Britain’s financial watchdog, the Financial Conduct Authority (FCA), has come under attack from former small business owners who have complained about being mistreated by big banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
After workers reportedly didn’t get rest breaks, allowed by California’s strict labor rules, Wells Fargo will have to pay $97 million to private mortgage bankers and home mortgage consultants in the state based on both hourly pay and commissions, American Banker reported. Get the Full...
May 11 is basically here, with new Customer Due Diligence rules likely to send ripples, if not shockwaves, across the FI landscape. As GIACT EVP of product David Barnhardt explains, in a world where "ready or not" takes on new meaning when it comes to compliance,...
The White House is stretching out the tenure of Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, by taking its time in nominating a permanent replacement, according to a report Tuesday (May 8) from American Banker. Get the Full Story Complete the...
With Europe’s General Data Protection Regulation (GDPR) law coming into effect in May, regulators who are tasked with enforcing the law have signaled they are not ready yet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. 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...
Wells Fargo announced late last week that it has agreed to pay $480 million to settle a securities fraud class-action suit. 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...
Ripple Labs, the cryptocurrency startup behind the XRP tokens, is being accused in a new lawsuit of running a scam to raise hundreds of millions of dollars via unregistered XRP coins, reported Bloomberg. Get the Full Story Complete the form to unlock this article and...
To find companies that may be using software to fix prices, EU regulators may create their own algorithms. European Competition Commissioner Margrethe Vestager said that it’s now easy for price collusion to occur, Reuters reported. Get the Full Story Complete the form to unlock this article...
