Bank Newswatch
Banking agencies signal new ‘living will’ guidance for large banks
30 Sep 2022 21:17:38 UT
The Federal Reserve and the FDIC will issue guidance on so-called “living wills” for banks that are considered “Category II” or “Category III” firms under the Fed’s...
Bring back face-to-face banking, insist elderly
30 Sep 2022 21:26:04 UT
Campaigners are demanding new guarantees in the Financial Services and Markets Bill (FSMB) to protect bank and Post Office branches from closure. O Campaigners are demanding new guarantees in the...
Suing the CFPB to Hold it Accountable and Defend the Rule of Law
30 Sep 2022 19:47:00 UT
The Chamber and the business community oppose discrimination and agree it has no place in the marketplace.  We also support the rule of law and are steadfast in our position that government agencies...
Wells Fargo announces 13 more branch closings nationwide
30 Sep 2022 20:05:00 UT
Richard Craver Wells Fargo & Co. has listed 13 branches nationwide, though none in North Carolina, in its latest closings report to its federal regulator, the U.S. Office of the Comptroller of the...
CFPB Boss Racks up Enforcements as Second Year Begins
30 Sep 2022 20:10:36 UT
The head of the country’s consumer financial enforcement agency is closing out its first year at the helm showing banks, FinTechs, lenders, mortgage brokers and debt collectors the world according...
CFPB announces lawsuit against MoneyLion
30 Sep 2022 19:51:06 UT
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against online lender MoneyLion. The federal agency alleges that the lender, which provides interest-free cash advances and other...
Barclays Bankers Face Possible Discipline, Pay Cuts for Paperwork Blunder
30 Sep 2022 18:08:33 UT
(Bloomberg)   Barclays Plc said some of its bankers may face disciplinary action and pay cuts after the firm agreed to a $361 million penalty to settle US allegations that it failed to register...
The state of cannabis banking in the credit union space
30 Sep 2022 19:00:07 UT
With many states legalizing the sale and use of cannabis for medical or recreational purposes, cannabis is a lucrative and growing area of industry. With more states set to change their cannabis laws...
How the next-generation internet will improve fintech’s open banking solutions
30 Sep 2022 18:19:58 UT
While many of us think of the vast social media applications of the metaverse, this new technological landscape extends well beyond the realm of socializing and entertainment and into more...
House Passes Credit Union Board Modernization Act
29 Sep 2022 21:36:00 UT
FOR IMMEDIATE RELEASE    September 29, 2022 Washington, D.C. The CUNA-League-led Credit Union Board Modernization Act (H.R. 6889) passed in the House Thursday with 109 co-sponsors. The bill was...

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