PYMNTS
SEPTEMBER 21, 2020
21), Commerzbank recounted in a statement that the transactions detailed in the FinCEN files are “based entirely on reports made by Commerzbank to the responsible authorities, mainly in the period 2010 to 2016,” and that the bank had reached a settlement in 2015 to pay regulators about $1.5 In one example, reported on Monday (Sept.
PYMNTS
MARCH 10, 2020
It is also accused of violating the Dodd-Frank Wall Street Reform , created in the aftermath of the 2008 financial crisis, and the Consumer Protection Act of 2010, according to The Hill. 21, Wells Fargo agreed to a $3 billion settlement with the Justice Department and SEC to resolve the claims related to the bank’s fake account scandal.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
APRIL 20, 2017
The OCC started seeing similar reports as of 2010 — though at the time, it elected not to follow up. When the OCC did bring the issue of about 700 cases of whistle-blower complaints to a Wells Fargo executive in 2010, the regulator did not require the bank to provide adequate analysis of the problem.
Innovative Payments Association
FEBRUARY 24, 2025
While there has been much talk about closing the CFPB, that would require legislation, since it was created as part of the 2010 Dodd Frank Act. He also said that the CFPB would not take any new money from the Federal Reserve because it had $711.6
CB Insights
FEBRUARY 16, 2021
In 2010, for example, a programmer purchased pizza for 10,000 bitcoin (~$30). Further, stablecoins are making inroads with regulatory bodies like the US Office of the Comptroller of the Currency (OCC), which published new guidance in January 2021 for banks to use public blockchains and stablecoins for bank functions.
PYMNTS
AUGUST 3, 2018
Office of the Comptroller of the Currency (OCC) to allow FinTech companies to operate in all states, according to the same standards as banks — a move that would require the office to issue special charters to those younger payment and financial technology firms. Additionally, the report calls upon the U.S.
PYMNTS
JULY 17, 2017
The firm has been in business since 2010 and makes its money charging a small fee on every card transaction it processes. “If The Comptroller Urges Caution Around FinTech . “If you are an internet business, this unlocks a new, vast customer base,” said John Collison, president and co-founder of Stripe, in an interview.
Expert insights. Personalized for you.
Let's personalize your content