The Federal Reserve sent Wells Fargo & Co. back to the drawing table with its plan to prevent consumer abuses in the future obligation of or guaranteed, rejecting its plan and calling on the bank to put in place stronger checks on management. Reuters, citing...
A research group affiliated with two tech giants is calling for more regulation of facial recognition and other artificial intelligence (AI) tools. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
European lawmakers voted to spruce up legislation aimed at tech giants to put a stop to unfair business practices, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
U.S. Senators Sherrod Brown and Marco Rubio have called for a ban on confessions of judgement, a tactic predatory lenders use to make borrowers forfeit the right to defend themselves in court, according to a report from Bloomberg. Get the Full Story Complete the form...
Mastercard incurred a $650 million fourth-quarter charge related to a large fine over a 2015 EU antitrust investigation, Reuters reported on Tuesday (Dec. 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
European Union finance ministers worked out a plan for combating money laundering and also made a deal on major bank reform on Tuesday (Dec. 4), according to reports from Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Federal Trade Commission announced Tuesday (December 4) it is seeking comment on whether the agency should make changes to rules requiring financial institutions and creditors to take certain steps to detect signs of identity theft affecting their customers. Get the Full Story Complete the...
Visa and Mastercard are offering to cut fees that are paid by merchants on tourists’ card payments made in the European Union — an effort that would help end an antitrust investigation in the region. Get the Full Story Complete the form to unlock this...
A Senator who represents Long Island City, where Amazon plans to build another headquarters, has drafted legislation that would essentially make it illegal to buy or sell real estate based on non-public government action, according to a report from The Wall Street Journal. Get the...
