The Consumer Financial Protection Bureau (CFPB) scored a victory Wednesday (Jan. 31) when a U.S. appeals court ruled the President can only remove the head of the watchdog agency with a specific cause, such as a dereliction of duty or engaging in wrongdoing. Get the...
The Supreme Court is gearing up to hear whether the antitrust case against American Express has merit -- or not. Just as there are two sides to every story and every legal argument, there are two sides in this market -- a two sided market,...
In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial firm seeking to launch what might be the largest initial coin offering (ICO) in history. In addition, the agency was...
Credit unions and banks joined forces to call on lawmakers Monday (Jan. 29) to bring a bill to the floor for a vote that would reform certain areas of the Dodd-Frank Act. Get the Full Story Complete the form to unlock this article and enjoy...
The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
More than half of companies surveyed by SWIFT and Dow Jones Risk & Compliance last year said they plan to invest in RegTech in the coming years, and most agree that technology has enabled a greater ability to remain compliant with key regulations surrounding anti-money...
The U.K.’s new Open Banking rules, which enable FinTechs to branch into the mainstream banking industry, are being held up as big banks delay making the changes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Consumer Financial Protection Bureau (CFPB) has dropped its investigation into World Acceptance Corp., which had been accused of taking advantage of low-income borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Jelena McWilliams, nominated by President Donald Trump to head the Federal Deposit Insurance Corporation (FDIC), said Tuesday (Jan. 23) that she would investigate the “hold-up” regarding the issuance of lending licenses if granted the position. Get the Full Story Complete the form to unlock this...
