Compliance

Robinhood to pull application for national bank charter

11/27/19

The fintech firm, which had made prior attempts to offer a federally insured consumer account product, said it has “no plans at this time” to become a bank.

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Citigroup hit with record U.K. fine for incorrect reporting

11/26/19

The Bank of England fined Citi $57 million for failing to properly report capital and liquidity levels at its European investment bank and other global operations.

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Will banks be swept into CFPB's debt-collection rule?

11/25/19

Lenders contend the proposal goes beyond policing third-party debt collectors and could expose banks to enforcement actions and lawsuits.

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NCUA follows bank regulators’ lead on home appraisals

11/21/19

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

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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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BofA, IBM eye compliance in cloud for banks; Dimon seeks permanent liquidity fix

11/06/19

Service would help with compliance; JPM CEO sees more short-term lending rate spikes if no long-term solution implemented.

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New suit against Discover highlights lingering robocalling risk

10/31/19

The case — the card issuer's third in six years — is an example of the legal peril that banks and other companies continue to face over the use of automated phone calls for debt collection and other purposes.

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NCUA's Harper: Large credit unions need more oversight

10/30/19

The National Credit Union Administration board member is requesting comment on a proposal to create new consumer compliance measures for "large, complex credit unions."

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Geopolitics weighs on Mastercard's global B2B ambitions

10/29/19

Mastercard is aggressively building a business payments ecosystem as it keeps an eye on political headwinds it has little control over.

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Credit union regulator moves to quiet redlining fears

10/24/19

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.

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