There was a lot of news this week! Topics include: a lengthy report by Wells on how it will make amends and respond to consumer complaints, two large CFPB enforcement actions, discussion of Congress’ focus on financial services and cybersecurity, Fed considering ways to allow fintech access to payment system and analysis of the major merger of two core processors.
Industry News for the Week of January 28
Fed should open payments system to include fintech: Read here
Hurdles for de novo banks: Read here
Budget cuts and compliance: Read here
Congress has fintech and cybersecurity on its mind: Read here
Reflecting on Fiserv’s acquisition of First Data: Read here
OCC to host regional governance and risk workshops: Read here
CFPB enters into settlement with retailer for $11 million: Read here
CFPB enters into $3 million settlement with payday lender: Read here
Wells Fargo report promises changes and better reaction to consumer complaints: Read here
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