In recent months, the Consumer Financial Protection Bureau (CFPB) has increased the use of soft tools, such as advisory opinions, circulars or blog posts, to complement its rulemaking authority. These tools, which are more on the advocacy side than on the enforcement side, are arguably...
The Secretary of the Treasury on Thursday (July 7) delivered to President Biden a report suggesting that more engagement with foreign counterparts and in international organizations is needed if the U.S. wants to make sure that digital assets around the world respect America’s core values...
The Consumer Financial Protection Bureau (CFPB) on Thursday (July 7) handed down new data privacy and cybersecurity regulations to dictate how companies can use and share credit reports and background reports under the Fair Credit Reporting Act. Get the Full Story Complete the form to...
Digital payments FinTech Flutterwave has denied any wrongdoing after a court in Kenya froze its bank accounts. 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...
Today the U.K. Prime Minister announced his resignation, and this decision may delay the adoption of new regulation on crypto assets and Buy Now Pay Later sector. In addition to Boris Johnson, more than 40 high-ranked officials have resigned, leaving important key positions at government...
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration, and the Office of the Comptroller of the Currency (the agencies), on Wednesday, July 6, issued a joint statement urging...
A possible resignation of Boris Johnson as leader of the Tory party and Prime Minister in the U.K. may lead to a reshuffle of the cabinet and the need to fill key important positions in the government and other departments like the Treasury, which would...
The Competition and Markets Authority (CMA), the U.K.’s antitrust watchdog, is looking into Microsoft’s deal to buy Activision Blizzard for $68.7 billion, Reuters reported Wednesday (July 6), looking at whether this would cut competition in the country. Get the Full Story Complete the form to...
Graff Diamonds, a British luxury jeweler, has paid a ransom in bitcoin of $7.5 million to Conti, the Russian hacking gang which leaked data on the company’s big clients last year, Bloomberg reported Wednesday (June 6), citing a London lawsuit. Get the Full Story Complete...
