Prepaid cards are popular, for sure. They’re used for shopping or just to draw out funds from an ATM machine, and they’re hooked up to payment card networks. Increasingly they are becoming financial management tools that could rival having a basic checking account. Get the Full Story...
The Consumer Financial Protection Bureau will not be able to spend much time savoring its victory against Wells Fargo and the huge $185 million settlement against the banking giant levied earlier this month. Get the Full Story Complete the form to unlock this article and...
The U.S. Food and Drug Administration has begun cracking down on the online sale of e-cigarettes to minors, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The USDA is attempting to recruit retail volunteers to join up for a two-year, nationwide pilot program that would allow low-income consumers to use SNAP benefits (historically known as “food stamps”) to purchase groceries online. Get the Full Story Complete the form to unlock this...
Arguing that committing a massive fraud that creates millions of phony consumer accounts should not be the sort of thing that banking executives should be allowed to get rich doing, lawmakers are beginning to ask Wells Fargo CEO John Stumpf some tough questions about just what...
Japan’s government is pointing the finger at Apple and Google, alleging that the two tech giants are violating the country’s anti-monopoly law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Banks may soon find themselves with a big bill for cybersecurity systems, as New York Governor Andrew Cuomo and the Department of Financial Services pursue bank regulations to protect against data breaches. But it’s great news for cybersecurity firms.
Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending. Get the Full Story Complete the form to unlock this article and enjoy...
As the fallout continues from last week’s revelations about Wells Fargo‘s “out-of-the-box” methods for upping consumer enrollment in their various products (which included signing consumers up for products without so much as getting their permission or even informing them), there seems to be some slightly...
