Joseph Simons, a retired partner at Paul, Weiss, Rifkind, Wharton & Garrison, LLP, is President Donald Trump’s pick to head up the Federal Trade Commission, and would pick up enforcement of antitrust under his charge. Simon was nominated to replace acting Chairwoman Maureen Ohlhausen. Get...
Shares of Wells Fargo skidded Monday (Feb. 5) in the wake of news that the Federal Reserve is taking action against the bank for the numerous scandals that have dominated headlines in the last few years. Get the Full Story Complete the form to unlock...
Oh, Canada, Open Banking and finTech innovation? No frozen landscape there, if regulators look toward a recent study of competition (and cooperation) across payments stakeholders. Plus, bitcoin gets no credit while the CFPB scores a point on the (make the in the) courts.
Wells Fargo is replacing four members of its board and will be prevented from growing beyond a certain asset level under a rare action by the U.S. Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
European financial leaders believe technology players like Facebook and Google are moving in on their turf, abetted by the fact that they don’t face the same regulatory limitations their counterparts in traditional banking do. Get the Full Story Complete the form to unlock this article...
Interim director Mick Mulvaney may not be able to completely shutdown the government agency he currently runs — but he is surely working overtime to make sure that the CFPB does as little as humanly imaginable while he is at its helm. Get the Full...
Mexico’s eCommerce market is being investigated by the country’s antitrust agency, which on Thursday alleged potential monopoly tactics aimed at hurting smaller rivals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Mick Mulvaney, the acting director of the Consumer Finance Protection Bureau, received questions from Senator Elizabeth Warren of Massachusetts, the head Democrat on the House Financial Services Committee and Rep. Maxine Waters of California as to why new payday laws aren’t being implemented. Get the...
The Consumer Financial Protection Bureau (CFPB) wants more insight into the use of administrative adjudications and sent out a Request for Information (RFI) to get it. Administrative adjudication is a proceeding the CFPB uses in which a formal adversarial proceeding is conducted by an administrative...
