Britain’s Financial Conduct Authority (FCA) has said the Financial Ombudsman Service, which handles complaints from financial companies and customers, will be able to raise fine amounts and in turn allow for more compensation to customers and businesses, according to reports. Get the Full Story Complete...
In an effort that could limit Silicon Valley’s growth, U.S. Senator Elizabeth Warren (D-Mass.) has put out a plan to break up large tech firms like Facebook and Amazon. The idea is said to be the clearest proposal of its kind in the presidential race...
PSD2 launched in January 2018 and has been active in the European Union for a little over a year now, meaning that banks, merchants and customers are becoming used to it and its accompanying data privacy law, GDPR. Because of these new regulations, however, businesses...
The Consumer Financial Protection Bureau came under fire from the House Financial Services Committee, which is now controlled by Democrats, during a hearing Thursday (March 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Reserve Bank of India (RBI) made a move on Thursday (March 7) to relax the rules for white-label ATM operators, enabling them to purchase wholesale cash from the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes to money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. to do so, according to a report by The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Federal Reserve has decided to relax some of the rules imposed on financial institutions (FIs) during the Obama administration, with a trio of changes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers...
