Legal & Regulation

Legal & Regulation
Bitcoin ETFs Raising Serious Concerns For The SEC
January 19, 2018

The SEC has said it will not approve cryptocurrency exchange-traded funds (ETFs) until its concerns about best protecting investors are fully met. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

CFPB
CFPB Director Says He’ll Make Do With Existing Budget
January 18, 2018

Mick Mulvaney, President Donald Trump’s appointed acting director of the Consumer Financial Protection Bureau (CFPB), did not request any funding for the watchdog agency in the second quarter budget. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Treasury Eyes Cryptocurrencies For Money Laundering
January 18, 2018

The U.S. Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Trump Administration Delays Financial Regulatory Relief Bill
January 18, 2018

Mark Calabria, chief economist for Vice President Mike Pence, warned Wednesday (Jan. 17) that a financial regulatory relief legislation will have to get in line behind other policy initiatives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB Asks Public How It’s Doing
January 18, 2018

The Consumer Financial Protection Bureau (CFPB) under Acting Director Mick Mulvaney is seeking out public comment to ascertain if the government watchdog agency is fulfilling its mission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
Equifax Most Complained About Financial Company In 2017
January 18, 2018

Equifax may be working to rebuild its reputation after a massive data breach exposed the information of millions of its customers, but the public still has a lot to say about the company. They’re turned to the Consumer Financial Protection Bureau (CFPB) to complain in...

Legal & Regulation
It’s Official: CFPB To Reconsider Payday Rule
January 17, 2018

The payday lending arena could get help from the Consumer Financial Protection Bureau (CFPB), with acting director Mick Mulvaney saying the CFPB will “reconsider” rules regarding the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Wells Fargo’s Bid To Dismiss Predatory Lending Suit Rejected
January 17, 2018

Wells Fargo’s effort to toss out a lawsuit lodged by the city of Philadelphia failed, with the judge paving the way for the city to go after the embattled bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
Congress Receives Petition To Make Cannabis Banking Legal
January 17, 2018

Congress has a new petition to review: This one is from a bipartisan group of 18 attorneys general from states that have legalized recreational and medical marijuana and would like access to banking in the industry. Get the Full Story Complete the form to unlock...