#banking-regulations

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#overdraft-fees

Overdraft fees could be capped at $5 under new federal rule

New CFPB rule caps overdraft fees at $5, potentially saving consumers up to $5 billion annually.

Americans paid $100B since 2008 to access their own money. I am petitioning the Fed to end this racket

Banks profit from delaying money access, hurting those who live paycheck to paycheck.
Outdated Federal Reserve regulations enable banks to hold onto funds longer than necessary.

New Federal Rule Limits Overdraft Fees at Large Banks

New rule caps overdraft fees at large banks, helping consumers save on charges, but its future is uncertain under a potential Trump administration.

The CFPB cracks down on bank overdraft fees with this new rule

The new regulation caps overdraft fees, aiming to save consumers $5 billion annually and increase transparency in banking practices.

A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers

Overdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.

Overdraft fees could be capped at $5 under new federal rule

New CFPB rule caps overdraft fees at $5, potentially saving consumers up to $5 billion annually.

Americans paid $100B since 2008 to access their own money. I am petitioning the Fed to end this racket

Banks profit from delaying money access, hurting those who live paycheck to paycheck.
Outdated Federal Reserve regulations enable banks to hold onto funds longer than necessary.

New Federal Rule Limits Overdraft Fees at Large Banks

New rule caps overdraft fees at large banks, helping consumers save on charges, but its future is uncertain under a potential Trump administration.

The CFPB cracks down on bank overdraft fees with this new rule

The new regulation caps overdraft fees, aiming to save consumers $5 billion annually and increase transparency in banking practices.

A new CFPB rule could lower overdraft fees to just $5 - here's what that could mean for checking account customers

Overdraft fees can significantly affect consumers financially; a new rule may cap these fees at $5 for large institutions starting October 2025.
moreoverdraft-fees
#fraud-prevention

Warning over three-day delayed bank payments under new rules

New rules may delay bank payments by up to three days to enhance fraud investigation and customer protection.

Banks Aren't Doing Enough to Protect Customers From Scams

Customers may not be reimbursed for scammed money if the transfer was personally approved.
Banks are urged to take more responsibility in preventing scams as the line between authorized and unauthorized transactions becomes blurred.

SurePay fights bank fraud with Okta's help

SurePay enhances bank fraud prevention and regulatory compliance via advanced payment verification systems, significantly reducing fraud incidents.

Ensuring Secure Transactions in Europe : Verification of Payee (VoP)

VoP is crucial for preventing fraud in payment transactions, ensuring funds go to the right recipients.

Warning over three-day delayed bank payments under new rules

New rules may delay bank payments by up to three days to enhance fraud investigation and customer protection.

Banks Aren't Doing Enough to Protect Customers From Scams

Customers may not be reimbursed for scammed money if the transfer was personally approved.
Banks are urged to take more responsibility in preventing scams as the line between authorized and unauthorized transactions becomes blurred.

SurePay fights bank fraud with Okta's help

SurePay enhances bank fraud prevention and regulatory compliance via advanced payment verification systems, significantly reducing fraud incidents.

Ensuring Secure Transactions in Europe : Verification of Payee (VoP)

VoP is crucial for preventing fraud in payment transactions, ensuring funds go to the right recipients.
morefraud-prevention
from Fortune
2 weeks ago

Banks don't want to inspect your home office, so they're forcing hundreds of employees to come in five days a week

Big banks prefer returning employees to the office rather than complying with new work-from-home regulations requiring home inspections.

Rachel Reeves fightback to woo the City: I'll ease banking regulations

Easing banking regulations is a key strategy for Rachel Reeves to regain trust and stimulate economic growth in the UK.

NatWest blocks bevy of messenger apps on staff devices

NatWest Group has officially banned a wide range of messaging apps to ensure regulated communications and protect itself from legal issues.

Singapore wants police to stop stubborn victims from sending money to scammers

Singapore proposes Protection for Scams Bill to restrict online banking for scam victims amid rising financial crime.
#consumer-protection

Urgent purchase scam warning as shoppers start spending for Christmas

The rise in purchase scams during holiday shopping seasons highlights the need for increased consumer awareness and protective measures against fraud.

A California senior lost $700,000 to crypto scammers. Now she's asking the state to slow bank transfers

Elderly woman scammed of $720,000 life savings in a cryptocurrency scam.
Efforts underway to introduce legislation to prevent elder fraud and protect vulnerable individuals.

ABA has significant concerns' with CFPB proposal to ban medical debt from credit reports

ABA opposes CFPB's proposal to ban medical debt from credit reports, citing concerns over authority, evidence, and potential negative impacts on financial stability.

CEO Jamie Dimon: 'Time to Fight Back' Against Federal Rules | Entrepreneur

Jamie Dimon of JPMorgan Chase advocates against overlapping federal regulations, claiming they harm lower-income individuals and create unfair burdens for banks.

Urgent purchase scam warning as shoppers start spending for Christmas

The rise in purchase scams during holiday shopping seasons highlights the need for increased consumer awareness and protective measures against fraud.

A California senior lost $700,000 to crypto scammers. Now she's asking the state to slow bank transfers

Elderly woman scammed of $720,000 life savings in a cryptocurrency scam.
Efforts underway to introduce legislation to prevent elder fraud and protect vulnerable individuals.

ABA has significant concerns' with CFPB proposal to ban medical debt from credit reports

ABA opposes CFPB's proposal to ban medical debt from credit reports, citing concerns over authority, evidence, and potential negative impacts on financial stability.

CEO Jamie Dimon: 'Time to Fight Back' Against Federal Rules | Entrepreneur

Jamie Dimon of JPMorgan Chase advocates against overlapping federal regulations, claiming they harm lower-income individuals and create unfair burdens for banks.
moreconsumer-protection
#financial-crisis

Great white hope of EU capital market plans a bust, think tank says

Reviving securitisation could risk taxpayer money without effectively increasing lending, as per Finance Watch's report.

If UK bank bosses demand uncapped bonuses then salaries must fall | Nils Pratley

The UK has abolished the banker bonus cap, allowing substantial increases in bonuses, but this may lead to complex pay restructuring within banks.

Great white hope of EU capital market plans a bust, think tank says

Reviving securitisation could risk taxpayer money without effectively increasing lending, as per Finance Watch's report.

If UK bank bosses demand uncapped bonuses then salaries must fall | Nils Pratley

The UK has abolished the banker bonus cap, allowing substantial increases in bonuses, but this may lead to complex pay restructuring within banks.
morefinancial-crisis

CFPB finalizes 'open banking' rules for consumer data sharing

New rules by the CFPB enable consumer control over financial data, fostering competition in banking services.

NYC Businesses, Banks & ATMs Will Not Accept These Specific Dollar Bills

U.S. dollar bills deemed 'mutilated' will no longer be accepted by banks, ATMs and businesses starting October 2024.

Opinion | How We Unintentionally Created the Affordable Housing Crisis

The U.S. housing crisis stems from a decline in small-dollar mortgage availability, exacerbated by well-intended banking reforms made post-financial crisis.
#financial-stability

Elizabeth Warren calls Fed chair Jerome Powell a 'dangerous man' for supporting this regulation that would decrease controls over JP Morgan, Bank of America and Citibank, among others

The Federal Reserve's new proposal significantly reduces the capital requirements for banks, raising concerns about future financial stability.

The Morning Risk Report: OCC Takes Shot at 'Woke Capital' Laws

Federal anti-money-laundering rules supersede state laws on bank account closures for political reasons.

Elizabeth Warren calls Fed chair Jerome Powell a 'dangerous man' for supporting this regulation that would decrease controls over JP Morgan, Bank of America and Citibank, among others

The Federal Reserve's new proposal significantly reduces the capital requirements for banks, raising concerns about future financial stability.

The Morning Risk Report: OCC Takes Shot at 'Woke Capital' Laws

Federal anti-money-laundering rules supersede state laws on bank account closures for political reasons.
morefinancial-stability

Biden Moves to Open U.S. Banks to Cuba's Private Sector

Supporting Cuba's private sector growth through new banking regulations announced by the Biden administration.

The Fed's End-Run Around Democracy to Promote Green Policies

The Federal Reserve is pushing green policies on American banks through Climate Stress Tests and Climate Risk Management.

Can foreigners open a UK business account as non-residents?

Non-residents can open business accounts in the UK with certain banks and EMIs online.
Transferra is highlighted as a top UK business account provider for non-residents due to its convenient features.

How Wall Street banks fought to keep control of a profitable but secretive trading business

Dodd-Frank aimed to regulate derivatives trading
Interest rate swap business transformation

Banc of California Selling $2B in Resi Loans

Banc of California is selling off $2 billion in business-purpose mortgage loans acquired from PacWest Bank.

The Morning Risk Report: Citigroup Facing New Regulatory Knock on Its Living Will

A banking regulator is expected to downgrade Citigroup's living-will plan rating, indicating ongoing struggles with regulatory compliance.
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