Tag: FDIC

Klarna, the global digital bank and flexible payments firm, has filed applications to set up its own bank in the United States. The company has...

Embedded finance, the invisible layer stitching lending widgets into e-commerce dashboards, insurance upsells into ride-hailing apps, and payroll advances into HR platforms, has quietly...

Yotta Technologies, a San Francisco-based savings and sweepstakes platform, has been ordered to pay a $1m penalty by California's Department of Financial Protection and...

Reputational risk has long played a prominent role in how U.S. financial institutions assess and manage threats to their business models, earnings, and operational...

A single consent order can dramatically change the direction of a bank’s compliance programme. For many institutions, this enforcement measure represents a pivotal moment...

US federal bank regulators have announced the withdrawal of their Principles for Climate-Related Financial Risk Management for large financial institutions, marking a shift in...

The Bank Secrecy Act (BSA), enacted in 1970, remains a cornerstone of the United States’ fight against financial crime. Its purpose is to ensure...

Faced with rising regulatory scrutiny and ever-growing workloads, internal audit teams within banking institutions are under immense pressure. In 2024, oversight from regulators such as...

Banks in the US will benefit from greater flexibility in collecting Taxpayer Identification Numbers (TINs) under new Customer Identification Program (CIP) rules from FinCEN, the OCC and the FDIC.

The Federal Deposit Insurance Corporation (FDIC) has announced three enforcement actions against Discover Bank, headquartered in Greenwood, Delaware, in response to longstanding issues with...