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Connecticut moves to regulate EWA

Payments Dive

The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.

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Discover shares pricing error findings with regulators

Payments Dive

Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.

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U.S. Regulators to Bank Boards: “Debt is Good”

Perficient

The regulators feel that this proposed LTD rule would: Improve the resolvability of these banking organizations in case of failure, Potentially reduce costs to the Deposit Insurance Fund, and Mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors.

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Avoiding AML compliance penalties – Tips from a former regulator

Abrigo

Regulators take risk seriously, and knowing just how much risk your institution can take while remaining compliant is essential. The credit union was not reviewing 314(a) requests, not conducting independent testing, and could not provide regulators with a meaningful risk assessment.

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Managing Default Rates: A Balancing Act in a Multistate Lending Environment

Unlock the secrets to optimizing returns while navigating complex state regulations. Explore the nuances of maintaining a consistent lending approach amidst varying state-specific regulations, economic landscapes, and borrower demographics.

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The State of Liquidity & Regulation in Banking

South State Correspondent

Regulation Last Thursday, the Biden administration released their “ Fact Sheet ” that called on banking regulators to enforce stricter regulations on mid-sized banks, which can be implemented without congressional support. The move will increase the cost of compliance and the cost of capital.

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BNPL regulation requires balancing act

Payments Dive

“As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry's growth and limit its availability,” writes one checkout services CEO.