Varo Money, the digital banking fintech that has investment backing from Warburg Pincus, filed for a national banking charter and deposit insurance, putting the Trump administration’s policy to extend bank charters to fintechs to the test. Get the Full Story Complete the form to unlock...
Banks’ bottom lines may get a boost from deregulation from Capitol Hill. 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 daily newsletter, PYMNTS Today. By...
In an act that some are calling a governmental attempt to “mute a consumer megaphone,” the Trump administration is looking to make the complaints logged by consumers into the CFPB complaints data base private (as opposed to publicly available, as they now are). Get the...
In the midst of tense Senate Intelligence Committee testimonials about Russia’s involvement with the U.S. election, there are talks circulating of the two countries working together to form a cybersecurity working group to combat the plethora of cybercrime and fraud cases stemming from online hackers....
Keith Noreika, the temporary head of the Office of Comptroller since May, is defending an idea that first came up under his predecessor Tom Curry: offering online lenders and FinTech startups banking charters. Noreika notes that the initiative will be good for making the United...
Despite its recent passage by the CFPB, it looks like the rule banning mandatory arbitration in financial contracts is facing yet another obstacle — this one from the banks’ main regulator, the Comptroller of the Currency. Get the Full Story Complete the form to unlock...
The CFPB opens the door to class action suits, and possibly trial lawyer riches, while across the pond, some warnings on regulatory compliance rumble, and Barclays begins ring-fencing efforts.
Uber was dealt a bit of a blow Thursday (July 13) when its drivers won a victory in its fight to be counted as employees rather than independent contractors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The latest annual report by the Payments System Regulator, which oversees the British payments industry, debuted Thursday – and gives a nod to the competitiveness of the industry as a whole and the ways in which FinTech is changing the very nature of competition. Get...
