Nike is continuing its legal battle with StockX, a sneaker marketplace, alleging that the latter company sold fraudulent shoes, Bloomberg wrote Wednesday (May 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Coinbase reported first-quarter results on Tuesday, May 10, missing analysts’ revenue estimates and sending the shares down as much as 19% in extended trading. The results come amid a major sell-off in the crypto market, with Bitcoin dropping below $30,000 on Monday. The company’s stock...
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Compliance has been a big question in the crypto industry for several years as trading firms and those using digital currencies to make and receive payments have come under increasing scrutiny as a potential channel for money laundering and sanctions busting. Get the Full Story...
The U.K.’s Payment Systems Regulator (PSR) is gaining the ability to make banks provide compensation to victims of “push payment scams,” the Financial Times reported Tuesday (May 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Elon Musk said he would reverse the Twitter ban of former President Donald Trump, calling it “not correct” and a “morally bad decision,” according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Facebook owner Meta Platforms said Tuesday (May 10) that a German antitrust order limiting its data collection was “clearly flawed” and undermined European data protection regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Consumer Financial Protection Bureau (CFPB) has published an advisory opinion to affirm that banks and other lenders need to follow fair lending laws when canceling loans or changing terms and not just during the application process. Get the Full Story Complete the form to...
On April 26 and 27, during his testimonies at the Senate and the House, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB) offered important insights into the regulator’s next moves. One of them was open banking. Get the Full Story Complete the form...
