Last week, on June 24, the U.K. Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) issued two different statements about the future of open banking and the role that the Joint Regulatory Oversight Committee will play in this endeavor. Interestingly, both regulators called...
The European Parliament will hold the last plenary session before the summer recess from July 4 to July 7, and lawmakers are rushing to get all the legal texts ready for a vote. As expected, the schedule for the next plenary session is packed with...
The Federal Trade Commission has sued Walmart alleging that its money transfer services were corrupted by fraudsters — which reportedly resulted in customers being “fleeced out of hundreds of millions of dollars,” according to a Tuesday (June 28) press release from the consumer watchdog. Get...
States can issue their own fair credit reporting laws that protect residents, the U.S. Consumer Financial Protection Bureau (CFPB) said in a ruling Tuesday (June 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Office of Management and Budget (OMB) published on June 21 the Consumer Financial Protection Bureau’s (CFPB) Spring 2022 regulatory agenda, and surprisingly, only five rules have been included in the list, despite the CFPB’s crowded policy agenda. Get the Full Story Complete the form...
The European Banking Authority (EBA) published on Thursday, June 23 an opinion in response to the European Commission’s call for advice on the upcoming review of the Payment Services Directive (PDS2). The opinion, far from being a mere reply to fulfill its statutory duties, contains...
Crypto is increasingly taking center stage in the European Union, as talks on the Markets in Crypto Asset Regulation (MiCA) legislation are reaching their endgame. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Today in TechREG, regulators in Australia have received a formal complaint against the biggest retailers in the country for using a facial recognition technology that they said is “unreasonable intrusive.” A French regulator is facing backlash due to its Binance decision. China is seeking feedback...
U.S. Rep. Maxine Waters, chair of the Committee on Financial Services, and Rep. Al Green, chair of the Subcommittee on Oversight and Investigations, released a report Friday (June 24) on the “meme stock” phenomenon involving GameStop and its impact on the economy. Get the Full...
