Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. The New York Department of Financial Services took interest in the matter after reports emerged in the New York Post that questioned whether the...
A group of academics appointed by EU antitrust regulators say tech companies should be compelled to share data with each other, as an alternative to breaking them up, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
President Donald Trump signed off on a memorandum Wednesday (April 3) aimed at curbing the sale of counterfeit goods, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Legalized cannabis has a huge cash payments problem – as in, operators have too much, given federal restrictions in the U.S. that have largely prevented the use of cards and digital payments. That introduces friction and more risks of theft into this growing area of...
The U.K.’s Financial Conduct Authority has issued a warning to consumers regarding certain risks inherent in peer-to-peer loans held in individual savings accounts, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
If you can’t beat em…join ‘em? Facebook’s Mark Zuckerberg pushes for more government regulation of the internet – and cites GDPR as a model. Elsewhere, Google goes to the Oval Office.
Open banking is here, but baby steps abound as financial firms grapple with PSD2’s fragmented landscape. Token.io CEO Steve Kirsch tells PYMNTS that giving users full control over what happens with their financial lives means addressing PSD2’s elephant in the room: standardized APIs.
Recent headlines have been dominated by payday lending rules and Wells Fargo. But there have been a few other trends taking shape, as crypto regulation has been gathering steam beyond U.S. shores, from Pakistan to Bermuda.
For foes of robocalls, there came a bit of poetic justice in recent weeks, courtesy of John Oliver, host of the weekly HBO comedy-news program “Last Week Tonight.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
