Last week was not a good week to be the CFPB or Dodd-Frank financial reforms. The House Financial Services Committee voted 34 to 26 to repeal and replace it with the Financial Choice Act and sent it to the House floor for an up or down...
In a recent letter to the European Commission signed by online music streaming companies Spotify, Deezer and German internet company Rocket Internet, among others, organizations have reportedly accused tech giants of “[abusing] their privileged position” and anticompetitive behavior. Get the Full Story Complete the form...
Things are getting tougher for the Consumer Financial Protection Bureau (CFPB) under the new political administration. More banks are now willing to challenge CFPB enforcement actions, said The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Wells Fargo is still facing heat from last year’s fraudulent accounts scandal, as lawsuits against the financial firm are reportedly piling up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Uber’s list of recent woes seems to have gotten a bit longer as unnamed sources are telling media outlets that the Department of Justice has launched a probe into software Uber allegedly used to help divers evade detection by law enforcement in localities where the...
The House Financial Services Committee has voted to send the Financial Choice Act to the full House of Representatives for a floor vote. The majority-backed initiative represents a rollback of the Obama-era financial regulations known collectively as Dodd-Frank. Get the Full Story Complete the form...
U.S. Treasury Secretary Steven T. Mnuchin announced Wednesday (May 3) that he is plans to appoint Keith Noreika as a Deputy Comptroller and designate him the First Deputy Comptroller of the Office of the Comptroller of the Currency (OCC). Get the Full Story Complete the...
President Donald Trump signed an executive order Monday (May 1) in which a new technology council will be created to modernize the information technology systems of the government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
As the Trump administration moves to rewrite banking regulations, it looks like a big change to the top of the regulatory structure could be coming down the pipe. Emerging repots indicate that the president is looking to replace Comptroller of the Currency Thomas Curry as...
