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...
The Financial Action Task Force is urging governments to bring decentralized finance platforms under anti-money laundering rules when developers, token holders or other identifiable parties retain meaningful control. It warned that many purportedly decentralized platforms are not as decentralized as they claim. Get the Full...
President Donald Trump’s nominee to head the Consumer Financial Protection Bureau (CFPB), Capital One executive Brian Johnson, said Thursday (July 23) that he has not decided whether to pursue the administration’s plans to fire most of the regulator’s staff, Reuters reported Thursday. Get the Full Story Complete the form to unlock this...
Surveillance pricing is now banned in New Jersey, and new electronic shelf labels are under a one-year moratorium. 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...
A bill introduced in the House Thursday (July 23) would require artificial intelligence (AI) developers to maintain the technical capacity to shut down their AI systems and would authorize the Department of Homeland Security (DHS) to order such a shutdown. Get the Full Story Complete...
The U.S. House has approved a bill designed to support America’s smaller banks. 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....
Blockchain industry organization The Digital Chamber filed a lawsuit Tuesday (July 21) asking the court to halt the state of Illinois’ planned tax on digital asset business activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
State lawmakers are intensifying their scrutiny of the fees consumers encounter at checkout, pursuing measures that range from restrictions on credit and debit card surcharges to broader “junk fee” disclosure mandates and limits on interchange fees. Get the Full Story Complete the form to unlock...
The House passed a bill Monday (July 20) that its supporters said would improve federal technology procurement. 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...
