Paul Anthony Pierce

Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist OrderRead More

The FCA Backs STAR Initiative for Consumer Duty Accreditation

After its damning January review, the UK’s Financial Conduct Authority (FCA) has delivered a series of ‘Dear CEO’ letters to members of the consumer-facing financial industry in preparation for the arrival of the highly-anticipated Consumer Duty.  As the whole world awaits the arrival of the FCA’s consumer duty, the regulator’s recent correspondence with industry executives […]

Diner’s Club Ecuador Sees First Digital Bank Launched in Country with Temenos

Temenos announced that Diner’s Club Ecuador has gone live with Temenos Core Banking, Payments and Analytics on the cloud with Amazon Web Services (AWS). The completion of the project marks the launch of Diner’s Club Ecuador as the first digital bank in the country. Diners Club Ecuador was the first issuer of credit cards in […]

Mortgage rates jump to 6.32%

Mortgage rates climbed higher for the second consecutive week, following four weeks of declines. Inflation is running hotter, making rates more volatile, with the expectation that they will move in the 6% to 7% range over the next few weeks.Read More

Biden reshuffles economic team midway through first term

President Joe Biden’s economic team is taking new shape midway through his first term and as he gears up for an expected reelection bid, with the White House Tuesday officially naming Federal Reserve Vice Chair Lael Brainard as his top economic adviser and nominating Jared Bernstein to serve as his chair for the Council of […]