The European Commission has accepted Microsoft’s proposals to address the European Union’s competition concerns over the company’s conduct around its collaboration platform Teams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Capital One reportedly sued the Federal Deposit Insurance Corp., alleging that the regulator overcharged the bank by $149.2 million during a special assessment meant to make up for the deposit insurance fund’s losses resulting from the collapses of Silicon Valley Bank and Signature Bank in...
Bank CEOs told lawmakers at a Senate Committee hearing Wednesday (Sept. 10) that deposit insurance reform is urgently needed in the wake of the Silicon Valley Bank collapse of 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The United Kingdom’s Financial Conduct Authority has proposed removing its regulatory contactless payment limits, saying fraud controls are now strong enough to allow banks and other payment service providers (PSPs) to set their own limits. Get the Full Story Complete the form to unlock this...
Anti-money laundering (AML) and countering the financing of terrorism (CFT) need streamlining and modernizing as financial institutions face new threats from cyber criminals and illicit financial networks tied to everything from drug cartels to shadow banking to weapons procurement. Get the Full Story Complete the...
The Office of the Comptroller of the Currency (OCC) released two bulletins to banks Monday (Sept. 8), saying in a press release that with these and other actions, it aims to “depoliticize banking” and eliminate “unlawful debanking” in the federal banking system. Get the Full...
The Securities and Exchange Commission and the Commodity Futures Trading Commission said Friday (Sept. 5) that they aim to harmonize their regulations to provide markets with clarity and bolster the strength of America’s capital markets. Get the Full Story Complete the form to unlock this article and...
Microsoft and the European Union have reportedly reached a settlement in which the tech giant will avoid an antitrust fine by agreeing to sell its Teams videoconferencing app separately from its Office packages. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Financial Industry Regulatory Authority (FINRA) is reportedly investigating misconduct allegations against two former executives of collapsed banking-as-a-service (BaaS) provider Synapse Financial Technologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
