In the latest chapter of the Lending Club drama, on Thursday (May 19), it came to light that New York’s highest-ranking financial regulator has launched an official inquiry into the online alternative lender. The newest probe, as disclosed to The Wall Street Journal by an unnamed...
On Wednesday (May 18), the Consumer Financial Protection Bureau said that it, along with four other federal regulatory agencies, issued guidance covering the oversight of consumer deposit discrepancies. The agencies said that the interagency guidelines state that the banks should “avoid or reconcile” what is...
Socure announced a major upgrade to its digital identity verification solution, which now encompasses expanded compliance coverage and global watchlist filtering. 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...
President Trump, should it be so, could be gunning for a lot of folks, not least of them a pair much in the spotlight of Wall Street: Dodd and Frank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In a 405-page document by the United Kingdom’s Competition and Markets Authority (CMA), a number of proposals came to light that would encourage more competition and reform in retail banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Innovative technology is at the core of elements throughout the evolving payments space — and recently, that even includes regulation. PYMNTS recently spoke with Jon Jones, President of Trulioo, who shared his perspective on the emergence of “RegTech” (regulatory technology) as a vital sector that...
Things are looking up, for JPMorgan and for banking in general. 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 completing...
Uber is writing a new chapter in its estranged relationship with its driver community. 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 completing...
The Treasury Department released its "timely" assessment of the online lending industry after examining 100 online lenders. The assessment says that technology is a great enabler but to what end? The department has some thoughts on how to answer that question, and one of them,...
