Legal & Regulation

Legal & Regulation
Trump Taps Tesla, Uber CEOs To Advise Him
December 15, 2016

President-elect Donald Trump has cast a wide net when it comes to his advisors that now reportedly includes Travis Kalanick, the chief executive of Uber, and Elon Musk, the head of Tesla. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Motion Filed To Block IRS From Coinbase User Data
December 15, 2016

New developments in the IRS Coinbase summons. 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, PYMNTS Today. By completing this form, you agree...

Legal & Regulation
Supreme Court Rules Against Defendant In Bank Account Fraud Appeal
December 14, 2016

The Supreme Court ruled on a bank fraud case earlier in the week that had to do with an online scheme designed to steal funds from bank customers’ accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
UK FCA Says It Needs To Revisit Crowdfunding Rules
December 13, 2016

After seeking comment regarding crowdfunding regulations in July 2016, the U.K.’s Financial Conduct Authority revealed its findings late last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Legal & Regulation
Silicon Valley Execs To Meet With Trump
December 12, 2016

This should be an interesting one to watch. 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, PYMNTS Today. By completing this form, you...

Legal & Regulation
Congress Passes BOTS Act Making It Illegal For Bots To Buy Tickets
December 12, 2016

Congress is fighting back at ticket scalpers, passing a bill that is making it illegal to use bots or computer programs to buy the best tickets to shows and events and then turn around and sell them for an inflated price. Get the Full Story...

Bank Regulation
BNY Mellon Unable To Run Payments For 19 Hours
December 08, 2016

Bank of New York (BNY) Mellon Corp. was unable to process payment instructions sent over the Swift Network from clients for a 19-hour stretch earlier this week. According to reports, the outage began around 2:30 pm on Sunday (Dec. 4) and was not resolved until...

Budget Problems May Loom From Trump Infrastructure Spending
December 07, 2016

As a matter of policy, spending and taxing have always engendered debate around how the government should maintain goods and services, how to pay for them and what happens to various financial spheres as a result. Get the Full Story Complete the form to unlock...

Legal & Regulation
Fed Governor Warns FinTechs Against Social Media Underwriting
December 06, 2016

FinTechs that want to use data from social media for credit underwriting got a warning from Federal Reserve Governor Lael Brainard, who said they could run afoul of fair lending laws if they rely on social media data. Get the Full Story Complete the form to...