Sens. Elizabeth Warren, D-Mass., and Chris Van Hollen, D-Md., sent a letter to OCC officials suggesting that Bank of Tokyo was trying to avoid an investigation by New York examiners when it switched to a federal charter. ... Read full article
British regulators are touting the success of their so-called regulatory sandbox. Their American counterparts have been unable to agree on a comprehensive scheme to foster innovation. ... Read full article
Credit bureau says records of 143 million consumers were compromised; state agency penalizes Habib Bank for enabling terror financing. ... Read full article
New York’s banking regulator ordered Habib Bank Ltd. to pay $225 million and surrender its license to operate in the state, effectively removing Pakistan’s largest lender from the U.S. financial system. ... Read full article
The Office of the Comptroller of the Currency is seeking to scrap a challenge to its fintech charter by New York’s bank regulator. ... Read full article
Readers question acting comptroller Noreika, weigh in on SoFi’s charter application, defend Trump’s exit from the Paris Accord, and more. ... Read full article
While some policymakers are open to accommodating fintech companies with looser oversight compared to banks, the New York State superintendent is unapologetic about her tough approach. ... Read full article
New York’s banking regulator on Friday filed its own individual lawsuit against the OCC's fintech charter, asking the courts to block it. ... Read full article
The announcement is the latest in a series of steps states are taking to make their licensing system more attractive to fintech companies. ... Read full article
Wells Fargo’s chief marketing officer Jamie Moldafsky shared how social media is helping the bank recover from its account-opening crisis; Maria Vullo explains her tough stance on bank crime, despite maintaining a lower profile than her predecessor. ... Read full article
Coinbase has received approval from the New York State Department of Financial Services to offer trading of the digital currency Ether, along with other products. ... Read full article
The German lender says that the Justice Department closed a criminal inquiry into its currency-trading activities without action, but regulators are said to be in the final stages of their own reviews of that conduct to determine if any fines are in order. ... Read full article
New York's financial regulator had sought to expand licensing requirements for certain fintech firms through a provision in the state's budget, but the provision was not included. ... Read full article
The New York State Department of Financial Services is hoping to expand its authority to marketplace lenders, brokers, merchant cash advance companies and others that previously could operate in the state without a license. ... Read full article
The head of the New York Department of Financial Services did not mince words Wednesday in criticizing a proposed federal fintech charter. ... Read full article
