From americanbanker.com
CFPB finalizes rule to supervise some Big Tech firms
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The Consumer Financial Protection Bureau has significantly raised the transaction threshold for its larger participant rule — which defines which firms will be affected — from 5 million annual payments to 50 million.
#banking #finserv #fintech #regulation
6h ago
From americanbanker.com
'Fundamental breakdown': How USAA landed in regulators' hot seat
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Amid steady customer growth, USAA's banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven't fixed the problems.
#banking #finserv #fintech #regulation
8h ago