China’s Banking and Insurance Regulatory Commission (CBIRC) is encouraging investors such as companies and non-bank financial groups to acquire and provide additional capital to shore up at-risk rural banks, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy...
Here’s the latest news from the technology industry, which is coming under increasing global interest from governments. 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...
FinTech giant PayPal has won a lawsuit against the U.S. Consumer Financial Protection Bureau (CFPB) pertaining to rules regarding prepaid cards and digital wallets, Westlaw Today reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
New legislation passed by Congress will implement new regulations on the antiquities trade in order to hopefully crack down on the possibility of money laundering or other crimes, The New York Times (NYT) writes. Get the Full Story Complete the form to unlock this article...
Some intended COVID-19 stimulus beneficiaries won’t see any money the federal government sends them through direct deposits because unpaid overdraft fees will more than consume newly injected funds, The New York Times reports. Get the Full Story Complete the form to unlock this article and...
If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be...
A week after the U.S. Securities and Exchange Commission filed a lawsuit against Ripple Labs and some of its executives, alleging the company illegally skirted laws by classifying its XRP cryptocurrency as a commodity rather than a security, a Missouri man has sued Coinbase over...
Payactiv‘s Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Senate Majority Leader Mitch McConnell fired the first shot Tuesday (Dec. 29) in what is likely to be weeklong battle over a proposal to send $2,000 stimulus checks to most Americans. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
