Regulation

Regulation
Australia’s Big Banks Defend Spending Millions On Outside Auditors
August 05, 2019

Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
US Senators Introduce Anti-Monopoly Legislation
August 03, 2019

Two U.S. Senators, Amy Klobuchar and Richard Blumenthal, proposed legislation on Friday (Aug. 2) that would make it easier to penalize Big Tech companies for antitrust violations, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and...

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Comment Period Extended For CFBP Debt Proposal
August 02, 2019

The Consumer Financial Protection Bureau (CFPB) has extended the comment period for its Notice of Proposed Rulemaking (NPRM) before it implements the Fair Debt Collection Practices Act (FDCPA), according to a press release. Get the Full Story Complete the form to unlock this article and...

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UK Regulator Says Stablecoins Are EMoney
July 31, 2019

The Financial Conduct Authority (FCA) has issued updated guidance on the U.K.’s cryptocurrency market. 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...

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Albania Rolling Out E-Invoicing System To Ensure Tax Compliance
July 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Citigroup Fined $1.25M For Background Check Infractions
July 29, 2019

The Financial Industry Regulatory Authority (FINRA) has fined Citigroup’s global markets business $1.25 million for not performing background checks on thousands of non-registered employees for a period of seven years, according to a report by Reuters. Get the Full Story Complete the form to unlock...

Regulation
EU Courts: Companies Accountable For Data From Facebook’s ‘Like’ Button
July 29, 2019

Third-party websites using Facebook’s “Like” button are responsible for processing people’s data under the European Union’s privacy rules, the EU’s top court ruled on Monday (July 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Alcohol Sales Banned On Facebook, Instagram
July 26, 2019

While alcohol and tobacco sales were already prohibited on Marketplace, Facebook is now extending the policy: Sales of those products will not be allowed any longer between users on Facebook or Instagram, CNBC reported. Get the Full Story Complete the form to unlock this article...

Regulation
IRS Cracking Down On Crypto-Holding Taxpayers
July 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. Get...