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Apple may be in hot water over reportedly anti-competitive behavior in France, with the country’s competition watchdog planning to fine the tech company, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Knowing what fraud risks challenge a merchant sector in the U.S. is not enough to safeguard that sector in other markets — and that could hurt payments processors operating on a global scale. Different social norms and customer-merchant expectations impact what fraud looks like in...
A new proposed law in Delaware would make it illegal for businesses to only accept cash, according to a report by the Associated Press. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The recent resignations of Wells Fargo board Chairman Elizabeth Duke and board member James Quigley drew criticism by Congress during the first hearing on Capitol Hill on Wednesday (March 11) about the bank’s fake accounts scandal, Bloomberg reported. Get the Full Story Complete the form...
Regulators are passing stricter policies, as well as cracking down on anti-money laundering (AML), Know Your Customer (KYC) and sanctions noncompliance. Fines related to noncompliance increased 160% between September 2018 and December 2019, in fact. This year also kicked off the implementation of the Fifth...
Just a bit more than four months into his tenure at the helm of Wells Fargo, new CEO Charlie Scharf faced pointed questioning from lawmakers on Capitol Hill about past scandals, the roadmap forward and whether the bank is too big to fail – or...
The march toward state-by-state regulation of Big Tech continues. 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 daily newsletter, PYMNTS Today. By completing this form,...
Wells Fargo Board of Directors Chair Elizabeth Duke has resigned days before she was scheduled to testify at a congressional hearing about the bank, according to reports on Monday (March 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...