Welcome to another edition of Washington Weekly, the series in which PYMNTS CEO Karen Webster and QED Investors partner Amias Gerety start their conversation with a Manic Monday check-in. The weekly question: How manic is this Monday? Well, turns out this Monday — even if...
Whether a reworking or an outright rescission of the Consumer Financial Protection Bureau’s open banking rule is on the horizon, some of the most basic tenets of data-sharing underpinning financial innovation will be front and center throughout the next few months. The President Donald Trump...
Three financial regulators are scrambling following the President Donald Trump administration’s latest round of personnel cuts. Over 2,300 staffers across the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency and the Securities and Exchange Commission are set to be laid off,...
The Federal Trade Commission (FTC) said Wednesday (April 30) that it is sending $18.5 million in refunds resulting from a settlement it reached in June 2023 with Publishers Clearing House (PCH). The settlement followed an FTC complaint alleging that PCH made misleading claims that harmed...
Cryptocurrency and FinTech executives say Great Britain has become an unwelcoming place for their businesses. That’s according to a report Wednesday (April 30) by CNBC, citing interviews with industry leaders who say the United Kingdom risks losing companies to other tech hubs if it can’t solve regulatory...
Wells Fargo said the Consumer Financial Protection Bureau terminated a consent order related to the company’s compliance risk management program. The order was issued in 2018 and is the 12th consent order closed by regulators since 2019 and the sixth since the start of the...
The Trump Administration is streamlining some regulations to support the development of autonomous vehicles (AVs), Secretary of Transportation Sean Duffy said Thursday (April 24). “This Administration understands that we’re in a race with China to out-innovate, and the stakes couldn’t be higher,” Duffy said in a...
The European Commission fined Apple 500 million euros (about $566 million) and Meta 200 million euros (about $226 million) Wednesday (April 23), saying the companies violated the Digital Markets Act (DMA). Apple breached the DMA’s anti-steering obligation by imposing restrictions that prevent app developers from...
PYMNTS Intelligence has spotlighted the appeal of on-demand wages, as the ability to break free from the two-week pay cycle allows workers to manage cash flow and their expenses in a more fluid manner. In the “No-Wait Wages: Leveraging Instant Payments to Boost Employee Satisfaction”...
