AML

Banking hemp no longer requires filing SARs: Regulators

12/03/19

The Financial Crimes Enforcement Network and other regulatory agencies confirmed that the recent legalization of the substance eases banks' anti-money-laundering requirements.

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Will the fintech bubble burst?; banks using customer data for retail offers

12/03/19

The number of fintech startups has declined rapidly; several banks are using customer data to help customize retail offers.

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Is Goldman changing its tune?; The rise of credit unions

12/02/19

The bank is likely to tout asset management at its upcoming investor day; credit union assets have exceeded banks' growth in the past decade.

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Is it now or never for AML reform?

11/28/19

The 2020 elections and a potential new chair of the Senate Banking Committee in the next Congress could put a deadline on passage of a bill to ease a key anti-money-laundering requirement for banks.

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Schwab, TD Ameritrade deal announced; Fannie, Freddie guarantees debated

11/25/19

The $26 billion all-stock deal has the OK of the boards from both companies; the administration says it will move on privatization without federal backing.

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Fed eyeing banks’ technology vendors; Wells questioned on fees

11/22/19

Banks’ third-party technology providers may face increased scrutiny; Rep. Porter wants more data about "confusing" checking account fees.

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Brainard has eye on imbalances; Discount window forsaken

11/21/19

Fed governor again calls for using the countercyclical buffer at banks; bank borrowing from Fed on pace for lowest total ever.

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Ripple's XRP used in $400M of crimes, a crypto-tracking firm says

11/20/19

Yet that figure is relatively low compared with other digital assets such as bitcoin, according to the fintech Elliptic.

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Fidelity wins crypto custody charter; HSBC plans restructuring

11/20/19

The charter may provide greater confidence for digital currency investors; bank expects to make large-scale job cuts in its global banking and markets unit.

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In partisan D.C., House banking panel flips the script

11/14/19

Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.

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