Legal & Regulation

Legal & Regulation
Silicon Valley Startup CEO Charged With Wire Fraud
February 07, 2018

The founder and CEO of a failed startup has pleaded guilty for defrauding former employees. 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 daily newsletter,...

CFPB
OCC Chief Praises Mulvaney On Halting Payday Rule
February 07, 2018

After a 45-minute meeting on Tuesday (Feb. 6), Comptroller of the Currency Joseph Otting had nothing but praise for acting Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Bank Regulation
Treasury Sec. Says Pot Companies Should Be Banked  
February 07, 2018

U.S. Secretary of the Treasury Steven Mnuchin appeared to support pot companies storing their money in banks, testifying that the Treasury doesn’t want the marijuana business to remain a cash-based one. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
Mnuchin Presses CFPB For Answers On Equifax Hack
February 07, 2018

U.S. Treasury Secretary Steven Mnuchin says he has questions for the Consumer Financial Protection Bureau (CFPB) on its decision to pull back on the probe into last year’s Equifax hack that affected 143 million Americans. Get the Full Story Complete the form to unlock this...

Bank Regulation
States Press Regulators To Simplify FinTech Licensing
February 06, 2018

Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the...

Legal & Regulation
Regulators Press Congress For More Crypto Regs
February 06, 2018

The heads of the Commodity Futures Trading Commission (CFTC) and the Securities Exchange Commission (SEC) are slated to testify in front of Congress on Tuesday (Feb. 6), and are expected to call for more oversight of cryptocurrencies, including bitcoin. Get the Full Story Complete the...

Legal & Regulation
ATM ‘Jackpotting’ Hackers Hauled Into Court
February 06, 2018

The U.S. Justice Department has charged two men for allegedly hacking ATM machines in order to illegally obtain cash from them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

CFPB
Consumer Advocates Cry Foul On CFPB’s Equifax Stance
February 06, 2018

President Donald Trump and his administration are facing complaints from consumer protection advocates, who are advocating for a reopening of the investigation into the Equifax data breach. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
China Slams Door On Crypto Trading Sites  
February 06, 2018

China dealt bitcoin and cryptocurrency trading a major blow on Monday (Feb. 5) after it blocked all websites that enable cryptocurrency trading and initial coin offerings (ICOs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...