Responsible short-term, small-dollar loans to consumers will result in increased purchasing power, according to a paper from the American Banking Association about small-dollar lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The General Data Protection Regulation (GDPR) is newly on the books in the European Union, but that hasn’t stopped Facebook and Google from being hit with a handful of lawsuits having to do with how they share data. Get the Full Story Complete the form...
It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain to continue. Get the Full Story Complete the form to unlock this article and enjoy...
As Europe’s General Data Protection Regulation (GDPR) comes into effect, Facebook privacy critic Max Schrems has filed four complaints over consent required to use online services. The complaints were filed against Facebook — along with its Instagram and WhatsApp services — and against Google’s Android, TechCrunch...
A new bill would require U.S. tech companies to disclose if they allowed American adversaries to examine software sold to the U.S. military. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Consumer Financial Protection Bureau’s (CFPB) Acting Director Mick Mulvaney praised members of Congress after President Donald Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act into law on Thursday (May 24). Get the Full Story Complete the form to unlock this article...
Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Office of the Comptroller of the Currency (OCC) issued a new guidance encouraging banks to offer responsible short-term, small-dollar loans to their customers. The guidance did not change any regulation, but clarified the regulator’s stance on the loans, Reuters reported. Get the Full Story...
As his successor is expected to be confirmed soon, Federal Deposit Insurance Corp. Chairman Martin Gruenberg faced questions about having a future leadership role at the agency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
