Legal & Regulation

Legal & Regulation
EU Reaches Deal On Marketplace Regs
February 18, 2019

As far as eCommerce drama goes, the running tension that defines the relationships among the European Union and U.S.-based companies such as Amazon, Facebook and Google has little competition. Now comes the next chapter in the story: An effort by the EU to crack down...

Bank Regulation
Yes Bank’s Statement On RBI’s Audit May Have Mislead
February 18, 2019

Yes Bank is facing criticism by the Reserve Bank of India, which contends disclosures from an audit report were released in an effort to mislead the public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Brexit To Bring ECB Scrutiny To Bear On Banks
February 15, 2019

Brexit backlash? 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 our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from...

Bank Regulation
Wells CEO To Appear Before House Banking Committee
February 15, 2019

The CEO of financial giant Wells Fargo, Timothy Sloan, is expected to appear alone before the House Financial Services Committee so it can scrutinize the bank’s recent abuse scandals, according to a report in The Wall Street Journal. Get the Full Story Complete the form...

Legal & Regulation
SLPs Not Complying With UK Rules, And Not Being Punished
February 14, 2019

Nearly half of the U.K. corporate structures that are tied to money laundering don’t meet the ownership regulation, but haven’t faced any punishment since the rules aren’t enforced, reported the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
Amazon Faces An Inquiry In Austria Over Its Dual Roles
February 14, 2019

Amazon is under fire in Austria, with the Austrian Federal Competition Authority reviewing the firm’s dual role as a leading retailer and a platform for small merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

AML
SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congress
February 14, 2019

Legal marijuana sellers want bank accounts just like any other business. Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. Get the Full Story Complete the form...

Legal & Regulation
Apple, IBM CEOs To Advise On Trump Workforce Policy
February 14, 2019

Apple CEO Tim Cook and IBM CEO Ginni Rometty have been appointed to President Donald Trump’s advisory board that aims to direct the future of workforce policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Lawmakers Mull Overhaul Of Student Debt System
February 14, 2019

A proposed law aims to completely overhaul the student loan system by having monthly bills automatically deducted from borrowers’ paychecks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....