Kathy Kraninger, the director of the U.S. Consumer Financial Protection Bureau (CFPB), has asked Congress for the ability to pay whistleblowers in an attempt to incentivize them to speak out, according to a report by Reuters. Get the Full Story Complete the form to unlock...
Walmart’s Flipkart is facing yet another antitrust probe in India following a request by an appellate tribunal to look into whether the company took advantage of its eCommerce market position in the country, according to a report by Reuters. Get the Full Story Complete the...
Fifth Third Bank said it’s facing enforcement action from the Consumer Financial Protection Bureau (CFPB) over alleged openings of unauthorized accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. Bank, a subsidiary of U.S. Bancorp, with a $450,000 civil penalty for his negligence in failing to intercept breaches of the Bank Secrecy Act (BSA), FinCEN announced on...
The Supreme Court heard arguments about whether a sitting U.S. president has the authority to fire the leader of the Consumer Financial Protection Bureau (CFPB), which was formed after the financial crisis, according to the Financial Times. Get the Full Story Complete the form to...
The Supreme Court on Tuesday (March 3), possibly inched closer to a decision that would allow the Securities and Exchange Commission (SEC) to recoup money from fraudsters, according to a report from the Associated Press. Get the Full Story Complete the form to unlock this...
Andrew Tyrie, chairman of the Competition and Markets Authority (CMA), a competition regulator in the U.K., said his fellow regulators have been too soft on digital mergers, and consumers have suffered as a result, according to the Financial Times. Get the Full Story Complete the...
Super Tuesday and the ongoing presidential contest dominate the headlines today, but in the marble halls of Washington, DC, there is a contest brewing of another sort – perhaps with longer-lasting implications for financial services than who will occupy the Oval Office through 2024. Get...
New York City has sued Guesty, a startup that provides services for listing on Airbnb and other home-sharing sites, in an escalation of a feud between the city and the startups, according to Bloomberg. Get the Full Story Complete the form to unlock this article...