Jay Clayton, the chief of the U.S. Securities and Exchange Commission (SEC), urged European Union and U.K. lawmakers to prepare for a no-deal Brexit, which could potentially wreak havoc on markets across the globe, Financial Times reported. Get the Full Story Complete the form to...
The Financial Conduct Authority (FCA) announced Tuesday (Dec. 18) that U.K. banks made more than $3.03 billion from charging overdraft fees last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Tax season looms. Firms would do well to examine the latest standard mileage rates published by the IRS — and more. Motus’ Chief Legal Officer steers PYMNTS to the questions that must be asked and answered along a journey toward compliance (and corporate strategies) tied to...
The European Banking Authority (EBA) told European banks on Monday (Dec. 17) to prepare for Brexit and the possible sudden withdrawal of Britain from the European Union, according to a report from Reuters. Get the Full Story Complete the form to unlock this article and...
Bruno Le Maire, France’s economy minister, announced today (Dec. 17) that he wants France to start taxing big tech giants beginning Jan. 1, 2019, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has assessed a $14.5 million fine against UBS Financial Services (UBSFS) for willful violation of the Bank Secrecy Act, according to a treasury report. Get the Full Story Complete the...
Robinhood, the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from that, removing any mention of checking and savings from the product. Get the Full Story Complete the form to unlock...
In an effort to help authorized push payment (APP) fraud victims, The U.K.’s Financial Conduct Authority (FCA) unveiled new rules on Friday (Dec. 14). As a result, additional banks or payment services providers (PSPs) may have to compensate victims of those kinds of scams, Financial...
Multiple regulators issued a joint statement encouraging banks to embrace innovation when it comes to battling financial crime. In an interview with PYMNTS, DLA Regulatory and Compliance Policy Advisor, Paola Ronquillo weighs in on what’s changed, and what hasn’t, in the wake of the joint...
