Tag: Regulation
CFPB to cap credit card late fees at $8 and increase accountability among issuers
CFPB Caps Late Fees on Credit Cards:Ruling by CFPB:The Consumer Financial Protection Bureau (CFPB) has finalized a ruling that limits late fees...
Banking Technology Magazine March 2024 issue out now
The March edition of Banking Technology Magazine highlights various developments in the fintech industry:Avenue Bank's Unrestricted Banking License:Avenue Bank, a digital business...
TransferGo hires former Western Union compliance head Simon McFeely as chief compliance officer
TransferGo, a cross-border payments fintech, has appointed Simon McFeely as its new Chief Compliance Officer.
The appointment is part of TransferGo's efforts to...
European Parliament authorises new regulations for instant money transfers
The European Parliament has adopted new regulations aimed at ensuring euro money transfers arrive in bank accounts "within ten seconds" throughout the EU.
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Fat Zebra bolsters CDR capabilties with acquisition of Aussie open data platform Adatree
Australian payments processor Fat Zebra has acquired Sydney-based Adatree, a platform for the Australian Consumer Data Right (CDR).
Adatree's platform allows companies in...
RBC’s US subsidiary City National Bank hit with $65m fine from OCC
The US Office of the Comptroller of the Currency (OCC) has imposed a $65 million fine on City National Bank, the US subsidiary...