Regulation and compliance
Regulation
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Echoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.
July 9 -
The U.K.’s Rural Payments Agency has long been renowned for its inefficiencies in processing timely and accurate financial support payments to farmers across the country. But now industry figures expect Brexit will lead to an improvement in performance due to a loosening of the EU-driven bureaucratic regulations.
July 9 -
The Fed, the FDIC and the OCC said Friday that they have begun implementing changes for regional banks under the new regulatory relief law passed in May.
July 6 -
Online lenders and other firms await news from OCC and Treasury on the future of their supervision, even as they absorb the news that Square had to temporarily pull its industry loan company application.
July 6 -
International banks are also having to adapt to a raft of regional payment and data regulations that impact their operations in certain territories significantly but in others only negligibly, according to Russell Bennett, chief technology officer of Fraedom.
July 6 -
Banks need to be prepared for increased regulatory scrutiny as they adopt artificial intelligence technologies.
July 6 -
The GDPR doesn’t mandate how data requests should be made, but it does say that organizations handling personal data should be prepared to handle the requests. One would be right to wonder whether companies are as prepared as they should be.
July 5 -
The agency will advise lenders on how to obtain partial exemptions from Home Mortgage Disclosure Act requirements that Congress adopted this spring.
July 5 -
The National Association of Federally-Insured Credit Unions is supporting Northwest FCU in an appeal of an ADA suit thrown out earlier this year.
July 5 -
The payments processor has pulled its submission to the FDIC to become a depository bank but says it plans to make a second attempt soon.
July 5 -
This week's ruling from a U.K. appeals court is the latest of many episodes in a battle between merchants and card brands that has influenced regulations, technology, market strategies and nearly all other aspects of the payments ecosystem.
July 5 -
The Consumer Financial Protection Bureau's practice of "regulation by enforcement" and use of nonbinding guidance materials makes its regulatory efforts "unfair and ineffective" to lenders and servicers, the Mortgage Bankers Association said.
July 5 -
A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages.
July 5 -
If the GOP keeps the Senate, the Pennsylvania Republican, who has pressed for bigger changes to the Dodd-Frank Act than recently enacted regulatory relief legislation, could be the next banking chair. Here's what that means.
July 5 -
Regardless of which party controls the House or Senate after the midterm elections, the financial services panels in both chambers could have new leaders.
July 4 -
A decades-old Fed charter could help banks develop new cooperatives to combat economic inequality.
July 3 -
India’s top court refused to overturn a central bank ban on lenders from dealing in cryptocurrencies, a move that effectively outlaws the nascent industry in Asia’s third-largest economy.
July 3 -
Theft and money laundering are both thriving in the crypto world, according to a report released Tuesday by CipherTrace.
July 3 -
A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.
July 3 -
The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending.
July 2






















