In a bid to crack down on illicit finance, the Financial Crimes Enforcement Network (FinCEN) has issued a final rule creating a beneficial ownership information reporting requirement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
In what’s been called the fourth industrial revolution, artificial intelligence (AI) is radically transforming global economies at a pace that has regulators scrambling to keep up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The ongoing debate on Capitol Hill over peer-to-peer (P2P) payments regulation came into focus Monday (Oct. 3) after U.S. Sen. Elizabeth Warren, an outspoken critic of the banking industry, singled out Zelle in a report to other lawmakers that described the bank-operated network as a...
The Consumer Financial Protection Bureau (CFPB) is taking action against Choice Money Transfer, accusing it of multiple violations of money transfer laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The European Council has officially approved legislation that aims to ensure a safer and more transparent online environment with greater accountability and protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Federal Reserve’s Board of Governors said Monday (Oct, 3) that it was officially ending so-called network exclusivity and would instead require all debit card issuers to enable merchants to pick from at least two unaffiliated payment card networks. Get the Full Story Complete the...
While the rise of environmental, social and governance (ESG) investing has been instrumental in the success of the fossil fuel divestment movement so far, critics argue that recent changes to the European Union’s ESG taxonomy threaten the current momentum. Get the Full Story Complete the...
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Goldman Sachs, Citigroup and other financial giants have agreed to pay regulators $1.1 billion in penalties for not monitoring employees using unauthorized messaging apps, according to a press release from the Securities and Exchange Commission (SEC) on Tuesday (Sept. 27). Get the Full Story Complete...
