The Consumer Financial Protection Bureau (CFPB) is moving ahead with a potentially significant rewrite of its open banking regulations. According to a blog post by Ballard Spahr, lifting the current prohibition on banks charging fees to third parties for access to consumer financial data is...
A national bank charter promises FinTechs a more direct route into U.S. financial services. But the Office of the Comptroller of the Currency (OCC) is making clear that getting one requires more than transplanting an existing technology or overseas banking model into a federally regulated...
The Federal Deposit Insurance Corporation (FDIC) has approved deposit insurance for a proposed national bank built in part around digital assets and stablecoins. The approval provides one of the clearest signals yet that federal regulators are willing to bring cryptocurrency-focused business models inside the federally...
American banking regulators have reportedly turned down Dutch FinTech Bunq’s request for a banking license. 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,...
The Senate’s latest compromise draft of the Digital Asset Market Clarity (CLARITY) Act attempts to bridge many of the disputes that have stalled comprehensive U.S. digital asset legislation. The revised text pairs expanded regulatory certainty for the cryptocurrency industry with stronger consumer protection, anti-money laundering...
OpenAI asked a judge to dismiss Apple’s lawsuit accusing the company of stealing trade secrets. 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,...
A coalition of civil rights, labor, consumer advocacy and technology accountability organizations is urging the U.S. Senate to remove provisions establishing federal AI regulatory sandboxes from the proposed CLARITY Act. The request opens a new front in the debate over how lawmakers should govern artificial...
The Consumer Financial Protection Bureau (CFPB) plans to reconsider a final rule on personal financial data rights that became effective in January 2025, according to a rulemaking update posted in a pending regulatory review notice by the Office of Information and Regulatory Affairs. Get the...
Alaska has joined a growing wave of states modernizing their money transmission laws to bring virtual currency businesses more squarely within existing financial regulatory frameworks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
