The Bank Policy Institute is recommending that financial institutions and their regulators reduce direct electronic transfers of sensitive financial and supervisory data, arguing that traditional practices such as uploading files to regulator-controlled portals or sending encrypted emails can create unnecessary cybersecurity risks. Get the Full...
The Bank Policy Institute (BPI) is considering suing the Office of the Comptroller of the Currency (OCC) over the banking regulator’s decisions to allow crypto, payment and FinTech companies to operate under national bank trust charters, The Guardian reported Monday (March 9), citing an unnamed...
Open banking’s path toward implementation took another turn on Wednesday (Oct. 29) when the U.S. District Court for the Eastern District of Kentucky enjoined the Consumer Financial Protection Bureau from enforcing its Personal Financial Data Rights Rule — the regulation built on Section 1033 of...
Banks are reportedly campaigning to close what they call a loophole in newly adopted stablecoin legislation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
August 24, 2026
A stablecoin may pass through several wallets and intermediaries before someone tries to turn it back into dollars. Federal regulators now have to decide which of those relationships requires someone to know who’s on the other side, and when. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access […]
June 02, 2025
It’s Monday, June 2 and at this writing the ultimate fate of Rule 1033 — the so-called “open banking” rule set in motion last year by the Consumer Financial Protection...
March 09, 2026
The Bank Policy Institute (BPI) is considering suing the Office of the Comptroller of the Currency (OCC) over the banking regulator’s decisions to allow crypto, payment and FinTech companies to operate under national bank trust charters, The Guardian reported Monday (March 9), citing an unnamed source. Get the Full Story Complete the form to unlock […]
August 25, 2025
Banks are reportedly campaigning to close what they call a loophole in newly adopted stablecoin legislation. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
August 22, 2025
U.S. banks are reportedly lobbying for national standards that would limit the ability of states to make their own rules for the industry. Get the Full Story Complete the form...
August 19, 2025
Several global financial trade associations are calling on the Basel Committee on Banking Supervision (BCBS) to reconsider the Crypto Asset Exposure Standard (SCO60) before its January 2026 effective date. Get...
