Despite demand from an increasing number of their clients for cryptocurrency products and services, many banks are reportedly holding back on offering them because accounting guidance from the U.S. Securities and Exchange Commission (SEC) makes it unprofitable to do so. Get the Full Story Complete...
The Biden administration is ordering the Committee on Foreign Investment (CFIUS) to add more scrutiny on deals that might give China access to critical tech or that could put personal data at risk, The Wall Street Journal (WSJ) wrote. Get the Full Story Complete the...
One of the Senate’s top Republicans believes that stablecoin regulation can still happen this 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 our daily newsletter,...
For buy now, pay later (BNPL), heady growth demands some new guardrails. 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...
Speaking at a virtual event for the anniversary of a watchdog group, the Consumer Financial Protection Bureau (CFPB) boss took the opportunity to address a letter sent to the agency from Republican members of the Senate Banking Committee. Get the Full Story Complete the form...
Regulators at the Federal Reserve reportedly grown impatient with Citigroup’s response to its complaints about the bank’s systems for preventing mistakes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned 10 individuals and two entities for their roles in ransomware activity, cyber-espionage and other cybercrimes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Saying consumers must be allowed to dispute inaccuracies on their credit reports, the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have jointly filed an amicus brief in the case of Ingram v. Experian. Get the Full Story Complete the form to...
Binance Founder and CEO Changpeng “CZ” Zhao reportedly said the European Union’s proposed regulation of cryptocurrency is “fantastic,” though he does have some reservations about it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
