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UK Payment Regulator to Get More Powers to Fight Authorized Push Payment Fraud 

UK Payment Regulator to Get More Powers to Fight Authorized Push Payment Fraud 
UK Payment Regulator to Get More Powers to Fight Authorized Push Payment Fraud 
May 18, 2022  |  Cybersecurity

The U.K. Payment System Regulator (PSR) is continuing its fight against authorized push payment (APP) fraud. New rules and legislation will provide the regulator with...

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Temasek Leads $160M Series D for Thought Machine’s Expansion
Temasek Leads $160M Series D for Thought Machine’s Expansion
May 18, 2022  |  Investments

Cloud banking technology startup Thought Machine closed a $160 million Series D funding round led by Temasek that gives the firm a post-money valuation of...

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CFPB’s Opinion on Fair Lending Rules Could Extend to AI
CFPB’s Opinion on Fair Lending Rules Could Extend to AI
May 10, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has published an advisory opinion to affirm that banks and other lenders need to follow fair lending laws when...

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OCC’s Comptroller Orders Staff to Review Bank Merger Framework
OCC’s Comptroller Orders Staff to Review Bank Merger Framework
May 09, 2022  |  Bank Regulation

Speaking at an event Monday (May 9), Acting Comptroller of the Currency Michael Hsu discussed the need to rethink bank merger assessment and directed his...

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Federal Regulators Propose New Low-Income Lending Rules
Federal Regulators Propose New Low-Income Lending Rules
May 05, 2022  |  Bank Regulation

U.S. regulators are set to rework the way banks lend money to lower-income communities. Get the Full Story Complete the form to unlock this article...

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ICBA: CFPB May Face Challenges to Find a ‘Junk Fee’ Solution
ICBA: CFPB May Face Challenges to Find a ‘Junk Fee’ Solution
May 02, 2022  |  Legal & Regulation

In February, the Consumer Financial Protection Bureau (CFPB) launched a request for information from the public about the impact that “junk fees” are having on...

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European Banking Authority: Banks Don’t Need Extra Crypto Protections Yet
European Banking Authority: Banks Don’t Need Extra Crypto Protections Yet
April 29, 2022  |  Bank Regulation

The European Banking Authority (EBA) said in its response to the European Commission’s Call for Advice that banks don’t need cryptocurrency protections — yet, according...

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UK Digital Bank Starling Hits £2.5B Valuation
UK Digital Bank Starling Hits £2.5B Valuation
April 26, 2022  |  Banking

U.K. digital bank Starling has seen its valuation double to over £2.5 billion ($3.15 billion), the Financial Times reported Tuesday (April 26). Get the Full...

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