The Reserve Bank of India (RBI) has announced a monetary penalty of Rs 1 crore (about $133,670) on Paytm Payments Bank for the charge of submitting information not reflecting the facts, Business Standard reported Wednesday (Oct. 20). That is an offense to the central bank’s Payments...
Denmark-based Danske Bank has come under fire for lackluster protocols in place following a money laundering scandal, according to a Wednesday (Oct. 20) report from the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Senate Democrats are divided in their support of President Joe Biden’s nomination to lead the Office of the Comptroller of the Currency (OCC) Saule Omarova and could scrap the choice ahead of a vote. Get the Full Story Complete the form to unlock this article...
Securities and Exchange Commission (SEC) Chairman Gary Gensler said the regulator is looking into whether or not payment for order flow needs to be changed or banned, with the objective of keeping the marketplace competitive, CNBC reported. Get the Full Story Complete the form to...
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Lawmakers on both sides of the aisle are backing legislation to reel in Big Tech firms and institute content restraints, aiming to deter the spread of harmful information and disallow dominant platforms from self-promoting their own products and services. Get the Full Story Complete the...
Five members of Congress sent a letter to Amazon CEO Andy Jassy asking for proof regarding some statements made by company executives — including then-CEO and Founder Jeff Bezos — and questioning if some may have lied while under oath during 2019 and 2020 investigations,...
A Google-owned artificial intelligence (AI) research firm is facing a class-action lawsuit over its use of the health records of 1.6 million patients in the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
China is looking into boosting its antitrust bureau’s status within the market regulatory agency to further fight monopolies, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
