The Consumer Financial Protection Bureau (CFPB) has announced that Paul Watkins, a lawyer, will lead the agency’s newly created Office of Innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. Employees hit with costs to make purchases with their payroll cards, withdraw cash at ATMs, check balances and other everyday banking needs are fighting...
International Business Machines is seeking $167 million from Groupon, contending in a lawsuit that the daily deal website operator used IBM’s patented technology without its approval. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The European Union (EU) has ordered Airbnb to bring its terms and conditions into line with the bloc’s consumer rules after a recent review found violations. According to Reuters, an EU executive revealed that “some of Airbnb’s terms, and the way it presents its prices,...
The Bureau of Consumer Financial Protection announced late last week it settled with the National Credit Adjusters, a private company, as well as its chief executive and part owner Bradley Hochstein. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
U.S. Representative Patrick McHenry thinks it’s time for the GOP to move on from its mission to kill the Dodd-Frank Act. McHenry, a front-runner to become the next chairman of the Financial Services Committee, believes Republicans should instead focus on legislation that will help prevent...
Raj Date, a former Consumer Financial Protection Bureau (CFPB) deputy director turned venture capitalist, is launching a new firm that will consult cryptocurrency and digital banking companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The European Banking Authority, the main banking regulator in Europe, slammed Malta for “systematic” failings in the enforcement of anti-money laundering rules, reported the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
