banking regulation

Keeping SCA From Becoming The Subscription Commerce Kill Switch
Keeping SCA From Becoming The Subscription Commerce Kill Switch
August 22, 2019  |  Subscription Commerce

Friction is a commerce-killer in all types of businesses, but the risk is especially elevated when it comes to subscriptions and recurring payments, among the...

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Pro-Pot SAFE Banking Act Hits Roadblock In US Senate
Pro-Pot SAFE Banking Act Hits Roadblock In US Senate
July 23, 2019  |  Bank Regulation

Among the main stories in payments in recent months has been the increasing push to reform federal banking laws so that legal cannabis retailers can...

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Fed Eyes Changes To Banks’ Liquidity, Living Will Regulations
Fed Eyes Changes To Banks’ Liquidity, Living Will Regulations
April 09, 2019  |  Bank Regulation

In what may be a rollback of at least some banking regulations put in place in the wake of the financial crisis a decade ago,...

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Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
Taking On Financial Crime With Tech, CCOs Must ‘Abandon Fear’
December 14, 2018  |  Bank Regulation

 Multiple regulators issued a joint statement encouraging banks to embrace innovation when it comes to battling financial crime.  In an interview with PYMNTS, DLA Regulatory...

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Société Générale Fined $1.34B For Violating US Sanctions
Société Générale Fined $1.34B For Violating US Sanctions
November 20, 2018  |  Legal

Société Générale S.A. of Paris, France has agreed to pay U.S. federal and state authorities $1.34 billion to resolve legal disputes due to the firm’s...

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OCC Warns Wells Fargo Over Tech, Security Issues
OCC Warns Wells Fargo Over Tech, Security Issues
November 06, 2018  |  Bank Regulation

Wells Fargo’s regulatory woes continue. According to a report in The Wall Street Journal on Wednesday (Nov. 7), the bank in “recent weeks” has been sent a...

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Virgin Money Buyout By CYBG Receives All-Clear
Virgin Money Buyout By CYBG Receives All-Clear
October 15, 2018  |  B2B Payments

A court hearing late last week gave the all-clear for CYBG to complete its acquisition of Virgin Money for $2.24 billion, finalizing one of the...

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OCC To Be Sued Again Over FinTech Bank Licensing Plan
OCC To Be Sued Again Over FinTech Bank Licensing Plan
September 13, 2018  |  B2B Payments

U.S. banking watchdog the Office of the Comptroller of the Currency (OCC) is facing a lawsuit, adding another setback to its struggling effort to provide...

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EC Eyes Greater Enforcement Over Money Laundering
EC Eyes Greater Enforcement Over Money Laundering
September 10, 2018  |  Security & Fraud

The European Commission is crafting a proposal aimed at giving the European Banking Authority more enforcement powers and resources to go after banks that are...

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