U.S. Rep. Ayanna Pressley of Massachusetts has introduced new legislation that would require the Consumer Financial Protection Bureau (CFPB) to regulate the debt collection industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The United States Federal Reserve has passed new rules which lower the liquidity and capital requirements for most banks, as well as easing other restrictions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Federal Reserve officials are worried that slowing global growth, exacerbated by the U.S.-China trade war, could sap domestic hiring and economic activity, triggering a recession, The Financial Times reported on Wednesday (Oct. 9). Get the Full Story Complete the form to unlock this article and...
More than 20 online eCigarette retailers are being sued by New York City for allegedly selling to children. 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...
Germany’s state-owned savings and cooperative banks are moving forward with discussions that could create a powerful financial association with $286 billion in assets and a staff of 11,000, the Financial Times reported on Wednesday (Oct. 9). Get the Full Story Complete the form to unlock this...
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EU merchants, PSPs, and FIs watched as the strong customer authentication (SCA) deadline passed — then went right back to asking questions that regulators haven’t answered. The problem lies with regulators like the EBA, which lack an EU-wide SCA rollout plan, says Nicolas Adolph, chairman...
The Facebook probe announced by attorneys general in September now has 40 states signed on to investigate allegations of the social media giant’s anti-competitive practices, The Washington Post reported on Monday (Oct. 7). Get the Full Story Complete the form to unlock this article and...
As of Sept. 14, the legal deadline for the strong customer authentication (SCA) requirement of the Second Payment Services Directive (PSD2) came and went. However, as is often the case when big ecosystems attempt wide and systemic changes, things have not gone quite according to plan....
