Legal & Regulation

FDA Cracking Down On Online Sales Of E-Cigarettes
September 16, 2016

The U.S. Food and Drug Administration has begun cracking down on the online sale of e-cigarettes to minors, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
USDA Pushes To Include Food Stamps In Online Commerce
September 16, 2016

The USDA is attempting to recruit retail volunteers to join up for a two-year, nationwide pilot program that would allow low-income consumers to use SNAP benefits (historically known as “food stamps”) to purchase groceries online. Get the Full Story Complete the form to unlock this...

Legal & Regulation
Senators Question Wells CEO About Getting Some Manager Compensation Back
September 16, 2016

Arguing that committing a massive fraud that creates millions of phony consumer accounts should not be the sort of thing that banking executives should be allowed to get rich doing, lawmakers are beginning to ask Wells Fargo CEO John Stumpf some tough questions about just what...

Japan Government Says Apple, Google On Its List
September 15, 2016

Japan’s government is pointing the finger at Apple and Google, alleging that the two tech giants are violating the country’s anti-monopoly law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Bank Regulation
Boost For Cybersecurity Is A Bane For Banks
September 15, 2016

Banks may soon find themselves with a big bill for cybersecurity systems, as New York Governor Andrew Cuomo and the Department of Financial Services pursue bank regulations to protect against data breaches. But it’s great news for cybersecurity firms.

Currency Comptroller: New Plan Regulating Marketplace Lending
September 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
Wells Fargo’s Fraud Issues Don’t Seem To Have Been Present At Other Big Banks
September 13, 2016

As the fallout continues from last week’s revelations about Wells Fargo‘s “out-of-the-box” methods for upping consumer enrollment in their various products (which included signing consumers up for products without so much as getting their permission or even informing them), there seems to be some slightly...

Bank Regulation
The Wells Effect
September 12, 2016

Last week, the CFPB came down on Wells Fargo when it exposed its egregious business practices, all in the name of being focused on the customer. And for that, Karen Webster says, the CFPB should be commended for a job well done. Wells, on the...

European Commission Set to Propose New Telecom Regulations Next Week
September 09, 2016

Facebook’s WhatsApp, Apple’s FaceTime and Skype are all on the European Commission’s list, which would include tightening security regulations. After alluding to it last month, the commission is expected to release a revamped proposal of new regulations next week, which will likely include telecom and...