BANKING REGULATIONS

OCC Hikes Assessment Rates for Large Banks

OCC Hikes Assessment Rates for Large Banks
OCC Hikes Assessment Rates for Large Banks
November 27, 2024  |  Bank Regulation

America’s banking regulator says that it’s costing more to supervise the country’s largest financial institutions. As such, the Office of the Comptroller of the Currency...

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House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships
House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships
October 31, 2024  |  Bank Regulation

House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee...

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TD Bank Pays $20 Million to Resolve Spoofing Case
TD Bank Pays $20 Million to Resolve Spoofing Case
September 30, 2024  |  Legal & Regulation

TD Bank is reportedly settling a case involving illegal “spoof” orders by a former trader. The Canadian bank will pay more than $20 million as...

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UK’s Smaller Banks Could Benefit From New Capital Rules
UK’s Smaller Banks Could Benefit From New Capital Rules
September 12, 2024  |  Banking

New capital requirements could help Great Britain’s smaller lenders compete in the country’s mortgage market. That’s according to a report published by Reuters on Thursday...

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Banks Tap AI for Estate Management and Compliance
Banks Tap AI for Estate Management and Compliance
August 27, 2024  |  Artificial Intelligence

Artificial intelligence (AI) is giving financial institutions new tools to meet their goals. Wells Fargo’s AI-driven estate management is boosting customer satisfaction, while Treasury Prime...

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Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
August 26, 2024  |  Legal & Regulation

JPMorgan Chase is reportedly facing a lawsuit that alleges that the bank paid “unreasonably” low interest rates on accounts used in its cash sweep program....

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US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
US Eyes Financial AI Regulations as EU Law May Impact Healthcare Tech
August 14, 2024  |  Artificial Intelligence

Lawmakers on both sides of the Atlantic are racing to establish artificial intelligence (AI) regulations, with California poised to vote on strict AI oversight as...

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Fed Action Against Customers Bank Underscores Crypto’s Challenges
Fed Action Against Customers Bank Underscores Crypto’s Challenges
August 12, 2024  |  Cryptocurrency

Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers...

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