The Federal Trade Commission is considering an enforcement policy that would put businesses on notice that using personal data to set individualized prices without adequate disclosure could violate federal consumer protection law. Get the Full Story Complete the form to unlock this article and enjoy...
U.S. banking regulators are racing the clock to complete a new federal rulebook for payment stablecoins before the GENIUS Act takes effect in January. The Office of the Comptroller of the Currency (OCC) is now targeting November for its final regulations. Get the Full Story...
The Office of the Comptroller of the Currency (OCC) will have a final rule implementing the GENIUS Act out by November, Comptroller of the Currency Jonathan V. Gould said Wednesday (Aug. 19) at the Wyoming Blockchain Symposium. Get the Full Story Complete the form to unlock this article and...
Banks repeatedly perform similar due diligence on technology providers, and an industry-standards effort involving the federal regulators would make portions of that work reusable across institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Commodity Futures Trading Commission (CFTC) is seeking comment on the listing of compute derivatives contracts as it prepares to establish the “gold standard” for trading this commodity that powers the artificial intelligence economy, the regulator said in a Wednesday (Aug. 19) press release. Get...
The Federal Deposit Insurance Corporation is considering an industry-led standards organization that could certify FinTech companies and other bank service providers against common risk-management benchmarks, potentially reshaping how banks vet and oversee outside partners. Get the Full Story Complete the form to unlock this article...
A trial to determine whether Meta purposely made its apps addictive to children is underway in California. 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...
Congress is considering a major rewrite of federal financial privacy law that could offer banks and other financial companies a consequential bargain: substantially stronger consumer rights over financial data in exchange for a single national privacy regime. Get the Full Story Complete the form to...
As the Treasury Department prepares to implement the GENIUS Act, it is seeking comment on its proposed framework for how to decide when a payment stablecoin issuer needs to obtain a GENIUS license as well as when and how payment stablecoins can be offered and sold...