Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the...
The heads of the Commodity Futures Trading Commission (CFTC) and the Securities Exchange Commission (SEC) are slated to testify in front of Congress on Tuesday (Feb. 6), and are expected to call for more oversight of cryptocurrencies, including bitcoin. Get the Full Story Complete the...
The U.S. Justice Department has charged two men for allegedly hacking ATM machines in order to illegally obtain cash from them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
President Donald Trump and his administration are facing complaints from consumer protection advocates, who are advocating for a reopening of the investigation into the Equifax data breach. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
China dealt bitcoin and cryptocurrency trading a major blow on Monday (Feb. 5) after it blocked all websites that enable cryptocurrency trading and initial coin offerings (ICOs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Joseph Simons, a retired partner at Paul, Weiss, Rifkind, Wharton & Garrison, LLP, is President Donald Trump’s pick to head up the Federal Trade Commission, and would pick up enforcement of antitrust under his charge. Simon was nominated to replace acting Chairwoman Maureen Ohlhausen. Get...
Shares of Wells Fargo skidded Monday (Feb. 5) in the wake of news that the Federal Reserve is taking action against the bank for the numerous scandals that have dominated headlines in the last few years. Get the Full Story Complete the form to unlock...
Oh, Canada, Open Banking and finTech innovation? No frozen landscape there, if regulators look toward a recent study of competition (and cooperation) across payments stakeholders. Plus, bitcoin gets no credit while the CFPB scores a point on the (make the in the) courts.
Wells Fargo is replacing four members of its board and will be prevented from growing beyond a certain asset level under a rare action by the U.S. Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
