In what is its first investigation into cryptocurrency markets, the Federal Trade Commission (FTC) is looking into the Bitmark currency exchange over the December 2021 hack that cost consumers $200 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
India’s central bank has issued new guidelines designed to add oversight to digital lending apps and the lenders who work with them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Consumer Financial Protection Bureau (CFPB) is warning digital marketing companies working with financial firms that they must comply with federal law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A faulty algorithm caused overdraft penalties for automated savings withdrawals for customers of Hello Digit and it has neglected to make good on promises, the Consumer Financial Protection Bureau (CFPB) said in an enforcement action on Wednesday (Aug. 10). Get the Full Story Complete the...
Global business payments company FleetCor has announced that it will appeal the ruling in a case involving the company’s fuel card business in the U.S. brought by the U.S. Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and...
Federal regulators are set to issue a proposal that would — among other things — require large hedge funds to reveal their cryptocurrency exposure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Rep. Maxine Waters (D-Calif.) has said credit reporting firm Equifax and its leaders should be held accountable for selling erroneous credit scores to lenders, and should be prevented from selling reports until it proves problems were fixed and controls are in place. Get the Full...
The U.S. Justice Department could sue Google within the next month, which could address the long-held issues that parent company Alphabet abuses its position at the forefront of digital advertising, Bloomberg wrote. Get the Full Story Complete the form to unlock this article and enjoy...
In the fourth admission to violations of U.S. law among top figures at BitMEX, the crypto exchange’s former head of development pleaded guilty to failing to put compliance programs in place. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
