Facing a world where data aggregation has become increasingly complex and dangerous, the CFPB has released a series of non-binding principles that are designed to help protect consumer data after it’s been authorized for a third-party use by that consumer. Get the Full Story Complete...
The Financial Industry Regulatory Authority (FINRA) announced news on Monday (Oct. 16) that it has ordered Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network to pay more than $3.4 million in restitution for making bad recommendations of volatility-linked, exchange-traded products (ETPs). Get the...
The American Express antitrust case is back — and is now going to the court of last resort. 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...
Kansas City businessman Scott Tucker was found guilty on racketeering charges for interest rates of as much as 700 percent on short-term loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The president of the Federal Reserve Bank of St. Louis, James Bullard, warned Thursday (Oct. 12) that banking regulators in the U.S. need to pick up the pace in their efforts to confront the risks created by FinTech companies to the banking sector. Get the...
Ohio announced that it is extending its ban on doing business with Wells Fargo because the bank “still has work to do” when it comes to assisting consumers and fixing its internal problems. Get the Full Story Complete the form to unlock this article and...
The Independent Community Bankers of America (ICBA), the trade group for community banks, is calling on the Federal Deposit Insurance Corporation (FDIC) to deny a federal deposit insurance application by payment terminal company Square. Get the Full Story Complete the form to unlock this article...
The Consumer Financial Protection Bureau (CFPB) made big waves, and generated a lot of headlines, with news last week that the final draft of its short-term loan regulations had finally dropped like an anvil onto the heads of the short-term lending industry, particularly on segments dealing with products like...
The National Retail Federation (NRF) and EuroCommerce have announced they are working together to develop a unified approach on implementing new EU data protection regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
