Open banking in the United States is in flux, characterized by fragmented private efforts and escalating bank-FinTech tension, while Europe evolves under regulation-driven market frameworks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Visa shut its open banking business in the U.S., Bloomberg reported Friday (Aug. 22), citing unnamed sources. 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,...
The Consumer Financial Protection Bureau’s Thursday (Aug. 21) lawsuit against Synapse Financial Technologies highlights the accurate tracking and reconciliation of consumer funds within the evolving FinTech landscape. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
U.S. banks are reportedly lobbying for national standards that would limit the ability of states to make their own rules for the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
With the Consumer Financial Protection Bureau reopening its open banking rule under Section 1033, the central questions over who pays for what data and how much it will cost banks and FinTechs will spark ferocious debate. Get the Full Story Complete the form to unlock...
The Consumer Financial Protection Bureau (CFPB) aims to provide compensation from its Civil Penalty Fund to consumers harmed by the actions of the now-bankrupt banking-as-a-service (BaaS) provider Synapse Financial Technologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Federal Trade Commission (FTC) Chairman Andrew N. Ferguson told 13 tech companies Thursday (Aug. 21) that if they censor Americans or fail to protect their privacy and data security due to foreign governments’ demands, they may be violating U.S. law. Get the Full Story Complete...
The Consumer Financial Protection Bureau is seeking comments that will inform its implementation of the open banking rule, Rule 1033. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Fitness International, the operator of LA Fitness and other gym chains, said Wednesday (Aug. 20) that it will defend its practices in court after the Federal Trade Commission (FTC) sued the company and alleged that it makes it “exceedingly difficult” to cancel memberships. Get the...
