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...
The Consumer Financial Protection Bureau (CFPB) issued on Thursday, May 19 a new interpretative rule seeking to bolster the states’ enforcement actions to protect consumers. By clarifying the scope of state enforcement under the Consumer Financial Protection Act of 2010 (CFPA), the bureau expects states...
U.S. prosecutors planned to send a message to the largely offshore crypto industry this week about the cost of ignoring the anti-money laundering (AML) laws at the core of an important chunk of financial regulation. Get the Full Story Complete the form to unlock this...
The federal Consumer Financial Protection Bureau (CFPB) and the New York state attorney general filed a proposed judgment in federal court to settle its case against a group of debt collection firms that have a “history of deception and harassment,” according to a Monday (May 23)...
The finance ministers and central bank governors from the G-7 met in Germany last week to discuss global economic issues, including cryptocurrencies and central bank digital currencies (CBDCs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
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Wells Fargo Advisors agreed to pay $7 million to settle federal Securities and Exchange Commission (SEC) charges that the firm failed to report at least 34 suspicious transactions that could have triggered anti-money laundering investigations, the agency announced Friday (May 20). Get the Full Story...
This week, policymakers and regulators in Europe have continued issuing warnings about cryptocurrencies as “highly speculative assets” and renewed calls for “consistent and comprehensive” crypto regulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
This week, lawmakers and regulators announced that they are working on new rules and legislation in the crypto space. Federal agencies are also poised to step up their enforcement actions to protect consumers and investors. The Securities and Exchange Commission (SEC) and the Commodity Futures...
