#banking-regulations

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#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
#consumer-protection

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.

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.

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.

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.

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.

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.

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.

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.
moreconsumer-protection
from Fast Company
2 weeks ago

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
from Fortune
1 month ago
Business

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.

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.

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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