued final rules Tuesday (March 3) rescinding its Fair Housing Home Loan Data System regulation and...
From Amazon to dentist offices to Uber, companies that aren’t banks are the new face of financial services. Embedded finance offers credit, buy now, pay...
Rule 1033 was supposed to be the moment U.S. open banking stopped being a patchwork of screen-scraping workarounds and became a regulated data right. The...
Bank charters represent the operating system (OS) for the U.S. financial sector. But not all charters are created equal, and the differences matter immensely for...
A consumer advocacy group said that potential changes to the Consumer Financial Protection Bureau’s complaint system could make it harder for people to file complaints...
Treasury Secretary Scott Bessent used his House testimony Wednesday (Feb. 4) to spotlight an urgency for new bank formation. More than half of community banks...
The House Financial Services Committee convened Wednesday (Feb. 4) for a marathon session on financial sector stability lasting roughly five hours, characterized by sharp ideological...
Banco Santander was reportedly fined 40 million euros ($47 million) by a Spanish regulator due to past deficiencies in internal processes in Spain at its digital unit Openbank. The...