A consumer advocacy group said that potential changes to the Consumer Financial Protection Bureau’s complaint system could make it harder for people to file complaints about credit reporting companies, debt collectors, banks and other businesses. Get the Full Story Complete the form to unlock this...
The House Financial Services Committee convened Wednesday (Feb. 4) for a marathon session on financial sector stability lasting roughly five hours, characterized by sharp ideological divides and procedural maneuvering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Nevada Gaming Control Board filed a civil enforcement action Monday (Feb. 2), seeking to stop Coinbase from offering certain event contracts in the state. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Community banks still trade on proximity and relationships, but their appeal now hinges just as much on whether they can deliver modern digital services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Digital financial services giant Nu received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a new national bank in the United States, according to a Thursday (Jan. 29) press release. Get the Full Story Complete the form to unlock this...
Food processing and commodities trading corporation Archer Daniels Midland (ADM) reached Wednesday (Jan. 28) a $40 million settlement with the Securities and Exchange Commission (SEC) to resolve allegations that the company defrauded investors by artificially inflating profit margins in its nutrition segment, according to The...
Frankfurt prosecutors and the Federal Criminal Police Office conducted searches at Deutsche Bank’s premises Wednesday (Jan. 28) as part of an investigation into allegations of money laundering involving bank staff, according to a Wednesday (Jan. 28) report from Bloomberg. Get the Full Story Complete the...
Eleven banking and credit union groups sent a joint letter to members of Congress, urging the lawmakers to reject the Credit Card Competition Act (CCCA) and any expansion of the Durbin amendment. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Bank of Scotland, a subsidiary of Lloyds Banking Group, has been fined £160,000 (about $219,000) by a British regulator for breaching a sanctions law targeting Russia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
