Watch more: TechReg With Tennessee Attorney General Jonathan Skrmetti 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 completing this form,...
The Commodity Futures Trading Commission has invoked its emergency authority to order prediction market Kalshi to continue operating despite a lawsuit by New York seeking to shut down its event contracts. The order marks a sharp escalation of the jurisdictional battle between federal derivatives regulators...
The New York City Council launched an investigation into four prediction markets, The Wall Street Journal (WSJ) reported Wednesday (Aug. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The federal government spent years building toward a centralized answer to one of banking’s oldest compliance questions: Who actually owns the company moving the money? Now, much of that answer is disappearing. Get the Full Story Complete the form to unlock this article and enjoy...
The heads of the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) will continue working to encourage new bank formation, they said in separate statements. Get the Full Story Complete the form to unlock this article and enjoy...
The White House has ended its ban on the use of TikTok on federal government devices, saying the shift of the app’s U.S. operations to American investors has made it no longer a national security threat, Bloomberg reported Tuesday (Aug. 11). Get the Full Story Complete the...
The Federal Trade Commission (FTC) has secured a federal court order that temporarily halts what the agency alleges is a bogus credit repair scheme run by Credit Glory, 16 related companies and their five principles, the FTC said in a Monday (Aug. 10) press release....
The Consumer Financial Protection Bureau (CFPB) is moving ahead with a potentially significant rewrite of its open banking regulations. According to a blog post by Ballard Spahr, lifting the current prohibition on banks charging fees to third parties for access to consumer financial data is...
A national bank charter promises FinTechs a more direct route into U.S. financial services. But the Office of the Comptroller of the Currency (OCC) is making clear that getting one requires more than transplanting an existing technology or overseas banking model into a federally regulated...