In a recent letter to the European Commission signed by online music streaming companies Spotify, Deezer and German internet company Rocket Internet, among others, organizations have reportedly accused tech giants of “[abusing] their privileged position” and anticompetitive behavior. Get the Full Story Complete the form...
Uber’s list of recent woes seems to have gotten a bit longer as unnamed sources are telling media outlets that the Department of Justice has launched a probe into software Uber allegedly used to help divers evade detection by law enforcement in localities where the...
U.S. Treasury Secretary Steven T. Mnuchin announced Wednesday (May 3) that he is plans to appoint Keith Noreika as a Deputy Comptroller and designate him the First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC). Get the Full Story Complete the...
The Dodd-Frank Wall Street and Consumer Protection Act was supposed to prevent another 2008 banking meltdown — and solve the problem of “too big to fail.” But as it was in the process of being put into place, small banks and credit unions found themselves...
Today in Washington, President Donald Trump is scheduled to sign three new executive actions designed to jump start a review of tax codes and financial regulations — specifically rules set out under the Dodd-Frank financial reforms. Get the Full Story Complete the form to unlock...
As became public knowledge late last year, Wells Fargo spent years creating fraudulent accounts for customers without their consent. While much attention has been paid to Wells’ behavior, today a new player is in the spotlight — Wells Fargo’s regulator the Office of the Comptroller...
The financial crisis still has lessons relevant to today’s world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
Hotels have apparently had enough of Airbnb taking their business and are ready to strike back to protect their turf — including pushing a federal investigation into whether home-sharing apps like Airbnb are running up housing prices and the New York bill that limits how...
The UK’s Financial Conduct Authority (FCA) is calling for the creation of an international regulatory framework for FinTech startups to prevent a so-called “Wild West” approach to governance of the FinTech market. Get the Full Story Complete the form to unlock this article and enjoy...
