June 7, 2023
Via: Payments DiveSens. Dick Durbin (D-IL) and Roger Marshall (R-KS) on Wednesday revived their Credit Card Competition Act proposal aimed at spurring more competition in the credit card industry, but this time Republicans planned to take center stage at a Washington press […]
January 26, 2023
Via: Banking DiveMorgan Stanley is penalizing individual bankers for conducting company business on messaging platforms such as WhatsApp, in connection with an investigation by regulators that drew $1.8 billion in fines last year from 11 Wall Street institutions. The bank is either […]
December 29, 2021
Via: American BankerGermany’s finance watchdog fined Deutsche Bank 8.66 million euros ($9.8 million) over its handling of submissions for Euribor, a reference rate at the heart of a scandal that rocked the industry. The lender temporarily didn’t have effective systems and controls […]
April 12, 2021
Via: Banking TechnologyThe Prudential Control and Resolution Authority (ACPR), which operates under the Banque de France, issued a statement on 6 April. It stated that “the term ‘neobank’ must necessarily qualify a credit institution”. The regulator is wary firms are “mislead[ing] users […]
May 8, 2017
Via: The New York TimesRepublicans took a big step toward repealing the Affordable Care Act on Thursday, and they took a small step toward dismantling another of President Barack Obama’s signature pieces of legislation, the Dodd-Frank Act. With only the support of Republicans, the […]
April 4, 2017
Via: TheStreetPresident Donald Trump’s pledge to roll back regulations on U.S. banks could face resistance from an influential constituency: bondholders. While stockholders of firms like JPMorgan Chase (JPM) and Goldman Sachs (GS) have cheered Trump’s plans to repeal or soften rules […]
March 26, 2024
April 4, 2024
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