10 January 2025 EBA tightens ESG rules as climate risk grows The European Banking Authority has announced its decision to tighten ESG rules for banks and financial institutions, amid growing climate risks
09 January 2025 New Section 1071 Rules Put Banks Under the Compliance Microscope Federal regulators have targeted unfair lending practices for more than a decade, with the fallout from the 2008 financial crisis prompting the introduction of numerous new rules designed to protect consumers from predatory lenders
09 January 2025 CFPB picks FDX to set open banking standards The nonprofit will craft standards for consumer data sharing between financial institutions for the next five years
09 January 2025 RTP payments surged 38% last year The high-speed payments system operated by The Clearing House also saw the value of transactions nearly double last year over 2023
09 January 2025 PAObank and Mybooster introduce a cross-border ecommerce revolving loan PAObank , a digital bank in Hong Kong tailored for SMEs, has partnered with Mybooster (Shenzhen) to introduce a cross-border ecommerce revolving loan
09 January 2025 Ally lays off hundreds of employees The digital bank also said this month that it's exploring strategic alternatives for its credit card business
09 January 2025 Regions Bank partners with Axway to improve Open Banking capabilities Regions Bank has announced a collaboration with Axway , a data integration technology provider, to implement the Amplify Open Banking platform
09 January 2025 doxo launches doxoBILLS to improve household bill pay experience doxo has introduced doxoBILLS, its household bill pay platform with six features that improve the bill payment experience into one app