The story goes something like this: During the reign of drug kingpin Pablo Escobar — estimated to have supplied up to 80 percent of the cocaine to the U.S. at the height of his business — his cartel was taking in so much cash that the...
Indian activists with the New Delhi-based Centre For Accountability And Systemic Change (CASC) and right-wing activist K.N. Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws,...
The Federal Reserve wants to change some of its regulations so that smaller banks don’t have to handle the same scrutiny and paperwork as bigger institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A new report finds that it’s tough to regulate what one cannot define — and that’s true in FinTech credit, a nascent industry where the definitions of who does what can be a bit nebulous. Separately, the CFPB is taking aim at regulations governing payday lending.
National Australia Bank chief executive Andrew Thorburn and chairman Ken Henry are leaving amid criticism of their leadership at the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
September approaches, of course (as it always does) – but this time, with a red-letter day on the 13th as PSD2 takes effect. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The next chapter in the ongoing saga that is payday loan regulation officially began yesterday (Feb. 6), with the announcement that the Consumer Financial Protection Bureau (CFPB) will overhaul a series of 2017 payday loan regulations, set to go into effect in August 2019. The...
As part of a move to revise a payday loan regulation from the Obama era, the Trump administration on Wednesday (Feb. 6) revealed a plan to remove a provision that would make it harder for companies to provide customers with high-cost loans, according to a...
The Indian government is going after social media apps run by Chinese companies, gearing up to create new regulations that will force them to oversee the content being shared. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
