Robinhood to pull application for national bank charter


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.


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


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.


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


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


NCUA follows bank regulators’ lead on home appraisals


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.


Fidelity wins crypto custody charter; HSBC plans restructuring


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.


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


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


New suit against Discover highlights lingering robocalling risk


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.


NCUA's Harper: Large credit unions need more oversight


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


Geopolitics weighs on Mastercard's global B2B ambitions


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


Credit union regulator moves to quiet redlining fears


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.