Regulation

Currency Comptroller: New Plan Regulating Marketplace Lending
September 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Wells Fargo’s Fraud Issues Don’t Seem To Have Been Present At Other Big Banks
September 13, 2016

As the fallout continues from last week’s revelations about Wells Fargo‘s “out-of-the-box” methods for upping consumer enrollment in their various products (which included signing consumers up for products without so much as getting their permission or even informing them), there seems to be some slightly...

European Commission Set to Propose New Telecom Regulations Next Week
September 09, 2016

Facebook’s WhatsApp, Apple’s FaceTime and Skype are all on the European Commission’s list, which would include tightening security regulations. After alluding to it last month, the commission is expected to release a revamped proposal of new regulations next week, which will likely include telecom and...

Regulation
FTC Bans Payday Debt Relief Operation From Industry
September 09, 2016

A debt relief operation, which went by the names “Payday Support Center” and “Infinity Client Solutions,” has been banned by the Federal Trade Commission from the debt relief business under a settlement with the FTC. Get the Full Story Complete the form to unlock this...

Regulation
The FAA Just Says No To The Samsung Galaxy Note 7
September 09, 2016

The FAA does not take kindly to phones that are likely to explode mid-flight. And in that light, it is somewhat unsurprising that the U.S. federal air safety regulator is singling out the Samsung Galaxy Note 7. Once reports started emerging that a small handheld...

Regulation
New York Rules On Payroll Debit Cards Getting Tougher
September 09, 2016

New York State workers who get paid via prepaid card will have more consumer protections starting next year. 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...

Regulation
UPDATED: Comptroller Sanctions Wells Fargo; CFPB Fines It $100 Million
September 08, 2016

Updated 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. By completing this form, you agree to receive marketing communications from PYMNTS...

Regulation
How Regulators Killed The Wells Fargo-Amazon Student Lending Venture
September 07, 2016

It was one of the more notable pair-ups in recent memory — in part, because it was so short. 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...

Regulation
Group Of More Than 400 Retailers Urges Congress Not To Repeal Durbin Amendment
September 07, 2016

More than 400 big and small retailers have joined forces to urge Congress not to repeal the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act, arguing a repeal will significantly hurt global credit and debit card companies’ anti-competitive measures. Get the...