Category: Regulations

Capital and Risk, Insurance, Regulations

Florida Legislative Session 2021: Insurance Bills to Watch

March 3, 2021

Via: Insurance Journal

The Florida insurance industry will be fighting for property insurance reforms in the 60-day legislative session that kicked off this week, but there are several other insurance-related bills to watch. Read on for a breakdown of the bills being considered […]


US corporate card provider Brex applies for banking licence in Utah

February 24, 2021

Via: FinTech Futures

The San Francisco fintech is hoping to obtain an Industrial Loan Company (ILC) licence from the Federal Deposit Insurance Corporation (FDIC). This is the same licence US digital payments firm Square landed just shy of a year ago. Square had […]

News, Regulations

Saudi Arabia plans new SME bank to underpin local funding

February 19, 2021

Via: FinTech Futures

The new bank, dubbed The Bank of Small and Medium Enterprises, will fill local funding gaps. “The SMEs Bank brings together all financing solutions under one umbrella,” says the Saudi Ministry of Commerce. It adds the bank gives SMEs access […]


Silicon Valley Democrat’s bill would give the IRS more money to audit millionaires, corporations

February 18, 2021


Rep. Ro Khanna, Silicon Valley’s lawmaker in Congress, on Thursday proposed a bill aimed at bulking up the Internal Revenue Service’s enforcement tools and ability to crack down on tax evasion. The legislation, if passed, would infuse the IRS with […]

Capital and Risk, Operational, Regulations

UK government unveils digital identity plans based on wallet tech

February 17, 2021

Via: FinTech Futures

Conservative MP and minister for digital infrastructure, Matt Warman, led the policy paper and calls it “a first stage industry prototype”. He also cites Canada, Australia, Sweden and New Zealand – countries taking similar approaches to digital identity as the […]

Activity, Corporate Banking, Regulations

US federal agencies probe Amex’s SME and consumer cards sales practices

February 16, 2021

Via: FinTech Futures

Amex received a grand jury subpoena from the United States Attorney’s Office for the Eastern District of New York related to its small business cards sales practices, according to Business Insider. The Consumer Financial Protection Bureau (CFPB) is also seeking […]


Monzo appoints Carol Kobuke Nelson as new US president and CEO

February 15, 2021

Via: FinTech Futures

With TS Anil moving from US to UK CEO last year, a vacancy opened up for a new stateside boss at the UK challenger. Nelson previously served as a top executive for more than four years at Cleveland-based KeyBank. She’s […]

Capital and Risk, Credit, Regulations

Credit Suisse pays $600 million to settle U.S. mortgage case

February 12, 2021

Via: American Banker

Credit Suisse Group AG agreed to pay $600 million to settle a lawsuit over mortgage securities that collapsed in the 2008 financial crisis, an accord that locks in an expected hit to its profit. The plaintiff, MBIA Insurance, said late […]

News, Regulations, Retail Banking

USAA Federal Savings Bank nabs new risk head from Citigroup

February 10, 2021

Via: FinTech Futures

The San Antonio-based firm has also promoted from within. It’s moved former head of retail banking, Paul Vincent, to a new role as head of its banking unit. “USAA is adding a highly talented risk professional with two decades of […]

News, Regulations

The Top 500 Banking Brands 2021

February 1, 2021

Via: The Banker

The global pandemic has taken its toll on brand value in the global banking industry, with the total valuation of The Banker/Brand Finance’s Top 500 Banking Brands 2021 ranking falling by 4.2%, to $1.27tn. This is the first time in […]