The Federal Reserve is reportedly set to reduce the staff of its supervision and regulation division by 30%, from 500 to 350, The Wall Street Journal reported Thursday (Oct. 30), citing an internal memo. Get the Full Story Complete the form to unlock this article...
Open banking’s path toward implementation took another turn on Wednesday (Oct. 29) when the U.S. District Court for the Eastern District of Kentucky enjoined the Consumer Financial Protection Bureau from enforcing its Personal Financial Data Rights Rule — the regulation built on Section 1033 of...
Democrats and Republicans alike want big banks to up their insured deposit limits. 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....
The Office of the Comptroller of the Currency has proposed rescinding its recovery planning guidelines for insured national banks, federal savings associations and federal branches with at least $100 billion in assets. Get the Full Story Complete the form to unlock this article and enjoy...
The Consumer Financial Protection Bureau is set to rescind its Nonbank Registry Rule (NBR Rule) that requires nonbank financial companies that have broken consumer laws and are subject to government or court orders to report those orders to a bureau registry. Get the Full Story...
Cryptocurrency regulation may shift as 21 state attorneys general (AGs) called on the Securities and Exchange Commission (SEC) to clearly define how digital assets should be regulated, and by whom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
President Donald Trump has reportedly chosen his nominee to head the U.S. Commodity Futures Trading Commission (CFTC). 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...
Consumers who won a $425 million jury verdict in a privacy class action against Google are reportedly now seeking an additional $2.36 billion from the tech giant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The ongoing government shutdown reportedly hasn’t completely shut down the Securities and Exchange Commission (SEC). 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....
