Sanctions have been dominating headlines. 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 completing this form, you agree to receive...
The Consumer Financial Protection Bureau (CFPB) wants to remind consumers that federal law requires companies to explain specific reasons for denying credit applications, even when the creditor employs credit models using complex algorithms, according to a Thursday (May 26) press release. Get the Full Story...
Today in TechREG, Lael Brainard, vice chair of the Federal Reserve, on Thursday (May 26) told Congress in a hearing about the benefits and risks of having a U.S. central bank digital currency (CBDC). While her remarks were carefully crafted to not show any policy...
The Consumer Financial Protection Bureau (CFPB) announced on Wednesday, May 25 in a blog post that it has sent letters to the nation’s biggest credit card companies to question them about why they are not regularly providing data to credit bureaus on the actual monthly...
The European Commission launched three consultations on May 10, two related to the review of the second payment service directive (PSD2) and one about open finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Today in TechREG, the Consumer Financial Protection Bureau (CFPB) announced the creation of a new office in the agency to promote competition and innovation. When CFPB Director Rohit Chopra testified on Capitol Hill in April that he wanted to promote open banking principles and to...
When Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified on Capitol Hill in late April about the agency’s future plans to promote open banking principles and to deal with the “increasing threat” of Big Tech companies, the question of how to implement these plans...
Michael Hsu, Acting Comptroller of the Office of the Comptroller of the Currency (OCC), told an audience at a crypto event on Tuesday, May 24 that the recent events with TerraUSD and other stablecoins are clear evidence that the crypto economy is dependent on hype. ...
The Consumer Financial Protection Bureau (CFPB) has opened the Office of Competition and Innovation, to promote more competition and look into stumbling blocks for new marketing entrants, a CFPB press release said Tuesday (May 24). Get the Full Story Complete the form to unlock this...
