The Consumer Financial Protection Bureau (CFPB) has ended financial services provider Payactiv’s Sandbox Approval Order for its earned wage access products. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Today in TechREG, European Union negotiators have reached an agreement about the scope of anti-money laundering (AML) rules for cryptocurrency transactions. While most of the transactions will need to be recorded and reported to the authorities if requested, some small transactions among unhosted wallets may...
The Consumer Financial Protection Bureau (CFPB) on Wednesday (June 29) issued an advisory opinion warning debt collectors that most “pay-to-pay” fees that they often charge violate federal law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As the first Department of Justice indictment comes down on an insider trading scheme for non-fungible tokens (NFTs), it remains to be seen how the DOJ will work with the wider NFT community, Bloomberg reported Wednesday (June 29). Get the Full Story Complete the form...
Today in TechREG, allegations of fraud and scams against Walmart, Wells Fargo and Zelle followed very different paths. Whereas the lawsuit against the banking giant and the digital payment network was dropped, the Federal Trade Commission (FTC) sued the retailer in court. Also, EU lawmakers...
Last week, on June 24, the U.K. Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) issued two different statements about the future of open banking and the role that the Joint Regulatory Oversight Committee will play in this endeavor. Interestingly, both regulators called...
The European Parliament will hold the last plenary session before the summer recess from July 4 to July 7, and lawmakers are rushing to get all the legal texts ready for a vote. As expected, the schedule for the next plenary session is packed with...
The Federal Trade Commission has sued Walmart alleging that its money transfer services were corrupted by fraudsters — which reportedly resulted in customers being “fleeced out of hundreds of millions of dollars,” according to a Tuesday (June 28) press release from the consumer watchdog. Get...
States can issue their own fair credit reporting laws that protect residents, the U.S. Consumer Financial Protection Bureau (CFPB) said in a ruling Tuesday (June 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
