Compliance

The industry has essentially reinvented the fight against fraud and financial crime using advanced analytics and other cutting-edge technologies

The CFPB has proposed an interpretive rule to expand Electronic Fund Transfer Act protections to digital payment mechanisms

Multiple former Archegos employees are looking to receive compensation for the demise of Archegos Capital Management

The use of generative AI for risk and compliance applications is now a reality for financial institutions

On December 3, 2024, the Office of the Comptroller of the Currency published an updated UDAAP section

The lawsuit accuses the FCA of unlawfully excluding thousands of customers from a bank compensation scheme

The increases are primarily targeted at large banks

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