banking regulation

CFPB Aims to to Speed Shift to Open Banking in the U.S.
CFPB Aims to to Speed Shift to Open Banking in the U.S.
June 05, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has taken another step in its push to accelerate open banking. The U.S. consumer watchdog on Wednesday (June 5)...

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FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
FDIC Notes More ‘Problem’ Banks; Sparks Debate Over Deposit Insurance
June 03, 2024  |  Banking

The Federal Deposit Insurance Corp.’s (FDIC) first-quarter assessment on the banking industry takes note of several trends: Declining loan demand, delinquencies that were higher than...

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Five Things to Watch as Synapse Bankruptcy Impact Shakes Up FinTechs
Five Things to Watch as Synapse Bankruptcy Impact Shakes Up FinTechs
May 28, 2024  |  Banking

At this writing, on Tuesday (May 28), the ripple effects of Synapse’s bankruptcy keep rippling. But with each filing, with the reports that customers can’t...

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Paytm’s Shares Fall as Widening Losses Are Anticipated
Paytm’s Shares Fall as Widening Losses Are Anticipated
May 21, 2024  |  Banking

Paytm’s stock has reportedly fallen considerably amid the company’s troubles with Indian banking regulators. Shares in Paytm are down roughly 61% in the last six months, Bloomberg...

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JPMorgan’s Dimon Sees Banking System ‘Shrinking’ Relative to FinTechs and Private Markets  
JPMorgan’s Dimon Sees Banking System ‘Shrinking’ Relative to FinTechs and Private Markets  
April 08, 2024  |  Banking

JPMorgan Chase CEO Jamie Dimon weighed in on all manner of subjects in his latest annual letter to shareholders — taking particular note of the...

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Report: US Regulators Could Debut Banking Rules This Spring
Report: US Regulators Could Debut Banking Rules This Spring
March 05, 2024  |  Regulation

The Federal Reserve and other American regulators could reportedly unveil new banking regulations this spring. That’s according to the New York Times (NYT) report Tuesday (March 5)...

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Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring
Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring
November 16, 2023  |  Bank Regulation

Wells Fargo is reportedly grappling with regulatory obligations to enhance its monitoring of financial crime. Regulators have issued formal orders to Wells Fargo, instructing the bank...

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Wells Fargo Fake Accounts Settlements Nears $5 Billion Mark
Wells Fargo Fake Accounts Settlements Nears $5 Billion Mark
September 10, 2023  |  Legal

Wells Fargo will pay $1 billion to settle an investor lawsuit tied to authorized customer accounts. The settlement was approved Friday (Sept. 8) by U.S. District...

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UK’s CMA Finds HSBC Failed to Share Payment Transaction Histories
UK’s CMA Finds HSBC Failed to Share Payment Transaction Histories
July 25, 2023  |  Regulation

The U.K.’s Competition and Markets Authority (CMA) has found that HSBC has breached an order that requires banks to send payment transaction histories to some customers. Part 5...

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