The European Commission launched three consultations on May 10, two related to the review of the second payment service directive (PSD2) and one about open finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Today in TechREG, the Consumer Financial Protection Bureau (CFPB) announced the creation of a new office in the agency to promote competition and innovation. When CFPB Director Rohit Chopra testified on Capitol Hill in April that he wanted to promote open banking principles and to...
When Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified on Capitol Hill in late April about the agency’s future plans to promote open banking principles and to deal with the “increasing threat” of Big Tech companies, the question of how to implement these plans...
Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), told an audience at a crypto event on Tuesday, May 24 that the recent events with TerraUSD and other stablecoins are clear evidence that the crypto economy is dependent on hype. ...
The Consumer Financial Protection Bureau (CFPB) has opened the Office of Competition and Innovation, to promote more competition and look into stumbling blocks for new marketing entrants, a CFPB press release said Tuesday (May 24). Get the Full Story Complete the form to unlock this...
The Consumer Financial Protection Bureau (CFPB) issued on Thursday, May 19 a new interpretative rule seeking to bolster the states’ enforcement actions to protect consumers. By clarifying the scope of state enforcement under the Consumer Financial Protection Act of 2010 (CFPA), the bureau expects states...
U.S. prosecutors planned to send a message to the largely offshore crypto industry this week about the cost of ignoring the anti-money laundering (AML) laws at the core of an important chunk of financial regulation. Get the Full Story Complete the form to unlock this...
The federal Consumer Financial Protection Bureau (CFPB) and the New York state attorney general filed a proposed judgment in federal court to settle its case against a group of debt collection firms that have a “history of deception and harassment,” according to a Monday (May 23)...
The finance ministers and central bank governors from the G-7 met in Germany last week to discuss global economic issues, including cryptocurrencies and central bank digital currencies (CBDCs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
