The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported. Get the Full Story...
In order to prevent cybersecurity attacks, U.K. banks are going to have to take chances investing in new technologies at a time when the banks are spending more than the country’s prison system is spending to fight crime. Get the Full Story Complete the form to...
With Europe’s new data protection law coming into effect this week, activists are aiming to turn the tables on big companies that have long harvested data on customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A bill that would give regional banks a break on regulation won approval in the U.S. House of Representatives on Tuesday (May 22), with the bill now headed to President Trump for his expected signature. Get the Full Story Complete the form to unlock this...
While U.S. states got the nod from the Supreme Court to allow betting on sporting games, it still faces challenges as to how those bets are placed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
It’s happened again. 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 form, you agree to receive marketing communications...
The deadline cometh. Today (May 11) is the day the final rule, served up by the Financial Crimes Enforcement Network (FinCEN), takes effect. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Britain’s financial watchdog, the Financial Conduct Authority (FCA), has come under attack from former small business owners who have complained about being mistreated by big banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
After workers reportedly didn’t get rest breaks, allowed by California’s strict labor rules, Wells Fargo will have to pay $97 million to private mortgage bankers and home mortgage consultants in the state based on both hourly pay and commissions, American Banker reported. Get the Full...
