Another member of the GOP has announced he won’t seek re-election in 2018. This time it’s Rep. Jeb Hensarling, who will retire from Congress at the end of his term as chairman of the House Financial Services Committee. Get the Full Story Complete the form...
In banking news, Keith Noreika, the acting U.S. Comptroller of the Currency, is trying to make it easier for Wells Fargo to pay employees when they leave the embattled financial institution, relaxing a restriction put in place last year when the bank’s fake account scandal...
The Consumer Financial Protection Bureau (CFPB) has launched a new online tool that tracks mortgage delinquencies nationwide. 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...
Last week, at the end of an otherwise dramatic day on Capitol Hill, the Senate managed to pull off something of a twist ending: the repeal of the CFPB’s arbitration rule via a Senate vote that invoked the Congressional Review Act (CRA) to prevent the rule from ever...
China is increasing regulations on websites that offer cash loans, amid growing concerns about lax regulation in the fast-growing market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Five states’ attorneys general are investigating why exactly it was that Equifax didn’t disclose its data breach for almost six weeks after its discovery. Said breach left the personal data of 145.5 million American compromised. Get the Full Story Complete the form to unlock this...
The arbitration clause rule has been formally smacked down by the U.S. Senate — after the 50-50 tie vote was broken by VP Mike Pence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A software engineer from Florida was slapped with a 16-month prison term late last week after a court found him guilty of scamming to aid an illegal bitcoin exchange. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
HSBC and Standard Chartered, the two U.K. banks, are facing a review by the country’s financial regulators and the Serious Fraud Office to determine whether they are linked to the corruption scandal in South Africa. Get the Full Story Complete the form to unlock this...
