The U.K. is widely considered a leader in the implementation of open banking, the regulation mandated by the European Union’s Revised Payment Services Directive (PSD2) that compels retail banks in the region to make customer account information available to non-bank third parties through the use...
The U.S. Chamber of Commerce has filed a brief urging an appeals court to reject an appeal by several states to revive their antitrust lawsuit against Facebook, Reuters reported Monday (March 28). Get the Full Story Complete the form to unlock this article and enjoy...
Amazon and Microsoft can breathe a sigh of relief — for now. 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...
The Consumer Financial Protection Bureau (CFPB) is extending its deadline to submit comments on its public consultation on “junk fees” until April 11. The CFPB received more than 25,000 comments in less than three months and given the ongoing interest from the public, the agency...
The fight between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) over who will regulate cryptocurrencies just took a turn that is likely to please the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Warning that the risks decentralized finance (DeFi) pose are quickly evolving as the crypto-based markets grow to the point where they are “cloning” mainstream financial markets, an international group of securities regulators announced a push to create a coordinated global response. Get the Full Story...
Cynthia Elizabeth Tarrago Diaz, once a member of Paraguay’s Congress, was sentenced to prison for her role in an international money laundering scheme, the U.S. Department of Justice reported Thursday (March 24). Get the Full Story Complete the form to unlock this article and enjoy...
The new European Digital Markets Act which aims to rein in Big Tech may enter into force by the end of the year after the EU institutions reached an agreement on Thursday on the final text of the bill. Get the Full Story Complete the...
The Council and the European Parliament on March 24 reached a provisional political agreement on the Digital Markets Act (DMA). Final technical work will be finalized in the coming days, but this agreement marks the beginning of the countdown for the implementation of this new...
