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The transition from a rules-based regulatory system to a principles-based regime requires a change in mindset. Box-ticking no longer gets the job done.

Typically called softPOS or Tap to Pay, the technology allows sellers to receive transactions without add-on hardware. It's becoming a popular payment option for small business and mobile sellers and other users.

Lenders are bracing for more companies to fall behind on their loan payments. That could create more opportunities for banks to dispose of these nonperforming credits through an Article 9 sale.

The layoffs come as the fintech is still working to close the SPAC merger it announced in August 2021.

Regional banks will need to implement holistic, sophisticated data and risk analysis technology following last month's bank runs, experts say.

The agency said it will include home valuation practices in its fair lending review. It's the latest effort by a Washington regulator to root out discriminatory practices in the profession.

The world's largest asset manager, often known for its close partnerships with government agencies, will market SVB and Signature Banks' former assets.

The report issued Thursday comes as the U.S. and other countries are grappling with how they should regulate cryptocurrencies and virtual assets.

The top five banks and thrifts have combined total home equity loans of more than $97 billion as of September 30, 2022.

The card network vows to make all of its new cards from recycled plastic by 2028, but even the most ardent digital-first card issuers have met obstacles in finding affordable alternatives to using virgin plastic.