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CFPB releases open banking standards

CFPB releases open banking standards

The new rules will outline the requirements for recognition in the industry
Jefferies: TD fines could reach $4 Billion

Jefferies: TD fines could reach $4 Billion

Toronto Dominion Bank could face fines of $4 billion relating to money laundering charges in the United States
Swiss Regulator Seeking Increased Authority

Swiss Regulator Seeking Increased Authority

Regulator is seeking ability to name and shame banks in breach of rules
Digital Payment Options Emerge as Top Payment Methods

Digital Payment Options Emerge as Top Payment Methods

More than half (57%) of consumers plan to spend most of their income online in 2024
Large Banks Unaware of Risks from CRE Exposure

Large Banks Unaware of Risks from CRE Exposure

Impact of CRE exposure on community banks has overshadowed the risk to larger banks
Bank Profits Rose by 79% in Q1

Bank Profits Rose by 79% in Q1

Community bank profits also increased by $4.3 billion
Illinois Limits Interchange Fees

Illinois Limits Interchange Fees

The first-of-its-kind bill bans the collection of interchange fees on taxes and tips
Bank Data Signals an Increasingly Cautious Consumer and Small Business Owner

Bank Data Signals an Increasingly Cautious Consumer and Small Business Owner

Consumer spending on credit cards and debit cards have only grown by 3.5% year over year
CFPB Introduces Rules for Buy Now, Pay Later Lenders

CFPB Introduces Rules for Buy Now, Pay Later Lenders

Consumers have been granted the right to dispute buy now, pay later lenders
Debit Cards Remain Most Popular Payment Method

Debit Cards Remain Most Popular Payment Method

Nearly three-quarters of customers use a debit card at a physical or online point of sale
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