The Commodity Futures Trading Commission (CFTC) has sued to stop New York’s attempt to halt the operations of prediction market Kalshi, which was announced Friday (July 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Several banking associations filed an amicus brief Tuesday (July 28) supporting a case that challenges an Oregon law (House Bill 4116) that caps interest rates charged by out-of-state banks, according to a Wednesday (July 29) blog post by law firm Ballard Spahr. Get the Full...
The CLARITY Act may not make it out of the Senate alive this year, but that may not be a fatal blow to the digital asset market. Speaking to CNBC’s “Squawk on the Street” program on Monday (July 27), Securities and Exchange Commission (SEC) Chairman...
The Federal Communications Commission (FCC) has blocked the importation, marketing or sale of new foreign-produced mobile robots and connected power inverters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In 1996, Congress passed legislation requiring banking agencies to address unneeded regulatory burdens. 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....
Until Monday (July 27), the odds favored Minnesota becoming the first state to make operating or advertising a prediction market in the state a felony starting Aug. 1. But a federal judge has blocked the law from taking effect, at least for now. Get the...
The New York State Department of Financial Services (DFS) secured a $50 million penalty from Swedbank AB and its New York branch in a case in which the regulator alleged that the bank withheld information from investigators. Get the Full Story Complete the form to unlock this...
The Federal Reserve wants to make it easier for some eligible institutions to connect directly to its payment services without giving them everything that comes with a Master Account. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cross-border payments platform Wise said Friday (July 24) that it will submit a new application for a U.S. national trust bank charter after the Office of the Comptroller of the Currency (OCC) denied the original application it submitted over a year ago. Get the Full...
