The cryptocurrency industry has had a busy week following all the regulatory proposals in the United States, the United Kingdom and Europe, from tougher rules in the European Union, which require companies to hold and share more information from users, to a possible favorable new...
The Financial Crimes Enforcement Network (FinCEN) has imposed more than $600 million in fines for anti-money laundering (AML) violations in just 14 months (from January 2021 to March 2022). Recent data released by FinCEN suggests that depositary institutions and money service businesses (MSB) are increasingly reporting...
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The Consumer Financial Protection Bureau published on March 29 a report on credit card late fees where the regulator provided data about the amount of late fees charged by type of consumer. The main findings from the report are that credit card late fees have...
Apple has won support from the billionaire industrialist Koch brothers’ advocacy group in a court fight over anti-competition claims with Apple’s App Store, Bloomberg reported Thursday (March 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
After the agreement on the Digital Markets Act last week and the soon-to-be approved Digital Service Act, the EU is poised to use the political tailwind to continue with the modernization of its competition laws. Get the Full Story Complete the form to unlock this article...
A commercial litigator in the U.K. is filing a class-action lawsuit on behalf of a large group of clients contesting multilateral interchange fees (MIFs) charged by Visa and Mastercard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Student loan servicer Edfinancial Services lied to borrowers about their forgiveness and repayment options, the Consumer Financial Protection Bureau said Wednesday (March 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The U.S. Department of Justice (DOJ) is accelerating its investigation into whether Google Maps’ practice of bundling the service with other Google software goes against anti-competition practices, Reuters reported Wednesday (March 30). Get the Full Story Complete the form to unlock this article and enjoy...
