Consumer Financial Services (TRBC)

As big U.S. banks let customers delay payments, loan losses remain unclear

As big U.S. banks let customers delay payments, loan losses remain unclear

Published 17/07/2020

NEW YORK (Reuters) - Major U.S. bank executives this week said they extended forbearance programs to millions of credit card, auto loan and mortgage customers [more…]

U.S. consumer watchdog removes ‘ability-to-pay’ need from final payday loan rule

U.S. consumer watchdog removes ‘ability-to-pay’ need from final payday loan rule

Published 08/07/2020

WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau on Tuesday issued its long-awaited payday lending measure that rescinds an Obama-era proposal requiring lenders first [more…]

Big Four told to ring fence auditing in Britain by June 2024

Big Four told to ring fence auditing in Britain by June 2024

Published 06/07/2020

LONDON (Reuters) - PwC, Deloitte, KPMG and EY should ring fence auditing in Britain as a separate business by June 2024, their regulator said on [more…]

EU banks to take on Visa, Mastercard with new payments system

EU banks to take on Visa, Mastercard with new payments system

Published 02/07/2020

LONDON/PARIS (Reuters) - Sixteen banks from Germany, France and three other euro zone countries on Thursday said a “truly European” payments system was expected to [more…]

More Britons take a bet on bitcoin

More Britons take a bet on bitcoin

Published 30/06/2020

LONDON (Reuters) - The number of people in Britain buying cryptoassets like bitcoin BTC=BTSP and ether has more than doubled over the past year, but [more…]

Fed launches long-awaited Main Street lending program

Fed launches long-awaited Main Street lending program

Published 15/06/2020

NEW YORK (Reuters) - The Federal Reserve said on Monday it had opened registration for lenders interested in participating in its Main Street Lending Program, [more…]

Explainer: How Fed’s Main Street program compares to other small business pandemic aid

Explainer: How Fed’s Main Street program compares to other small business pandemic aid

Published 15/06/2020

(Reuters) - The Federal Reserve on Monday launched its latest life raft for U.S. businesses hurt by the coronavirus pandemic. Administered by the Boston Fed, [more…]

U.S. Federal Reserve resumes normal bank exams

U.S. Federal Reserve resumes normal bank exams

Published 15/06/2020

WASHINGTON (Reuters) - The U.S. Federal Reserve announced Monday it was resuming its normal bank examination activities, after easing back at the outset of the [more…]

Facebook’s WhatsApp brings digital payment to users in Brazil

Facebook’s WhatsApp brings digital payment to users in Brazil

Published 15/06/2020

NEW YORK (Reuters) - Facebook Inc’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money to [more…]

U.S. bank regulator finalizes new community lending rule

U.S. bank regulator finalizes new community lending rule

Published 20/05/2020

WASHINGTON (Reuters) - A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks. [more…]