Ant International, a global provider of digital payment, digitization and financial artificial intelligence (FinAI) solutions, has received a Payment Institution (PI) license from the Central Bank of Brazil, the company said in a Thursday (Sept. 3) press release. The PI license will strengthen Ant International’s local and cross-border payment capabilities...
On the eve of Chinese President Xi Jinping’s visit to Washington, where artificial intelligence governance and competition will be on the agenda, the Trump administration on Tuesday (Sept. 1) jumped into one of the highest profile lawsuits over the use of copyrighted material to train...
London-based financial infrastructure platform OpenPayd finalized its integration of MSB USA Inc., securing 43 state money-transmitter licenses, according to a Wednesday (Sept. 2) press release. The release noted that the expansion establishes a regulated U.S. footprint, bypassing the lengthy state-by-state licensing process to immediately support...
House Republicans are proposing a rewrite of the statutory framework that governs how the Consumer Financial Protection Bureau makes rules, supervises financial institutions and brings enforcement actions. The Consumer Financial Protection Accountability and Reform Act of 2026, introduced Monday (Aug. 31) as H.R. 10184 by...
The Federal Deposit Insurance Corporation has prevailed in a case stemming from Silicon Valley Bank’s collapse. As Reuters reported Monday (Aug. 31), a federal judge has ruled that the former parent company of the bank (SVB) cannot pursue a $1.71 billion claim against the regulator...
A federal appeals court has handed state gaming regulators a significant victory in their jurisdictional battle with the Commodity Futures Trading Commission, ruling that Nevada may subject Kalshi’s sports-event contracts to its gambling laws. The unanimous Ninth U.S. Circuit Court of Appeals decision deepens a...
The European Union said ChatGPT qualifies for greater oversight by its antitrust regulator. OpenAI’s chatbot has been designated a Very Large Online Search Engine (VLOSE) under Europe’s Digital Services Act, the European Commission said in a Monday (Aug. 31) press release. The commission also...
A court’s ruling that sports event contracts are not swaps that are regulated exclusively by the Commodity Futures Trading Commission (CFTC) set the stage for a Supreme Court case, a CFTC spokesperson told PYMNTS Friday (Aug. 28). The statement came after a Friday ruling in a...
The Office of the Comptroller of the Currency (OCC) issued two revised policies and procedures manuals and proposed amendments to Violations of Laws and Regulations framework Thursday (Aug. 27), saying in a press release that these moves will focus supervisory attention on the most significant risks and violations....