The Federal Trade Commission said on Thursday (Nov. 10) that NetSpend Corp. has been misleading to consumers of its prepaid cards, with promises that they would have immediate access to funds, with “no holds and no waiting.” Get the Full Story Complete the form to...
Now that the simple surprise factor has worn off and Americans and global markets have started getting their heads around the idea of President Donald J. Trump, the inevitable question coming is “now what?” Everyone understands that Trump won, of course — but the pressing question...
In a town hall meting last night, Wells Fargo’s new CEO Timothy Sloan admitted the bank had found “some instances” where reports by employees of bad behavior to its ethics line weren’t handled correctly. That explanation comes in response to accusations that Wells Fargo employees faced...
On Thursday (Nov. 10), the Federal Communications Commission issued a letter to telecom giant AT&T highlighting why the company’s practice of not counting its own streaming video services as data usage for its customers may be unfair. Get the Full Story Complete the form to...
Many things are likely to change in a Trump administration, among them the Securities and Exchange Commission. 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...
Bank of America is facing a lawsuit in Arizona from prisoners who contend they are being forced to become customers of the bank because they are given a BoA debit card that also has high and unusual fees. Get the Full Story Complete the form...
PayQwick, the closed-loop payment platform geared for the legal marijuana industry, announced Monday (Nov. 7) its payment processing, banking and compliance platform exceeds California State Board of Equalization track-and-trace recommendations and federal guidelines. Get the Full Story Complete the form to unlock this article and...
Wells Fargo’s new CEO Tim Sloan said on Thursday that a comprehensive review of the bank’s sales practices will be done ‘relatively quickly’ before unveiling the immediate changes going into place under new retail banking head Mary Mack. Get the Full Story Complete the form to...
The Consumer Financial Protection Bureau announced Wednesday (Nov. 2) that it, along with the New York Attorney General, launched a lawsuit against what it said are the leaders of a “massive debt collection scheme” based in Buffalo, New York. Get the Full Story Complete the...
