banking regulation

Paytm’s Shares Fall as Widening Losses Are Anticipated
Paytm’s Shares Fall as Widening Losses Are Anticipated
May 21, 2024  |  Banking

Paytm’s stock has reportedly fallen considerably amid the company’s troubles with Indian banking regulators. Shares in Paytm are down roughly 61% in the last six months, Bloomberg...

READ MORE >
JPMorgan’s Dimon Sees Banking System ‘Shrinking’ Relative to FinTechs and Private Markets  
JPMorgan’s Dimon Sees Banking System ‘Shrinking’ Relative to FinTechs and Private Markets  
April 08, 2024  |  Banking

JPMorgan Chase CEO Jamie Dimon weighed in on all manner of subjects in his latest annual letter to shareholders — taking particular note of the...

READ MORE >
Report: US Regulators Could Debut Banking Rules This Spring
Report: US Regulators Could Debut Banking Rules This Spring
March 05, 2024  |  Regulation

The Federal Reserve and other American regulators could reportedly unveil new banking regulations this spring. That’s according to the New York Times (NYT) report Tuesday (March 5)...

READ MORE >
Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring
Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring
November 16, 2023  |  Bank Regulation

Wells Fargo is reportedly grappling with regulatory obligations to enhance its monitoring of financial crime. Regulators have issued formal orders to Wells Fargo, instructing the bank...

READ MORE >
Wells Fargo Fake Accounts Settlements Nears $5 Billion Mark
Wells Fargo Fake Accounts Settlements Nears $5 Billion Mark
September 10, 2023  |  Legal

Wells Fargo will pay $1 billion to settle an investor lawsuit tied to authorized customer accounts. The settlement was approved Friday (Sept. 8) by U.S. District...

READ MORE >
UK’s CMA Finds HSBC Failed to Share Payment Transaction Histories
UK’s CMA Finds HSBC Failed to Share Payment Transaction Histories
July 25, 2023  |  Regulation

The U.K.’s Competition and Markets Authority (CMA) has found that HSBC has breached an order that requires banks to send payment transaction histories to some customers. Part 5...

READ MORE >
Credit Unions Keep Open Dialogue With Lawmakers in Wake of Banking Turmoil
Credit Unions Keep Open Dialogue With Lawmakers in Wake of Banking Turmoil
May 01, 2023  |  Credit Unions

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...

READ MORE >
CFPB Wants Information About Consumer Credit Cards
CFPB Wants Information About Consumer Credit Cards
January 24, 2023  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is asking consumers and others about their experiences with credit cards. The information is to be used in a...

READ MORE >
Fed’s Goldman Probe and Regulators’ Remarks Signal Heightened Digital Lending Scrutiny
Fed’s Goldman Probe and Regulators’ Remarks Signal Heightened Digital Lending Scrutiny
January 23, 2023  |  Bank Regulation

The rise of digital banking — and specifically, consumer lending — looks set for renewed focus from regulators. As reported last week, the Federal Reserve...

READ MORE >