The increases are primarily targeted at large banks

The final rule brings supervision to “Big Tech” and other widely used digital payment apps

Analysis of 18,000 borrower complaints reveals payment processing errors, inaccurate bills and repayment information, and unhelpful customer service

The Financial Conduct Authority has fined Metro Bank £16.7 million

The banking and credit sector continues to attract the highest number of complaints

The percentage of synthetic identities among attempted accounts reached an all-time high at the end of the first half of 2024

Faces a new investigation into whether the merger violates antitrust law

By increasing competition and choice, the rule aims to lower loan prices and improve customer service

Rules will reportedly be implemented in January 2026 at the earliest

The federal judge rejected the challenge, which was backed by the American Bankers Association