Securities and Exchange Commission (SEC) Chairman Gary Gensler is changing directions in the argument over whether or not cryptocurrencies are securities, signalling a change in tactics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The buy now, pay later (BNPL) industry has once again drawn the ire of U.K. regulators. 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...
A Block spokesperson told PYMNTS Friday (Aug. 19) that the company is “disappointed” that the Consumer Financial Protection Bureau (CFPB) has filed a petition for a federal judge to force it to comply with the bureau’s investigation into Block’s Cash App tool. Get the Full...
In a policy letter that read like part announcement and part warning, the Consumer Financial Protection Bureau (CFPB) put FinTechs on notice in April, with CFPB Director Rohit Chopra saying a little-used provision of the Dodd-Frank Act is now being employed to scrutinize nonbanks more...
Billionaire Mark Cuban is being sued over allegations that he misled investors to put money into now-bankrupt crypto lender Voyager Digital, a class-action lawsuit filed in Miami states, calling the platform “a massive Ponzi scheme.” Get the Full Story Complete the form to unlock this...
German regulators are reportedly considering whether Microsoft should fall within the scope of new competition rules, as they have determined several other big tech companies do. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The federal Commodities Figure Trading Commission (CFTC) filed civil charges against an Ohio man and his three companies, alleging he perpetuated a digital asset trading scam much like a “Ponzi scheme” that bilked would-be investors of at least $12 million. Get the Full Story Complete...
The Federal Trade Commission (FTC) is sending over $9.7 million in payments to 61,990 customers who the FTC said were charged hidden fees from LendingClub, an FTC press release said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Investors will be allowed to pursue some of their claims against Robinhood Markets Inc. stemming from a 2021 GameStop frenzy, a federal judge in Miami ruled, according to Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
