bank regulation

Rabobank Pays $368M Fine Over Illicit Funds
Rabobank Pays $368M Fine Over Illicit Funds
February 08, 2018  |  Legal

Rabobank, a California unit of the Dutch cooperative, agreed Wednesday (Feb. 7) to turn over $368 million for processing funds that were tied to illicit...

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Open Banking Entices SMB Lender Investly To Go After Funding
Open Banking Entices SMB Lender Investly To Go After Funding
January 30, 2018  |  B2B Payments

Alternative lending platform Investly has announced plans to raise new funds and take advantage of the U.K.’s new Open Banking regulations, according to Peer2Peer Finance...

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MPs Slam Finance Watchdog For Omission In RBS SMB Scandal Summary
MPs Slam Finance Watchdog For Omission In RBS SMB Scandal Summary
January 22, 2018  |  B2B Payments

U.K. members of parliament (MPs) say managers at Royal Bank of Scotland (RBS) knew — or, at least, should have known — about alleged mistreatment of small...

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UK Warns Of Financial Crisis Threat If EU Blocks Brexit
UK Warns Of Financial Crisis Threat If EU Blocks Brexit
January 11, 2018  |  B2B Payments

Blocking the U.K.’s exit from the European Union could spark the next global financial crisis, according to warnings issued by two U.K. policymakers. Reports in...

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British MP Calls For Action Against Banks’ Small Business Mistreatment
British MP Calls For Action Against Banks’ Small Business Mistreatment
January 09, 2018  |  B2B Payments

A British member of parliament (MP) is calling for the creation of a special tribunal to tackle bankers’ mistreatment of small- and medium-sized businesses (SMBs)...

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EU Regulators Pushing For Cross-Border Bank M&A
EU Regulators Pushing For Cross-Border Bank M&A
December 28, 2017  |  B2B Payments

EU regulators are the driving force behind an upcoming wave of cross-border bank mergers, according to reports in Reuters Wednesday (Dec. 27). The European Central...

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PSD2 And The US, Too
PSD2 And The US, Too
December 22, 2017  |  Bank Regulation

More innovation. Less smoke and mirrors. Those are the goals of Europe’s second Payment Services Directive (PSD2), which goes into effect in 2018. In short,...

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Fed’s Quarles To Recuse Himself From Anything Wells Fargo
Fed’s Quarles To Recuse Himself From Anything Wells Fargo
December 17, 2017  |  Bank Regulation

The Federal Reserve’s vice chair who is in charge of policing Wall Street, Randal Quarles, said late last week he is recusing himself from anything...

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In Global B2B Payments, Both Banks And FinTechs Face Regulatory Headwinds
In Global B2B Payments, Both Banks And FinTechs Face Regulatory Headwinds
December 04, 2017  |  B2B Payments

FinTech innovators are finally paying attention to the B2B sphere, and much of that focus has landed on the cross-border payments space — a notoriously clunky,...

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