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UK Watchdog Tells US Banks To Prepare for Motor Finance Redress Scheme

UK Watchdog Tells US Banks To Prepare for Motor Finance Redress Scheme

Lloyds Bank and Close Brothers have already put aside funds for potential redress
No Rest for the Wary: Deregulation is Regulatory Change Too

No Rest for the Wary: Deregulation is Regulatory Change Too

The recent wave of executive orders from the Trump Administration signals a significant deregulatory trend
CFPB Dismisses Lawsuit Against Zelle, U.S. Banks

CFPB Dismisses Lawsuit Against Zelle, U.S. Banks

The CFPB has dropped several cases since the new administration took over
UK Regulator Fines Four Banks $127m For Sharing Sensitive Information

UK Regulator Fines Four Banks $127m For Sharing Sensitive Information

Citi, HSBC, Morgan Stanley and RBC each face fines
Banking Associations Warn New Overdraft Rule Could Harm Consumers

Banking Associations Warn New Overdraft Rule Could Harm Consumers

Five associations say the overdraft fee cap is unnecessary due to recent bank efforts
TD Banks Offloads 10% Stake In Charles Schwab Amid Landmark Fine

TD Banks Offloads 10% Stake In Charles Schwab Amid Landmark Fine

The bank will use proceeds of the sale for share buybacks and growth investments
Consumer Watchdog Seeks Input on Digital Payment Privacy and Consumer Protections

Consumer Watchdog Seeks Input on Digital Payment Privacy and Consumer Protections

The CFPB has proposed an interpretive rule to expand Electronic Fund Transfer Act protections to digital payment mechanisms
Banks Continue to Take Back Seat to Employees in Archegos Restitution

Banks Continue to Take Back Seat to Employees in Archegos Restitution

Multiple former Archegos employees are looking to receive compensation for the demise of Archegos Capital Management
Britain’s Financial Watchdog Faces Legal Action

Britain’s Financial Watchdog Faces Legal Action

The lawsuit accuses the FCA of unlawfully excluding thousands of customers from a bank compensation scheme
Majority of U.S. Workers Received Pay Increase in Past 12 Months

Majority of U.S. Workers Received Pay Increase in Past 12 Months

However, three in five workers say their income hasn’t kept pace with price increases
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