January 2018 may be a ways off, but PSD2 is going to change the way banks share customer information and APIs. And while some industry observers think it’s the worst thing that ever happened to banks, Token CEO Steve Kirsch says that it’s a blessing in...
In the fallout of Wells Fargo’s scandal over unauthorized customer accounts, regulators may force publicly-traded banks to adhere to in-person of sales practices and procedures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A new month, a new batch of complaints to the CFPB from consumers. 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....
The Consumer Financial Protection Bureau (CFPB) released a report Monday (Oct. 24) showcasing several market developments that could help consumers. In its report, dubbed “Project Catalyst report: Promoting consumer friendly innovation,” the CFPB said developments from FinTech startups, as well as traditional financial services companies,...
The ranking member of the Antitrust Subcommittee of the House Judiciary Committee, U.S. Rep. Henry “Hank” Johnson (D-GA), and other lawmakers have called on the Federal Trade Commission to investigate reports of anticompetitive activity in the app marketplace. Get the Full Story Complete the form...
Given Samsung’s recent run of troubles — and the fact that said troubles issue from an exploding phone — it was likely just a matter of time before the lawsuits began. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
One in three rehabilitated student loans borrowers will default — again — within two years. That’s according to a new report out from the Consumer Financial Protection Bureau’s (CFPB) Student Loan Ombudsman. Get the Full Story Complete the form to unlock this article and enjoy...
The extent of cybersecurity attacks on financial institutions is much greater than reports show, especially in the U.K. Data from Britain’s Financial Conduct Authority (FCA) show that U.K. banks conceal many cyberattacks to keep their reputations intact and to avoid punishment. Shlomo Touboul, Chief Executive...
According to financial services watchdog FINMA, about 15 Swiss banks are exposed to the risk of money laundering — or are in what they the call the “red zone.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
