State regulators propose draft language for multistate licensing
The Conference of State Bank Supervisors has proposed creating model payments legislation that states could adopt to improve the state-by-state licensing process. ... Read full article
The Conference of State Bank Supervisors has proposed creating model payments legislation that states could adopt to improve the state-by-state licensing process. ... Read full article
The financial industry should take notes from regulators that have diverse leadership. ... Read full article
The series of print, digital and billboard ads uses children of Citigroup employees to draw attention to the bank's own efforts to promote women to senior roles. ... Read full article
As part of an effort to reduce regulatory burden, the agency will retire policy statements from the 1980s and nineties dealing with securities subsidiaries, failed-bank receiverships and other matters. ... Read full article
Renaud Laplanche, one of the first fintech disruptors, is launching an unusual type of credit product at Upgrade, his new company, that is a cross between a credit card and an unsecured loan. ... Read full article
The Providence, R.I., bank recently installed a new regional head in California to oversee a commercial banking expansion into five western states. The bank says it’s trying to craft a successful growth strategy while reassuring investors it isn’t ... Read full article
The court passed up a recent opportunity to clarify confusion about Americans with Disabilities Act requirements for business websites, raising concerns among bankers that they could become an even more inviting litigation target. ... Read full article
All personnel will qualify for up to six weeks of paid leave following the birth, adoption, or foster-care placement of a child in their home, the agency said. ... Read full article
The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle. ... Read full article
The social media giant's CEO will likely encounter pushback from members of the Financial Services Committee about the company's plans to launch its own cryptocurrency. ... Read full article
The EU wants to protect the euro and ensure Facebook’s digital currency isn’t used for money laundering; the brokerage is partnering with six banks to offer 2% on account balances. ... Read full article
Even with the FDIC actively encouraging groups to start banks, challenges like raising capital and low interest rates make it tough. ... Read full article
The reforms will result in significant changes to the proprietary trading ban first proposed by former Federal Reserve Chairman Paul Volcker and mandated in the Dodd-Frank Act. ... Read full article
The two Democrats waded into a court battle over the president's ability to fire a director of the Consumer Financial Protection Bureau. ... Read full article
Delinquencies on indirect auto and home equity loans are trending up, while past-due rates on credit cards are declining, according to a recent report by the American Bankers Association. ... Read full article
A thorough process for approving experiments with artificial intelligence, clear philosophical principles and diverse human involvement are some of the ways BofA says it's working to ensure AI does no harm. ... Read full article
The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development. ... Read full article
Investors expect banks to be honest and transparent about employee wages. ... Read full article
The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals. ... Read full article
The German bank is trying to reverse its reputation for “lousy systems;” the Bakkt platform has failed to attract much trading in its first two weeks. ... Read full article