Clearing and treasury infrastructure provider Lorum has filed for a national trust bank charter. “This filing is the culmination of a founding thesis: that the...
Outgoing OCC head Rodney Hood says his tenure was marked by expanding digital assets efforts and embracing bank-FinTech collaborations. “Since my arrival, I demonstrated that ‘acting’ does...
Revolut is still reportedly waiting for permission to offer credit services in the U.K. That’s according to a report Monday (July 7) by the Financial Times (FT), which...
The Bank of England is reportedly looking to ease its “ringfencing” rules for British lenders. As the Financial Times (FT) reported Monday (May 19), this...
The path to creating a bank — from submitting a business plan to hitting the ground running — is a long and winding road, with...
Rep. Andy Barr, R-Ky., said Tuesday (April 29) that he supports bills that will tailor federal bank regulation to financial institutions’ risk profiles and maintain Congress’...
The European Central Bank (ECB) has reportedly created a task force to simplify Europe’s banking rules. The task force is chaired by ECB Vice President...
The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve Board fined Discover Financial Services and two subsidiaries, Discover Bank and DFS Services LLC, alleging that they misclassified consumer credit...
The Treasury Department is reportedly taking the lead in the Trump Administration’s efforts to streamline oversight and ease regulation in the banking sector. Treasury Secretary Scott Bessent has been...