The Consumer Financial Protection Bureau (CFPB) should use its authority under Regulation E and the Electronic Fund Transfer Act (EFTA) to protect consumers from payment scams on peer-to-peer (P2P) services like Zelle, according to a letter sent to the agency by six U.S. Senators, all...
American and Canadian cannabis companies saw their stocks rise Wednesday (July 20) ahead of a U.S. Senate hearing on possible federal marijuana decriminalization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The U.K. is credited with launching the first regulatory sandbox in 2016, and since then the concept has spread across the world, with an additional 72 FinTech sandboxes implemented in close to 60 jurisdictions, according to World Bank data. Get the Full Story Complete the...
European Union antitrust regulators said they have found new evidence in an investigation into Apple prompted by streaming music rival Spotify. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In 2021, policymakers around the world raised concerns that crypto assets were too big to be left unregulated and regulation was needed to offer more security to investors and consumers. Most of the major economies promised new rules for 2022, and lawmakers are delivering. After...
The British government on July 19 set out plans to bolster the competitiveness of the U.K. as a global financial center to compete with Wall Street and consolidate its position in Europe after Brexit. Get the Full Story Complete the form to unlock this article...
The director of the Securities and Exchange Commission’s (SEC) enforcement division told a House subcommittee Tuesday (July 19) that he needs more people to handle the agency’s cryptocurrency actions — after nearly doubling the size of the unit in May. Get the Full Story Complete...
A 2018 internal memo written for Meta Platforms CEO Mark Zuckerberg and other company executives shows that Facebook was more concerned about business threats caused by its Instagram and WhatsApp apps and additional internal products than it was about competition with other social media platforms....
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