The Consumer Financial Protection Bureau (CFPB) is preparing to review its open banking rule. That rule was issued by the CFPB last fall, covering consumer-permissioned...
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...
Senate Banking Committee Chairman Tim Scott, R-S.C., has introduced a bill that would stop federal banking agencies from using reputational risk as a measure to determine...
The founder of Paytm expects the company’s banking unit to spring back to life. Last year, the Reserve Bank of India (RBI) all but shuttered...
Amid the blizzard of executive orders that marked the first day of the Trump administration, there was widespread speculation that the new president would take...
Treasury Secretary Janet Yellen says the next administration should leave “critically important” financial regulations untouched. In an interview with Reuters on Friday (Dec. 13), Yellen...
The new (and reportedly final) rule on overdraft fees may have consumer groups — and consumers — cheering. But the Consumer Financial Protection Bureau’s (CFPB)...
Wells Fargo’s CEO reportedly has more confidence in his bank’s efforts to remedy its compliance issues. Charlie Scharf’s comments, as reported Wednesday (Dec. 11) by...