The White House’s move to appoint Joseph Otting as the Comptroller of the Currency in November underscores the changing relationship between the nation’s largest banks and the federal government. Otting is the first banker in decades to run the OCC. Get the Full Story Complete...
USAA, the insurance company and bank serving current and former military members and their families, filed a federal lawsuit against Wells Fargo Bank over its use of USAA’s RDC technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Distributed ledger startup Ripple is facing another lawsuit over its XRP cryptocurrency. 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...
Snap Inc. (NYSE: SNAP), the maker of the disappearing messaging app Snapchat, saw a court ruling that gave investors the green light to pursue a lawsuit involving its initial public offering (IPO). Get the Full Story Complete the form to unlock this article and enjoy...
As financial institutions grapple with compliance costs, a finance industry organization in Asia wants regulators to allow new technologies that could help them fight money laundering. For example, the Asia Securities Industry and Financial Markets Association (ASIFMA) would like to see more use of know your...
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, has ousted the 25 members of the agency’s Consumer Advisory Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The U.S. Senate has unanimously passed a bipartisan bill that will increase the Small Business Administration’s authority over the Small Business 7(a) loan program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The next round of fights over credit card fees looks like it is gearing up to begin in Washington as Walmart and other retailers are joining forces with credit card processors in an attempt to push lawmakers and regulators to give them a seat at...
The Washington Attorney General is suing Facebook and Google over political ads that ran in the state. 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...
