The regulatory pressures on banks is not only fierce, it’s also continually changing, forcing financial institutions (FIs) to invest vast resources to stay on top of evolving rules. Regulation has undoubtedly acted as a catalyst to major financial services trends in areas like small business...
The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. 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...
Charges from the recently enacted tax laws had an outsized impact on the latest quarterly results from Bank of America, just as they did for its big bank brethren. But underneath the headlines, earnings and other metrics largely came in above expectations. Get the Full...
The U.S. Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Grab, the Southeast Asia ridesharing company, has inked a deal to acquire iKaaz, the mobile payment startup hailing from India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Mark Calabria, chief economist for Vice President Mike Pence, warned Wednesday (Jan. 17) that a financial regulatory relief legislation will have to get in line behind other policy initiatives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Consumer Financial Protection Bureau (CFPB) under Acting Director Mick Mulvaney is seeking out public comment to ascertain if the government watchdog agency is fulfilling its mission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Equifax may be working to rebuild its reputation after a massive data breach exposed the information of millions of its customers, but the public still has a lot to say about the company. They’re turned to the Consumer Financial Protection Bureau (CFPB) to complain in...
When Nordstrom launched Reserve Online & Try In Store in 2016, the retailer sought to provide more smartphone experiences to their customers. Through the program, busy shoppers could choose items via Nordstrom’s mobile app and then head to a store to try them on. Get...
