Bank Newswatch
Federal Reserve, FDIC, and OCC Issue the First Joint Statement on Crypto-Asset Risks to Banking Organizations
01 Feb 2023 20:06:59 UT
On Jan. 3, 2023, the Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit...
California Prepares to Add New Student Loan Servicing Regulations
01 Feb 2023 19:32:36 UT
Article By The California Department of Financial Protection and Innovation (DFPI) recently issued a Notice of Modification to Proposed Regulations and published the newly modified proposed...
Banks need to pick up innovation torch as fintech fades
01 Feb 2023 20:01:18 UT
Fintech lenders boomed because of the low interest rates of the past 10 years. By focusing on innovation and customizing the user experience, they challenged banks and changed the game of financial...
Egyptian FinTech MNT-Halan Announces $400M of Fresh Funding
01 Feb 2023 19:40:26 UT
Egypt’s MNT-Halan has raised $400 million at a valuation of over $1 billion. The funding was announced by the Cairo-based FinTech on Monday (Feb. 1). The largest chunk of the fresh capital was from...
CFPB issues CUNA-opposed proposal on credit card late fees
01 Feb 2023 16:00:00 UT
The Consumer Financial Protection Bureau issued a proposed rule on credit card late fees Wednesday morning. CUNA has major concerns with the proposal and wrote to the CFPB last week urging it to...
What is FinTech?
01 Feb 2023 18:20:21 UT
In the financial industry, the term “FinTech” is becoming increasingly common. The new development of young, innovative start-ups seems to be revolutionizing the financial sector and overtaking...
CFPB Praised for Proposed Crackdown on 'Exploitative' Credit Card Late Fees
01 Feb 2023 18:30:51 UT
The Biden administration on Wednesday was widely praised for unveiling proposed regulatory changes that could save American families up to $9 billion a year by cracking down on unfair credit card...
Watchdog warns FDIC fails to test banks’ cyberdefenses effectively
01 Feb 2023 17:13:17 UT
| FedScoop Skip to main content Subscribe to our weekly newsletter. Subscribe Close The agency’s Office of Inspector General says staff at the prudential regulator are not being kept abreast of...
FDIC details proposed regulation public comment extension
01 Feb 2023 13:00:11 UT
The Federal Deposit Insurance Corporation (FDIC) has extended by 45 days the public comment period for proposed changes to regulations regarding the FDIC’s official sign and its official advertising...
Department of Banking and Securities Issues Cease and Desist Order Against Diamond Mo...
01 Feb 2023 17:56:11 UT
Affected Consumers Can File a Complaint With the Department Online Harrisburg, PA - On January 31, 2023, the Pennsylvania Department of Banking and Securities issued an Order to Cease and Desist...

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