American Express’s card rules for merchants prompted debate at the Supreme Court Monday, as the justices considered whether to revive a government antitrust lawsuit challenging the company’s approach, reported The Wall Street Journal. Get the Full Story Complete the form to unlock this article and...
Federal Reserve Vice Chairman for Supervision Randal Quarles says that any worries that the agency is looking to relax rules or even reduce capital levels is simply unfounded. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Dodd-Frank no more – or no more “no more” Dodd-Frank? 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...
Royal Bank of Scotland (RBS) was slammed by U.K. lawmakers, who published a report on Tuesday (Feb. 20) that details how RBS mistreated companies that were struggling during and after the financial crisis. Get the Full Story Complete the form to unlock this article and...
When Donald Trump ascended to the presidency, he promised to radically scale back the reach and power of Dodd-Frank, the 2010 law designed to rein in excesses on Wall Street. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Facebook in Europe was dealt a new blow after a judge ruled the company ran afoul of privacy laws. 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...
U.S. Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the Office of the Comptroller of the Currency (OCC) and the U.S. Department of Justice (DOJ), said were violations of the Bank Secrecy Act....
Streamlined money transfer applications dominated regulatory news this past week as seven states took the initiative to make it easier for traditional FIs and fintechs to broaden their reach across the nation. PYMNTS spoke with Charles Clark, acting director of the Washington State Department of...
Wells Fargo & Co.’s Chief Executive Tim Sloan said at an investor conference Tuesday (Feb. 13) that the asset cap imposed on it by the Federal Reserve hasn’t changed anything. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
