Robinhood Markets CEO Vlad Tenev reportedly said Tuesday (Feb. 25) that government regulation is good for the company’s business. Speaking with Bloomberg Television, Tenev added that the Robinhood knows how to operate in a regulated arena. “I think customers want to know that their assets are safe and that...
One of America’s main financial regulators has a new acting director. Treasury Secretary Scott Bessent announced Friday (Feb. 7) his plans to appoint Rodney Hood to serve as the first deputy comptroller for the Office of the Comptroller of the Currency (OCC). In this position,...
Asset manager BlackRock is reportedly facing a new deadline over its investments in government-backed banks. The company had missed a Jan. 10 deadline issued by the Federal Deposit Insurance Corp. (FDIC) and now has until Feb. 10 to resolve an issue related to the firm’s...
The Bank of England has reportedly announced plans to relax rules for banks and insurers. Sam Woods, chief executive of the central bank’s Prudential Regulation Authority, told a House of Lords committee Wednesday (Jan. 8) that financial resilience and economic competitiveness “go hand in hand”...
July 01, 2024
2024 is fast becoming the summer of consent orders for smaller banks. That’s because, with the news Friday (June 28) that Tennessee-based Thread Bancorp is now the latest financial institution (FI) to come under the Federal Deposit Insurance Corporation’s (FDIC) scrutiny, managing for the operational, compliance and strategic risks that come with third-party tie-ups is […]
May 01, 2023
The suddenness of the Silicon Valley Bank collapse shocked the venture capital and technology communities. When the bank’s massive investment losses caused a significant swath of depositors to withdraw their...
September 09, 2022
In India, a broadening by the Reserve Bank of India (RBI) of the ways and means through which citizens can send money abroad will open the floodgates to FinTechs and...
September 11, 2019
Europe’s revised Payment Services Directive, or PSD2, is among the regulations designed to increase innovation when it comes to digital transactions of all types. According to a new PYMNTS interview...
March 04, 2025
The FDIC wants to roll back a policy that had increased oversight into large bank mergers. The proposal unveiled by the Federal Deposit Insurance Corp. (FDIC) Monday (March 3) would rescind the group’s 2024 Statement of Policy on Bank Merger Transactions, replacing it — for the time being — with an earlier merger rule amid […]
February 25, 2025
Robinhood Markets CEO Vlad Tenev reportedly said Tuesday (Feb. 25) that government regulation is good for the company’s business. Speaking with Bloomberg Television, Tenev added that the Robinhood knows how to operate in a...
February 09, 2025
One of America’s main financial regulators has a new acting director. Treasury Secretary Scott Bessent announced Friday (Feb. 7) his plans to appoint Rodney Hood to serve as the first...
January 12, 2025
Asset manager BlackRock is reportedly facing a new deadline over its investments in government-backed banks. The company had missed a Jan. 10 deadline issued by the Federal Deposit Insurance Corp....
