Category: Regulations

March 3, 2021

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 […]

February 24, 2021

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 […]

February 19, 2021

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 […]

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 […]

February 17, 2021

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 […]

February 16, 2021

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 […]

February 15, 2021

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 […]

February 12, 2021

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 […]

February 10, 2021

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 […]

February 1, 2021

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 […]