Source: fdic.gov
In today’s top news, the FDIC is planning on setting new regulations for FinTechs and industrial banks, and Treasury Secretary Steven Mnuchin said U.S. unemployment...
The Federal Deposit Insurance Corporation (FDIC) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency...
Congresswoman Maxine Waters, chairwoman of the House Committee on Financial Services, wants to stop any new Industrial Loan Company (ILC) charters until further notice, citing...
Banks across the U.S. are closing branches, but the New York area is seeing more closures than most, Bloomberg reported on Wednesday (Feb. 19). The...
In today’s top payments news, U.S. Bancorp subsidiary Elavon is acquiring U.K. payments gateway Sage Pay for $300 million. Also, Apple criticized the vote of German lawmakers to pass...
The U.S. recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit...
Lights out for the FinTech charter idea? The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would...
Facebook’s announcement of Libra late last month has spurred greater regulatory oversight of cryptocurrencies, with a particular eye on who may be bringing those cryptos...
With the 2020 presidential election on the horizon, the theme of growing access to the banking system is becoming front and center. Democrats such as...