bank regulations

Banks Tap AI to Navigate Regulatory Maze of Managing Vendor Contracts
Banks Tap AI to Navigate Regulatory Maze of Managing Vendor Contracts
January 23, 2024  |  artificial intelligence

Michael Berman, CEO of Ncontracts, told PYMNTS that financial institutions (FIs) are grappling with the increasing burdens of vendor lifecycle management.  Get the Full Story...

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CFPB Says Overdraft Fees Are Junk Fees — But Are They?
CFPB Says Overdraft Fees Are Junk Fees — But Are They?
January 17, 2024  |  Bank Regulation

Labels are popular on Capitol Hill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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FSOC Identifies Use of AI as Vulnerability in Financial System 
FSOC Identifies Use of AI as Vulnerability in Financial System 
December 15, 2023  |  Artificial Intelligence

The Financial Stability Oversight Council (FSOC) has, for the first time, identified the use of artificial intelligence (AI) in financial services as a vulnerability in the financial...

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OCC Says Use of AI in Banking Is Emerging Risk 
OCC Says Use of AI in Banking Is Emerging Risk 
December 07, 2023  |  Bank Regulation

The federal banking system remains sound but faces credit, market, operational and compliance risks, according to the Office of the Comptroller of the Currency (OCC).  Get the...

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Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
October 25, 2023  |  Bank Regulation

The most significant overhaul of debit card interchange fees in more than a decade looms, where those fees may be cut by roughly 30%. Get...

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Instant Approval Helps Banks Streamline the KYB Process
Instant Approval Helps Banks Streamline the KYB Process
October 04, 2023  |  Bank Regulation

Scott Steinberg, chief operating officer of Enigma Technologies, said there has been an evolution of know your business (KYB) practices — and there’s increased urgency...

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Discover Financial Services’ Agreement With FDIC Boosts Stock Price
Discover Financial Services’ Agreement With FDIC Boosts Stock Price
October 02, 2023  |  Bank Regulation

Discover Financial Services has reportedly reached an agreement with the Federal Deposit Insurance Corporation (FDIC) to improve consumer compliance.  Get the Full Story Complete the...

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SEC: DWS Failed to Develop Anti-Money Laundering Program
SEC: DWS Failed to Develop Anti-Money Laundering Program
September 25, 2023  |  AML

DWS Investment Management Americas is facing two separate enforcement actions from the Securities and Exchange Commission (SEC). Get the Full Story Complete the form to...

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UK Banking Sector Reforms Pushed Back Six Months
UK Banking Sector Reforms Pushed Back Six Months
September 25, 2023  |  Bank Regulation

England’s central bank is putting new banking reforms on hold until the summer of 2025. Get the Full Story Complete the form to unlock this...

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