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Compliance/Regulatory - Banking Exchange
Five associations say the overdraft fee cap is unnecessary due to recent bank efforts
The bank will use proceeds of the sale for share buybacks and growth investments
The Federal Reserve stated that it would “reduce the volatility of stress test results..."
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
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
Customers tricked into sending money to fraudsters can be compensated up to £85,000
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