U.K. regulators on Thursday (Dec. 5) called on banks and payment firms to set “impact tolerances” for important services after numerous IT failures last year, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
If presidential hopeful Sen. Elizabeth Warren (D-Massachusetts) gets into the White House, it is expected that the finance industry – bank mergers in particular – will be put under a microscope, The New York Times reported on Wednesday (Dec. 4). Get the Full Story Complete...
Federal banking regulators support using alternative methods to assess creditworthiness to help high-risk people get loans, The Wall Street Journal (WSJ) reported on Tuesday (Dec. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A California college student has filed a lawsuit against TikTok, accusing the viral video service of sending her personal data to its parent company in China, as well as creating an online profile for targeted advertising without her consent. Get the Full Story Complete the...
Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
In the years ahead, might there be a greater number of smaller financial institutions (FIs) offering remittance services? 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...
The Trump administration thought about removing China’s Huawei from the U.S. financial network earlier this year, Reuters exclusively reported on Tuesday (Dec. 3), citing three sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the Bank Secrecy Act (BSA) for financial institutions (FI) offering services to those businesses, the Office of the Comptroller of the Currency (OCC) said...
Facebook’s planned cryptocurrency Libra may see increased regulatory oversight, at least if new legislation introduced in the U.S. Congress comes to pass. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
