| Date | Title | Description |
| 23.06.2026 | Bank of England Stablecoin Rules Set £40B Ceiling: UK Trails MiCA by Three Years | By Kyle Belmonte
Published: Jun 23 2026, 8:01 AM EDT
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard |
| 27.10.2025 | Bunq bags US broker-dealer licence in Stateside push | Bunq, the Dutch challenger bank which targets tech-savvy customers who live and work in multiple countries, has been granted a US broker-dealer licence, as it expands into the US.
The licence will mean that Bunq, which has more than 20 mill... |
| 23.10.2025 | Trump pardons Binance founder Changpeng Zhao, high-profile cryptocurrency figure | By WILL WEISSERT and ALAN SUDERMAN, Associated Press
WASHINGTON (AP) — President Donald Trump has pardoned Binance founder Changpeng Zhao, who created the world’s largest cryptocurrency exchange and served prison time for failing to stop cr... |
| 02.05.2025 | SoFi's Bold Return to Crypto: Riding the Regulatory Wave | SoFi is back in the crypto game. After a rocky exit in late 2023, the fintech bank is ready to dive back into the digital currency pool. The tides have turned, thanks to a shift in the regulatory landscape. Under the Trump administration, n... |
| 29.04.2025 | SoFi CEO says fintech bank is bringing back crypto investing | SoFi CEO Anthony Noto said the fintech bank will bring back cryptocurrency investing after a “fundamental shift” in the regulatory landscape under the Trump administration.
SoFi was forced to drop crypto investing in late 2023 as part of be... |
| 16.04.2025 | Commentary: How US could repeat mistakes of 2008 financial crisis | NEW YORK: As United States President Donald Trump’s tariff announcements wreak havoc on stock markets, concerns are mounting over the possibility of a global financial crisis.
These concerns have intensified amid reports that the Department... |
| 29.03.2025 | FDIC says banks can engage in crypto activities without prior approval | WASHINGTON :Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities.
The Federal Deposit Insurance Corporation announced Friday that banks can engage in lega... |
| 20.03.2025 | HUD rescinds appraisal review policies | Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA).
“While the adoption of a standardized ROV policy was one that real estate appraisers understood... |
| 14.03.2025 | TD Bank, Flagstar Bank closing dozens of branches across the country | Toronto-based TD Bank and Hicksville, New York-based Flagstar Bank have announced plans to shutter numerous branches across several states.
TD Bank confirmed to American Banker that it intends to close 38 branches in 10 states and Washingto... |
| 12.03.2025 | CONVERGE LIVE updates: ChatGPT-owner Open AI sees ‘tremendous demand’ in tech; Ferrari is prepared for tariffs, CEO says | This was CNBC’s live blog covering CONVERGE LIVE, an inaugural thought leadership event in Singapore.
SINGAPORE — This was CNBC’s live blog on the second and final day of CONVERGE LIVE in Singapore, during which business leaders, investors ... |
| 13.06.2024 | Traceable AI uncovers growing API security issues in finance | Traceable AI has released a comprehensive report highlighting the significant concerns around API security within the financial services industry. The study surveyed over 150 cybersecurity professionals based in the United States, revealing... |
| 24.05.2024 | 8 советов по онлайн-верификации клиентов: как сделать бизнес безопасным и не получить штраф. Проверено на практике... | Недавно к нам с запросом пришла зарубежная финтех-компания: нужна интеграция KYC-систем для банковского приложения. Встали вопросы: что именно внедряем? Кого распознаём? А ещё нужно знать регионы деятельности банка, функции решения, специфи... |
| 05.05.2024 | ROSEN, A TOP RANKED LAW FIRM, Encourages Morgan Stanley Investors to Inquire About Securities Class Action Investigation - MS | NEW YORK, May 5, 2024 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Morgan Stanley (NYSE: MS) resulting from allegations that Morgan... |
| 12.04.2024 | New York Community Bancorp, Inc. Bolsters Executive Team with Four Strategic Appointments | HICKSVILLE, N.Y., April 12, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) proudly announces the appointment of four distinguished leaders to its executive management team, effective immediately. These strategic appointm... |
| 21.03.2024 |
MBA chief economist addresses industry challenges in House testimony | Mike Fratantoni, the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of R... |
| 22.02.2024 | OCC calls for federal money transmitter license | Acting Comptroller of the Currency Michael Hsu on Wednesday called for a federal money transmitter license.
Why it matters: Companies (like X) aiming to move money across the entire U.S. must collect a patchwork of 49 state money transmitte... |
| 18.01.2024 | Custodia Bank presents "Exhibit BS" in its lawsuit against the Fed | A court battle between a novel bank that wants to do business in crypto and the Federal Reserve Board is coming to a head.
Zoom in: The central question in this case is whether a politically motivated Fed intervened in a process conducted b... |
| 23.05.2023 | After the collapse of SVB and First Republic, some say small banks are doomed. Meet the entrepreneurs who are doubling down and starting new banks anyway. | Lyla London and Ed Gutierrez are the driving forces behind Inspire Bank, a brand new proposed bank in Houston. Inspire Bank This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Redeem now
The ... |
| 30.10.2022 | Tech talent migrates to Web3 as large companies face layoffs
FTX CEO dissects Mark Zuckerberg’s intent to pump $10B/year into Meta
Championing Web3 features in role-playing games — Here's why it mat... | As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech startups have experienced layoffs this y... |
| 15.07.2022 | Bank of America has been fined $225 million for 'botching' unemployment benefit payments during the pandemic | Bank of America has been fined $225 million for "botching" payments of unemployment benefits.
It froze some accounts after incorrectly flagging them as fraudulent, two federal agencies said.
Advertisement
Bank of America has been ... |
| 11.07.2022 | Software Security Transparency Is Coming: Now Is The Time To Get Ready | CTO and Co-Founder of Contrast Security—helping companies become truly great at securing their apps and APIs. |
| 02.06.2022 | Founders of color can pay over $250,000 more than white ones to found a startup. Here’s why | Anyone who works in business can tell you that an item’s sticker price is nowhere near its true cost.
The same is true for founders seeking venture capital, according to the new annual Impact Report from local investment firm 1863 Ventures.... |
| 10.05.2022 | Risk of mortgage fraud is on the rise in the current market | Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. The problem: They did not qualify for the loans.
Hill’s scheme, also enabled by a group of co-conspira... |
| 25.01.2022 | What If We Get Online Privacy Right? A Glimpse of 2035 | It’s the year 2035. The bad news: There are no flying cars (although a cryogenically youthful Elon Musk is working on it), the United States is still bitterly divided, and the New YorkJets football team still doesn’t have a quarterback.
But... |
| 25.01.2022 | Tucked Inside Biden Infrastructure Bill: Unconstitutional Crypto Surveillance | Before U.S. President Joe Biden signed the Infrastructure Investment and Jobs Act into law in November, many groups spoke out against a provision that broadens the tax code’s definition of “broker.” But there is another hidden cryptocurrenc... |
| 21.01.2022 | Money laundering: How dirty money enters the financial system | Your browser does not support the video element.
Redeem now
Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, how... |
| 24.11.2021 | US regulators will issue guidance for banks dealing with cryptocurrencies in 2022 | US regulators said they plan to issue guidance next year on the role of traditional banks when it comes to dealing with cryptos.
The agencies include the Board of Governors of the Federal Reserve, the FDIC, and the OCC.
They analyzed digita... |
| 23.11.2021 | US regulators will issue guidance for banks dealing with cryptocurrencies in 2022 | US regulators said they plan to issue guidance next year on the role of traditional banks when it comes to dealing with cryptos.
The agencies include the Board of Governors of the Federal Reserve, the FDIC, and the OCC.
They analyzed digita... |
| 22.11.2021 | Countering the Ransomware Threat: A Whole-of-Government Effort | On Nov. 8, the Justice Department held a press conference, along with the FBI and the Treasury Department, to announce a variety of actions taken against REvil, the ransomware group responsible for the Kaseya and JBS attacks. Those actions ... |
| 29.10.2021 | Bank of America reinforces fraud prevention with latest product | Leading financial institution Bank of America (BofA) announced the launch of its latest product feature, Account Validation, a fraud prevention service targeted towards corporate and public sector clients.
Prior to initiating an electronic ... |
| 22.10.2021 | Citi will be the first Wall Street bank to agree to a racial audit | Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning.
Citigroup Inc. became the first Wall Street bank to agree to do a deep dive into its business to see if, and how, it contributes to racial dis... |
| 20.10.2021 | What Stablecoins Might Become | Identifying the ideal path to regulatory compliance for a stablecoin has been difficult. U.S. regulators have taken a much more active interest in the industry, though it is still not entirely clear what they will want stablecoins to be.
U.... |
| 15.10.2021 | Minutes of the Artificial Intelligence Public-Private Forum - 1 October 2021 | Minutes
As stated in the AIPPF Terms of Reference, the views expressed by the AIPPF members in these minutes and all other outputs do not reflect the views of their institutions, the Bank or FCA. Also, the activities, discussions, and outpu... |
| 13.10.2021 | Proposed Bank Jewel Wants to Become a Global Stablecoin Issuer, With Bermuda’s OK
Genesis of Jewel
Stablecoins | Jewel, a proposed Bermudian bank and aspiring stablecoin issuer that is looking to provide services to digital asset businesses worldwide, has hired Nick Lepetsos, a veteran of First Western Trust Bank, as CEO.
He is coming on board at a ti... |
| 31.05.2021 | IRS Crypto Tax Risks Expand With New Reporting | It is no secret that the IRS wants you to report your crypto gains. You can report crypto losses too, but the IRS cares less about that. The government still seems to think millions of transactions and dollars might still be unreported. You... |
| 20.05.2021 | UK regulator tells neobanks not to liken themselves to banks | The UK’s Financial Conduct Authority (FCA) warned the chief executives of neobanks in a Tuesday letter to avoid comparing their upstart companies with licensed banks, voicing concern that consumers may think the challengers’ offerings have ... |
| 20.05.2021 | OCC Warns of Fraudulent Emails Seeking Bitcoin Wallet Keys | Consumers have received a fictitious email asking them to provide a bitcoin wallet key that would purportedly enable a transfer of funds under the control of the U.S. Office of the Comptroller of the Currency (OCC), according to an alert fr... |
| 19.05.2021 | Senate Banking Chairman 'Concerned' by OCC's Crypto Charters | Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, told Acting Comptroller Michael Hsu that he is "concerned" about the Office of the Comptroller of the Currency's (OCC) granting national trust charters to ... |
| 14.05.2021 | Major issuers look to join credit access initiative | JPMorgan and Wells Fargo are reportedly among a growing list of issuers that have joined a government-backed initiative to extend credit accessibility, sources familiar with the matter told The Wall Street Journal. The initiative entails is... |
| 24.04.2021 | OCC Announces Prelimimary Conditional Approval of the Application to Charter Paxos National Trust, New York | The Office of the Comptroller of the Currency (OCC), an independent bureau within the US Department of the Treasury that serves to charter, regulate, and supervise all national banks and thrift institutions and the federally licensed branch... |
| 16.03.2021 | Cryptocurrency provider picks up former head of the OCC | Brian Brooks, former acting head of the U.S. Office of the Comptroller of the Currency, has joined the board of Spring Labs, a startup tech provider for cryptocurrencies and blockchain.
This is not the first dip Brooks has taken in the cryp... |
| 16.03.2021 | Golden Pacific acquisition won’t interfere with SoFi’s public offering plans | SoFi, the Bay Area-based fintech which offers banking, investing and lending solutions is on pace to go public in the next few weeks, a company spokesperson told FinLedger. The company in January announced it would go public through a merge... |
| 15.03.2021 | Cryptocurrency provider picks up former head of the OCC | Brian Brooks, former acting head of the U.S. Office of the Comptroller of the Currency, has joined the board of Spring Labs, a startup tech provider for cryptocurrencies and blockchain.
This is not the first dip Brooks has taken in the cryp... |
| 26.02.2021 | Should Lenders Be Able To Avoid Controversial Corporations? | Randell Leach, a corporate entrepreneur with over 20 years of experience in financial services, serves as Beneficial State Bank’s CEO. |
| 02.02.2021 | A Big Year for Decentralized Identity and Infrastructure | This year has been off to a notable start for crypto and blockchain. On Jan. 7 the total cryptocurrency market hit an all-time high exceeding $1 trillion for the first time. Renewed interest in, and conversations around, blockchain technolo... |
| 29.01.2021 | Why 2021 will be an exciting year for FinTech | Last year, the world was crippled by COVID-19. But for the FinTech sector, it was just a speed bump. After the initial stun and the cautious reactions, the global pandemic acted as an accelerant for digital services, pulling the incumbent f... |
| 19.01.2021 | What Is ‘The Comptroller Of The Currency’ – And Why Does It Matter? | A USD $10,000 Federal Reserve Note from 1934 is displayed at the US Bureau of Printing and ... [+] Engraving (BEP) August 27, 2012 in Washington, DC. The note has the image of Salmon P. Chase, who was US Secretary of the Treasury under 16th... |
| 17.12.2020 | How Is the ISA Experiment Faring So Far? | Income-share agreements have emerged as a new financing option for colleges and nontraditional education programs. They’ve generated excitement among those who believe that ISAs can offer a much more student-friendly form of financing. But ... |
| 09.12.2020 | Crypto Startup BitPay Files to Become Federally Regulated US Bank | Crypto payments firm BitPay has filed to become a national bank in the U.S.
According to a Dec. 8 legal notice published by the Atlanta Journal-Constitution, BitPay has applied to the Office of the Comptroller of the Currency (OCC) to organ... |
| 07.12.2020 | We Don't Need the OCC's 'Political Discrimination' Rule | Big U.S. banks have long refused to lend to coal miners that use a mountaintop removal technique. Wells Fargo says it prohibits such lending because it recognizes the "elevated community concerns associated with the practice."
Sho... |
| 03.11.2020 | I've refinanced my mortgage 3 times and had nightmare experiences — except when I worked with my local credit union | The author, Laura McCamy, outside her Bay Area home. Courtesy Laura McCamy
Redeem now
Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission ... |
| 08.10.2020 | Citigroup slammed with $400 million fine for 'longstanding failure' to resolve its risk and data systems | US banking regulators fined Citigroup $400 million on Thursday for "longstanding failure" to fix its data and risk management systems.
Under the order, Citigroup is mandated to seek regulatory approval before making any significan... |
| 08.10.2020 | Citigroup fined $400 million over ‘longstanding’ internal failures | More On: citigroup
SEC's Gary Gensler ‘passes’ the buck Texas GOP rips Citi for backing 'culture of death' with abortion policy Citigroup paying for staff to travel out of state for abortions Citi wants to lure junior bankers to this Spanis... |
| 01.10.2020 | What the unbanked need from the 2020 election | Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.
Over 6% of Americans—20.5 million people—are unbanked, according to the FDIC’s latest data, meaning they... |
| 28.09.2020 | Trump Tax Avoidance Scandal Exposes Poor Risk Management And Double Standards At Deutsche And Professional Banks | Trump has been the beneficiary of double standards all his life. Getty Images |
| 17.08.2020 | Banks’ False Sense Of Cybersecurity Will Be Shattered By Cloud Computing | (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images |
| 23.07.2020 | The US OCC clears path for banks to custody crypto | As the great State of Wyoming leads the way in the USA for crypto and blockchain friendly banking (thanks to the tireless efforts of Caitlin Long, Tyler Lindholm and Jared Olsen) and with Texas saddling up to follow suit, huge news came out... |
| 22.07.2020 | Banks in US Can Now Offer Crypto Custody Services, Regulator Says | The Office of the Comptroller of the Currency (OCC) is letting all nationally chartered banks in the U.S. provide custody services for cryptocurrencies.
In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan... |
| 04.06.2020 | US Bank Regulator OCC Asks for Public Input on Cryptocurrency Use in Financial Sector | One of the federal bank regulators in the U.S., and the only one that charters national banks, is seeking public input on how it regulates new technologies and digital banking activities, including cryptocurrencies and blockchain tools.
In ... |
| 20.05.2020 | Under New Rules, Banks Will No Longer Earn Civil Rights “Brownie Points” For Pushing Families Into Credit Card Debt | Federal Reserve Chairman Jerome Powell speaks to students and faculty in Itta Bena, Mississippi, a ... [+] town with zero bank branches, on Tuesday, Feb. 12, 2019ASSOCIATED PRESS |
| 17.05.2020 | Digital Greenbacks | |
| 16.03.2020 | Former Coinbase exec is now down with OCC (the Office of the Comptroller of the Currency) | Former Coinbase chief legal officer Brian Brooks has been tapped as the chief operating officer and first deputy comptroller of the Office of the Comptroller of the Currency, beginning April 1, 2020.
In the role, Brooks will help the OCC in... |
| 16.11.2019 | Crypto Derivatives: A Corner of the Market or the Market Itself? | Emmanuel Goh is co-founder & CEO of skew. – a financial technology startup headquartered in London since 2018. These opinions are his and do not necessarily reflect the view of CoinDesk.
The following article originally appeared in Inst... |
| 04.04.2019 | Federal authorities warn of fake bank supposedly operating in Minneapolis | Anyone who has received any kind of notice from First National Bank in Minneapolis, Minnesota, take note: the bank does not actually exist.
The Office of the Comptroller of the Currency sent a notice Thursday to the chief executive officers... |
| 24.04.2017 | An obscure regulatory debate has put the entire U.S. fintech community on edge | Nik Milanovic Contributor
Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. The opinions expressed in his articles do not reflect those of h... |
| 04.01.2017 | Preparing for Blockchain Regulation in the Post-Obama Era | Juan Llanos
is a seasoned risk, blockchain and financial compliance expert and certified anti-money-laundering specialist. He writes about risk and virtual currencies on his blog ContrarianCompliance.com.
In this CoinDesk 2016 in Review spe... |
| 12.11.2015 | Peter Renton, Founder of Lend Academy & LendIt Conference, Contributes to Marketplace Lending’s Global Understanding, Growth & Success | “I think Fintech, particularly as it applies to lending, has the capacity to completely transform how consumers and small business use credit. The best platforms are true innovators, underwriting consumers and small businesses in new ways u... |
| 04.03.2015 | US Bank Regulator: Virtual Currencies Could Be 'Revolutionary' | Office of Comptroller of the Currency
The head of an independent US agency within the US Treasury that supervises national banks has issued new statements on virtual currencies and their "potentially revolutionary" impact on banki... |
| 31.10.2014 | What New FinCEN Guidance Means for US Bitcoin Companies | Faisal Khan is a payments consultant and digital money evangelist. He is the co-host of Around the Coin, a weekly podcast on banking, money and payments. He is also a frequent contributor to popular Q&A site Quora.
On October 27, 2014, ... |
| 16.07.2012 | Ocwen shared appreciation program slashes average mortgage by $75k+ | Ocwen Financial Corp. (OCN) reduced principal for 18,924 mortgage borrowers as of May as part of its shared appreciation program launched one year ago.
The average monthly payment on principal and interest shrank to $624 from $1,270 before ... |
| 09.07.2012 | FHA delinquencies increase for first time since January | The amount of seriously delinquent mortgages insured by the Federal Housing Administration increased in May for the first time since the beginning of the year.
The agency reported 713,104 seriously delinquent loans, up less than a full perc... |
| 16.03.2010 | Who Is Assaulting the Federal Deposit Insurance Corporation? | No one was surprised last week (March 11) when the board of the Federal Deposit Insurance Corporation (FDIC) extended the “transitional safe harbor” for securitizations, first adopted last November. That’s because Michael Krimminger, the FD... |
| 02.06.2009 | Regulators Propose Rule Changes for SAFE Act | Reform might lie the future for a piece of banking legislation passed last year that calls for nation-wide registration of mortgage originators. The Federal Reserve, US Treasury Department, Federal Deposit Insurance Corp., National Credit U... |
| 02.01.2009 | Dugan: ‘Learning as We Go’ | Just ahead of the Christmas holiday, BusinessWeek featured an exclusive interview with John Dugan, the Comptroller of the Currency, on the occasion of a joint release of housing and mortgage metrics — much of the focus now being placed by r... |
| 10.09.2008 | Dugan: OCC Looking to Expand on HMDA Data for Fair-Lending Screening | Comptroller of the Currency John Dugan said Wednesday that the government regulator will look to utilize expanded information from large banks early on in assessing fair-lending compliance, expanding on the core data set typically included ... |
| 11.06.2008 | OCC’s Dugan Takes Aim at HOPE NOW’s Workout Claims | After first requiring servicers to report loan level data to his agency in early March, Comptroller of the Currency John Dugan said Wednesday that the OCC had released a new, comprehensive report on mortgage performance during the fourth qu... |
| 27.05.2008 | OCC’s Dugan Calls for Withdrawal of Appraisal Pact | In the clearest challenge yet to a proposed appraisal management agreement reached in March by New York attorney general Andrew Cuomo and home finance giants Fannie Mae (FNM) and Freddie Mac (FRE), Comptroller of the Currency John Dugan has... |
| 03.03.2008 | OCC to Require Loan Level Data from Major Servicers | The Office of the Comptroller of the Currency said late Friday that it will require nine of the nation’s largest banks that service mortgages to provide comprehensive mortgage data to the government agency on a monthly basis. The required d... |
| - | Former Bank Executive Assessed $450,000 Penalty for Failure to Prevent Anti-Money Laundering Violations at Bank | On March 4, 2020, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”) assessed a civil monetary penalty of $450,000 against Michael LaFontaine, the former Chief Operational Risk Officer and Chief Compliance O... |
| - | OCC calls for feedback on US digital banking activities | The US Office of the Comptroller of the Currency (OCC) is open to comment on helping banks with digital activities, cryptocurrencies and pretty much everything else.
The OCC has published a Notice of Proposed Rulemaking (NPR) for public com... |
| - | Why 401(k) plans are the ‘final frontier’ for exchange-traded funds | Exchange-traded funds have become popular with investors, but haven’t gained much ground in workplace retirement plans.
Some of the key benefits of ETFs are irrelevant in a 401(k) context, experts said.
There are also some structural roadbl... |
| - | Federal Regulators Issue Key Guidance on Fintech Issues | On July 30, the U.S. Department of the Treasury ("Treasury") and the Office of the Comptroller of the Currency ("OCC") provided important guidance on a broad range of issues confronting the fintech industry. Treasury rel... |
| - | States Seek to Invalidate The OCC True Lender Rule | Complaint filed in People of the State of New York, et al. v. Office of the Comptroller of the Currency, et al., No. 1:21-Civ-00057 (S.D.N.Y. Jan. 5, 2021)
Recently, seven states (New York, California, Colorado, Massachusetts, New Jersey, M... |
| - | Office of the Comptroller of the Currency Adopts Final Rule Addressing Madden | On Acting Comptroller of the Currency Brian Brooks’ first day in that role, the OCC issued a final rule designed to effectively reverse the Second Circuit’s 2015 Madden v. Midland Funding decision.[1] As published in yesterday’s Federal Reg... |
| - | Agencies Overhaul Model Risk Management Guidance for Banks: Here’s What Changed | On April 17, 2026, the OCC, Federal Reserve and FDIC jointly issued “Revised Guidance on Model Risk Management,” replacing the framework that had governed bank model risk practices since 2011.
The revised guidance rescinds:
The Supervisory ... |
| - | U.S. companies in no hurry to disclose ownership under new Treasury rule | Treasury Secretary Janet Yellen said 100,000 companies have registered their beneficial owners so far, under a new rule that went into effect Jan. 1.
Registrations will need to substantially increase to meet the estimated 32.6 million compa... |
| - | Citizens Bank fined $9 million for mismanaging fraud complaints | The Consumer Financial Protection Bureau fined Citizens Bank $9 million for failing to properly process credit card disputes, according to a judgment released Tuesday.
The bank automatically denied fraud claims and billing error notices in ... |
| - | FinCEN Proposes Changes to Anti-Money Laundering Program Requirements for Financial Institutions: 5 Things to Know | The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed a rule to counter money laundering and the financing of terrorism that would add significant compliance requirements for financial institutions if a... |
| - | Biden administration unveils proposed changes to big banks’ overdraft fees | The Consumer Financial Protection Bureau unveiled a highly anticipated rule proposal targeting big banks’ overdraft fee practices.
Since 2000, American consumers have paid an estimated $280 billion in bank overdraft fees, according to CFPB ... |
| - | JPMorgan and Wells Fargo join government-backed initiative to extend credit accessibility | Redeem now
Major issuers are reportedly taking part in an initiative that will help expand credit access to historically underserved populations.
Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments &am... |
| - | Trump’s 10% credit card interest cap could hurt borrowers, experts say: ‘Access to credit would dry up’ | Former President Donald Trump’s call to curb credit card interest rates to 10% may have unintended consequences, financial experts and consumer advocates say.
“Access to credit would dry up,” said Ted Rossman, a senior industry analyst at B... |
| - | The Fed’s climate-related risk pilot comes with a long to-do list for banks | The news: The six major US banks that agreed to conduct climate-related scenario analysis with the Fed are kicking off their journey with a long to-do list, per American Banker.
The specifics: In October 2022, the Fed announced a pilot stre... |
| - | The inside story of New York Community Bank’s $1 billion lifeline | An investor group led by Liberty Strategic Capital announced on Thursday that it would invest more than $1 billion in troubled New York Community Bank, where former Treasury Secretary Steve Mnuchin is planning to rejoin Joseph Otting at the... |
| - | OCC Announces it Will Accept Fintech Charter Applications, Following the Release of Treasury Report on Nonbank Financial Institutions | On July 31, the OCC announced that nondepository financial technology firms engaged in one or more core banking functions may apply for a special purpose national bank (SPNB) charter. The announcement follows a report released the same day ... |
| - | Will the Biden administration revive the CEO perp walk? Defense lawyers are telling clients to be on guard | White collar defense attorneys are warning their CEO clients about the potential for stepped up enforcement in the Biden administration.
The records of Biden’s top enforcers, led by Attorney General-designate Merrick Garland, offer few clue... |