In a bit of jousting just before the Consumer Financial Protection Bureau is slated to present a semiannual report to Congress, senators on both sides of the aisle alternately championed and decried the bureau’s track record on protecting consumers from various financial malfeasances. Get the...
The last calendar year has not be kind to Walmart. Amid sliding stock prices, the retail conglomerate has also been fighting an expensive legal battle over wages employees in Pennsylvania have maintained for years they are rightfully due. Get the Full Story Complete the form to...
An international investigation into the allegedly corrupt practices of an oil company appears to have a caught a couple of big banks in its net. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
While FanDuel and DraftKings may have fallen out of the headlines over the last few months, it’s not because their legal battle with half the 50 states has settled down. If anything, the issue over the legality of the games these sites provide has only...
In a catch-22 that has real-life consequences, as outlined by The Wall Street Journal on Thursday (March 31), banks in the United States have closed accounts of people and enterprises — numbering in the thousands — considered suspicious. Get the Full Story Complete the form to unlock this article...
Reuters reported on Thursday (March 31) that, in the United Kingdom, “a flurry of companies” have been busy pursuing authorization to boost, or create, their peer-to-peer (P2P) platforms that would, in turn, allow those companies to enjoy the benefits of a program focused on investing in...
The CFPB announced yesterday (March 30) that it has taken action against a student loan debt relief scam that causes borrowers to pay for illegal fees tied to federal loan benefits that the company claimed to be associated with the Department of Education. Get the...
The Consumer Financial Protection Bureau said Tuesday (March 29) that it has released its newest monthly consumer complaint snapshot, which, as per usual, spotlights complaints tied to debt collection. And perhaps to the surprise of no one, the highest-ranking agitator of consumer nerves were the attempts...
Among the top banking regulators aiming a regulatory salvo at the FinTech sector: the Office of the Comptroller of the Currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
