Wells Fargo announced late last week that it has agreed to pay $480 million to settle a securities fraud class-action suit. 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...
Ripple Labs, the cryptocurrency startup behind the XRP tokens, is being accused in a new lawsuit of running a scam to raise hundreds of millions of dollars via unregistered XRP coins, reported Bloomberg. Get the Full Story Complete the form to unlock this article and...
To find companies that may be using software to fix prices, EU regulators may create their own algorithms. European Competition Commissioner Margrethe Vestager said that it’s now easy for price collusion to occur, Reuters reported. Get the Full Story Complete the form to unlock this article...
PHH Corporation has decided not to appeal a case that questioned the constitutionality of the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Despite Republican plans to scale back on Dodd-Frank, its co-author is optimistic the legislation will survive. 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...
In a bid to save money, Mick Mulvaney is considering moving dozens of employees of the Consumer Financial Protection Bureau (CFPB) to the basement of its Washington headquarters, while relocating the others to Dallas. Get the Full Story Complete the form to unlock this article...
So now it’s official. In the latest staffing moves at the Federal Trade Commission (FTC), on the heels of a raft of confirmations last week, Joseph Simons has been sworn in as FTC chairman. Get the Full Story Complete the form to unlock this article...
Customer due diligence rules are changing via FinCEN, with a focus on identifying and monitoring beneficial owners. Trulioo GM Zac Cohen notes that the nuances in making sure that FIs are on the "up and up" -- and short circuiting bad actors -- go far...
Banks and credit card companies are looking at ways to pinpoint gun purchases via their payment systems in what could be the first step in restricting purchases of guns. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
