European financial leaders believe technology players like Facebook and Google are moving in on their turf, abetted by the fact that they don’t face the same regulatory limitations their counterparts in traditional banking do. Get the Full Story Complete the form to unlock this article...
Interim director Mick Mulvaney may not be able to completely shutdown the government agency he currently runs — but he is surely working overtime to make sure that the CFPB does as little as humanly imaginable while he is at its helm. Get the Full...
Mexico’s eCommerce market is being investigated by the country’s antitrust agency, which on Thursday alleged potential monopoly tactics aimed at hurting smaller rivals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Mick Mulvaney, the acting director of the Consumer Finance Protection Bureau, received questions from Senator Elizabeth Warren of Massachusetts, the head Democrat on the House Financial Services Committee and Rep. Maxine Waters of California as to why new payday laws aren’t being implemented. Get the...
The Consumer Financial Protection Bureau (CFPB) wants more insight into the use of administrative adjudications and sent out a Request for Information (RFI) to get it. Administrative adjudication is a proceeding the CFPB uses in which a formal adversarial proceeding is conducted by an administrative...
The Consumer Financial Protection Bureau (CFPB) scored a victory Wednesday (Jan. 31) when a U.S. appeals court ruled the President can only remove the head of the watchdog agency with a specific cause, such as a dereliction of duty or engaging in wrongdoing. Get the...
The Supreme Court is gearing up to hear whether the antitrust case against American Express has merit -- or not. Just as there are two sides to every story and every legal argument, there are two sides in this market -- a two sided market,...
In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial firm seeking to launch what might be the largest initial coin offering (ICO) in history. In addition, the agency was...
Credit unions and banks joined forces to call on lawmakers Monday (Jan. 29) to bring a bill to the floor for a vote that would reform certain areas of the Dodd-Frank Act. Get the Full Story Complete the form to unlock this article and enjoy...
