The Bank of England (BoE) published a report on Thursday (March 24) suggesting that a new legal framework to regulate crypto assets is needed, but most notably, the report focuses on stablecoins and the need to bring them under the Bank´s remit to control any...
Decentralized finance is a growing threat to economic stability that must be reined in and regulated by international cooperation. 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...
The European Central Bank (ECB) plans to end easy collateral terms that commenced at the start of COVID-19 and tighten banks’ access to liquidity, the bank announced Thursday (March 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has said the new report from the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) “underscores the critical importance of fair and accurate appraisals in residential real estate.” Get the Full Story Complete the form...
The company that was hired to bring GameStop Corp. out of a slump in 2019 has filed a lawsuit to recover $30 million in unpaid debt, Bloomberg reported Tuesday (March 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Pavel Vrublevsky, founder of Russian payment technology company ChronoPay, has been charged in Moscow with money laundering. 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...
Europe’s proposed artificial intelligence (AI) rules should try to benefit from the technology instead of hindering it, an EU lawmaker told Reuters this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The U.K. Payment System Regulator (PSR) is a fundamental piece of the regulatory payment landscape in the U.K. It has powers to set standards, impose requirements regarding system rules, require operators to provide direct access to payment systems and even investigate companies’ practices. Get the...
The Consumer Financial Protection Bureau (CFPB) on Tuesday (March 22) unveiled policy guidance on “potentially illegal practices related to consumer reviews,” saying it “seeks to ensure that customers can write reviews, particularly ones posted online, about financial products and services that accurately reflect their opinions...
