Compliance

With lawyer as interim CEO, Wells Fargo looks to mend fences with regulators

03/29/19

The bank's decision to select its general counsel as successor to Tim Sloan, albeit on a temporary basis, focused attention on its frayed relationships with the Federal Reserve and the OCC.

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Apple Card raises pressure on banks — and fintechs

03/25/19

The new Apple Card wasn't just one product of many announced at the Steve Jobs Theater on Monday — it was the glue that binds all of Apple's new services together.

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Setting the record straight on CRA reform

03/25/19

Robust public discussion from a diverse array of stakeholders has informed regulators working to reform the Community Reinvestment Act, but it has also included some misleading claims, writes a top OCC official.

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Examiners should stay focused on ‘big picture’: FDIC’s McWilliams

03/22/19

The head of the agency said she wants FDIC staff to be proactive with banks that show visible problems, but not “focus more on seeking out dirt than on whether the home is clean.”

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5 key takeaways from the FIS-Worldpay deal

03/18/19

Given the size of the deal — which includes about $9 billion of Worldpay’s debt on top of a $34 billion bid — the pressure’s on to build a global powerhouse that can counter other major fintech mergers announced in the past weeks. FIS must also emerge as a nimble rival to the startups that threaten the old order.

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What's behind OCC’s public rebuke of Wells Fargo?

03/15/19

Federal regulators normally hesitate even to name specific institutions, but the Office of the Comptroller of the Currency appears to be taking a different tack with Wells.

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Fed pumps the brakes on Nacha plan for faster Same-Day ACH

03/13/19

After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.

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Massachusetts assembles fintech panel after crypto crackdown

03/07/19

Digital-asset companies will try to develop a less adversarial relationship with the state's securities regulator, who stopped several startups from selling digital currencies as investments.

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Wells Fargo hires KeyCorp executive to shore up risk management

03/04/19

Maria Teresa Tejada joined the bank Monday as chief strategic enterprise risk officer.

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Crypto companies complain they're being shunned by most banks

03/04/19

Entrepreneurs in the digital-assets industry say that even as some attract investment from multibillion-dollar institutions, they are routinely refused basic banking services by the likes of HSBC and JPMorgan Chase.

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