In an effort to prevent allegedly illegal trading profits from leaving the U.S., the Securities and Exchange Commission (SEC) has obtained a court order to freeze more than $27 million in proceeds from sales of restricted shares of Longfin Corp. involving the company along with...
JPMorgan Chase CEO Jamie Dimon praised President Donald Trump in his annual letter to shareholders, saying his administration’s moves have help the biggest U.S. bank make a lot of money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Consumer Financial Protection Bureau acting director Mick Mulvaney is using the agency’s structure as an excuse to refuse to answer questions about his leadership. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Reserve Bank of India has banned regulated financial institutions in the country from dealing with cryptocurrencies, CNBC reported. 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...
A judge has ruled that the state of Massachusetts can move forward with its lawsuit against Equifax. 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...
The Treasury Department has recommended that U.S. regulators ease up on penalties for banks that fail to adhere to the Community Reinvestment Act (CRA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
CFPB Acting Director Mick Mulvaney offered up the agency’s first semi-annual report under his tenure. Other than saying the agency is “too powerful” and offering proposals that would boost Congress’ power over the Bureau, through funding and other means, it’s all just business as usual....
The Securities and Exchange Commission (SEC) announced news on Monday (April 2) that it charged Michael Liberty, the founder of Mozido, the FinTech startup, with scamming investors out of their money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
With concerns that technology companies can face more regulation, tech stocks were declining all over the globe — with the tech-heavy Nasdaq falling 2.9 percent Tuesday (March 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
