Until Monday (July 27), the odds favored Minnesota becoming the first state to make operating or advertising a prediction market in the state a felony starting Aug. 1. But a federal judge has blocked the law from taking effect, at least for now. Get the...
The New York State Department of Financial Services (DFS) secured a $50 million penalty from Swedbank AB and its New York branch in a case in which the regulator alleged that the bank withheld information from investigators. Get the Full Story Complete the form to unlock this...
The Federal Reserve wants to make it easier for some eligible institutions to connect directly to its payment services without giving them everything that comes with a Master Account. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cross-border payments platform Wise said Friday (July 24) that it will submit a new application for a U.S. national trust bank charter after the Office of the Comptroller of the Currency (OCC) denied the original application it submitted over a year ago. Get the Full...
The Financial Action Task Force is urging governments to bring decentralized finance platforms under anti-money laundering rules when developers, token holders or other identifiable parties retain meaningful control. It warned that many purportedly decentralized platforms are not as decentralized as they claim. Get the Full...
President Donald Trump’s nominee to head the Consumer Financial Protection Bureau (CFPB), Capital One executive Brian Johnson, said Thursday (July 23) that he has not decided whether to pursue the administration’s plans to fire most of the regulator’s staff, Reuters reported Thursday. Get the Full Story Complete the form to unlock this...
Surveillance pricing is now banned in New Jersey, and new electronic shelf labels are under a one-year moratorium. 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...
A bill introduced in the House Thursday (July 23) would require artificial intelligence (AI) developers to maintain the technical capacity to shut down their AI systems and would authorize the Department of Homeland Security (DHS) to order such a shutdown. Get the Full Story Complete...
The U.S. House has approved a bill designed to support America’s smaller banks. 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....
