The Kenyan National Assembly is considering a law that would make mobile lenders in the country subject to central bank oversight, which would force them to reveal transactions fees and interest rates before they dole out loans. Get the Full Story Complete the form to...
Snap, the parent company of Snapchat, said the Department of Justice and the Securities and Exchange Commission are no longer investigating it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Department of Justice (DOJ) has bolstered the staff for its investigation into potential antitrust violations against Big Tech, adding Ryan Shores, a former partner in an international law firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
New York’s federal district court ruled that the U.S. Office of the Comptroller of the Currency (OCC) does not have the power to grant national charters to financial technology (FinTech) companies, The Wall Street Journal reported on Tuesday (Oct. 22). Get the Full Story Complete...
A proposed law created to increase competition in the tech sector would allow users to move their data between social media platforms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Recent short-term, or repo, lending issues have Sen. Elizabeth Warren worried that banks could potentially use the problems to justify easing regulations on the banking industry as a whole. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The head of the Financial Crimes Enforcement Network (FinCEN) has warned FinTech firms that they must abide by anti-money laundering (AML) laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
This week, the European Banking Authority (EBA) extended the deadline for Strong Customer Authentication (SCA) to Dec. 31, 2020. The news follows an earlier extension announced by the EBA in June 2019 that ensured companies would be given “limited” additional time. Get the Full Story...
The chair of the U.S. House Antitrust Subcommittee David Cicilline (RI-D) said he anticipates having a final report in early 2020 about big technology companies and any breaches of antitrust law, Reuters reported on Friday (Oct. 19). Get the Full Story Complete the form to unlock...