Facebook in Europe was dealt a new blow after a judge ruled the company ran afoul of privacy laws. 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...
U.S. Bank was slapped with a $185 million civil penalty for what the Financial Crimes Enforcement Network (FinCEN), in coordination with the Office of the Comptroller of the Currency (OCC) and the U.S. Department of Justice (DOJ), said were violations of the Bank Secrecy Act....
Streamlined money transfer applications dominated regulatory news this past week as seven states took the initiative to make it easier for traditional FIs and fintechs to broaden their reach across the nation. PYMNTS spoke with Charles Clark, acting director of the Washington State Department of...
Wells Fargo & Co.’s Chief Executive Tim Sloan said at an investor conference Tuesday (Feb. 13) that the asset cap imposed on it by the Federal Reserve hasn’t changed anything. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Consumer Financial Protection Bureau (CFPB), under the charge of acting director Mick Mulvaney, will rein in its activities and aim to promote what it is calling a “free market” for financial services, according to Reuters reports. Get the Full Story Complete the form to...
The world’s first ICO regulations are coming, care of Gibraltar. The rapid global proliferation of initial coin offerings has become an issue of mounting concern among regulators and central banks around the world – in particular, the growth of ICOs has fueled massive growth in the...
A group of 31 Democrat and Independent U.S. senators are calling on the Consumer Financial Protection Bureau (CFPB) to provide information as to why the Bureau has halted its inquiry into the Equifax data breach that potentially exposed the personal information of 145.5 million customers....
Rabobank, a California unit of the Dutch cooperative, agreed Wednesday (Feb. 7) to turn over $368 million for processing funds that were tied to illicit activity, such as drug trafficking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Consumer Financial Protection Bureau (CFPB) is putting out a call for public feedback on the agency’s performance. 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...
