Geoswift, a provider of cross-border payment solutions between China and the rest of the world, announced Wednesday (Jan. 18) that its U.K. unit, Geoswift UK, has received authorization as a payment institution from the Financial Conduct Authority (FCA). With the authorization, Geoswift UK can conduct...
The financial regulatory landscape has been one fraught with questions as to how far regulation should, and can, go. Opponents targeting new regulations, The New York Times reported, have claimed that more rules would encroach on separation of powers. Get the Full Story Complete the...
The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. Get the Full Story...
On Tuesday (Jan. 17) top Democrats announced plans to defend the Consumer Financial Protection Bureau if President-elect Donald Trump moves forward with removing Richard Cordray as head of the CFPB upon being sworn in later this week, American Banker reported. Get the Full Story Complete...
The financial services regulator for the state of New York said Tuesday (Jan. 17) that it “formally opposed” charters that would let FinTech firms, including online lenders, operate nationwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The FTC is cracking down on robocall telemarketing businesses, announcing last week it cracked down on two such companies that have been making robocalls to consumers that have been on the National Do Not Call Registry since 2012 or even earlier. Get the Full Story...
Turns out not everyone is as happy as Uber was about this past summer’s $1.15 billion high-yield loan led by Morgan Stanley, along with help from Goldman Sachs, Barclays and Citigroup. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
On Thursday, a federal appeals court rejected the U.S. government’s request that it reconsider its decision allowing American Express to stop merchants from encouraging customers to use rival cards that charge lower fees. Get the Full Story Complete the form to unlock this article and...
In a world where corporate regulations are being targeted across most industries by the newly installed Republican Congress and the incoming new administration in the White House, the rumble may become a roar for Internet privacy regulations. Get the Full Story Complete the form to...
