Legal & Regulation

Bank Regulation
EU Regulator Loosens Requirements For Bank Mergers
January 26, 2020

Europe’s main banking regulator, an arm of the ECB, is trying to make it easier for the continent’s financial lenders to merge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
DOJ To Review Liability Law For Online Content Companies
January 26, 2020

The U.S. Department of Justice (DOJ) is organizing a workshop to review a federal law that predominantly releases websites from legal culpability for anything their users post on their platforms, government sources told news outlets on Friday (Jan. 24). The Information reported that such a...

Bank Regulation
Wells Faces Continued Scrutiny After Scandals
January 24, 2020

Wells Fargo’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are continuing and don’t show any signs of abating any time soon, according to a report by Reuters. Get the Full...

Legal & Regulation
Takeaway.com’s Just Eat Buyout Faces Regulatory Setback
January 24, 2020

After a British competition body said it would probe its purchase of Just Eat, food delivery firm Takeaway.com said the forecasted timetable for its takeover would be longer than expected. Takeaway.com said in a statement that Just Eat would be known as Just Eat Takeaway.com...

AML
Worldpay On Staying One Step Ahead of eCommerce Fraud
January 24, 2020

The world of eCommerce fraud changes so unpredictably that merchants often struggle to defend against all possible lines of attack — rendering old-school tactics like rules engines ineffective. But artificial intelligence (AI)-based behavioral analytics can take over where legacy methods fall short. In this month’s...

Bank Regulation
Ex-Wells CEO Fined, Banned From Banking For Life
January 23, 2020

Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. government, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
EU Countries Gain Ability To Exclude ‘High-Risk’ 5G Suppliers
January 23, 2020

New guidelines from the European Union (EU) allow for countries to restrict or exclude “high-risk” 5G providers from important parts of their telecom networks, according to Reuters. The news means that Chinese 5G provider Huawei Technologies could be affected.  Get the Full Story Complete the...

AML
Worldpay On Modernizing Security Defenses To Foil eCommerce Fraud
January 23, 2020

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, you agree to receive marketing communications from PYMNTS and...

Legal & Regulation
Supreme Court Won’t Review Facebook’s Privacy Violation Case
January 22, 2020

In a blow to Facebook, the Supreme Court won’t decide whether or not people can sue the social media giant for using facial recognition technology on their photos without consent, according to reports. Get the Full Story Complete the form to unlock this article and...