banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Saule Omarova, Biden’s Nominee to Regulate Big Banks, Withdraws Bid to Head OCC

Saule Omarova, Biden’s Nominee to Regulate Big Banks, Withdraws Bid to Head OCC
Saule Omarova, Biden’s Nominee to Regulate Big Banks, Withdraws Bid to Head OCC
December 07, 2021  |  Bank Regulation

After two months of hand-wringing and criticism from the financial industry and political opponents who feared President Biden’s nominee to oversee the nation’s top banks...

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Regulators Focus on Crypto, Hoping to Avoid Another Post-Crisis Reckoning
Regulators Focus on Crypto, Hoping to Avoid Another Post-Crisis Reckoning
December 07, 2021  |  Cryptocurrency

In its Semiannual Risk Perspective report, the Office of the Comptroller of the Currency (OCC) elevated digital assets in the banking sector to one of...

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Yolt Expanding European Open Banking B2B Platform  
Yolt Expanding European Open Banking B2B Platform  
December 07, 2021  |  B2B Payments

Open banking provider Yolt is expanding its B2B platform across Europe after obtaining a PSD2 license from De Nederlandsche Bank (DNB), according to a IBS...

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Blockchain Finds New Use Cases Beyond Crypto
Blockchain Finds New Use Cases Beyond Crypto
December 07, 2021  |  Blockchain

In the great debate over cryptocurrencies — what they should be used for, whether they have a place in everyday commerce — there seems to...

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BIS: New Rules, Supervision Needed for Bond Funds, DeFi Growth
BIS: New Rules, Supervision Needed for Bond Funds, DeFi Growth
December 07, 2021  |  Bank Regulation

Stricter rules and more oversight are needed to curb the risk of bond funds throwing market stability and the runaway growth of decentralized finance (DeFi),...

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US Could Disconnect Russia from SWIFT Payments to Deter Ukraine Invasion
US Could Disconnect Russia from SWIFT Payments to Deter Ukraine Invasion
December 06, 2021  |  Politics

Sanctions against Russia by the U.S. are being weighed to deter Russian President Vladimir Putin from launching an invasion into Ukraine, including severing the country...

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24% of Consumers Are Uncomfortable Sharing Bank Account Credentials With Third-Party Apps
24% of Consumers Are Uncomfortable Sharing Bank Account Credentials With Third-Party Apps
December 02, 2021  |  Banking

Although digital payment methods are now routinely used to purchase goods and services, some consumers who are concerned about protecting their bank accounts and personal information...

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As Crypto Firms’ Ambitions Grow, so Do Calls for SPDI Charters
As Crypto Firms’ Ambitions Grow, so Do Calls for SPDI Charters
December 02, 2021  |  Cryptocurrency

Having been hailed as the first crypto-friendly senator, Wyoming’s Cynthia Lummis lived up to that role on Dec. 1, asking her Republican colleagues to block...

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CFPB Lays Groundwork for Open Banking’s US Push
CFPB Lays Groundwork for Open Banking’s US Push
December 02, 2021  |  Banking

Open banking may have its roots across the pond, in the United Kingdom, but it’s fair to say the United States is quickly putting its...

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