Billionaire Warren Buffett has accumulated a 10 percent ownership in Wells Fargo, an investment level that automatically triggers a review from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Merchants are preparing a new battle in the seemingly never-ending debit-card interchange fee wars. 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...
The Consumer Financial Protection Bureau said on Wednesday (March 23) that it has issued an advisory alongside a report detailing recommendations for financial institutions, ranging from credit unions to banks, offering information on how to recognize, report and also prevent financial exploitation of older customers....
Interest rates might have a tough impact on big banks this year, especially given the burden of meeting and exceeding the cost of capital.
Coffee and lawsuits usually lend themselves to courtroom comedies rather than dramas, but even memories of farcical lawsuits in the past aren’t enough to stop consumers who think they’ve been taken for a ride. Get the Full Story Complete the form to unlock this article...
After chasing a trail of alleged corruption around the globe for the past four years, U.S. Justice Department officials are reaching dead ends in several of their probes into Walmart’s business operations overseas. Get the Full Story Complete the form to unlock this article and...
The Consumer Financial Protection Bureau said on Friday (March 18) that, at the agency’s request, a federal district court has entered a final judgment against Morgan Drexen, a debt relief company, with the resolution of a suit brought by the CFPB three years ago. Get the Full...
The second-largest U.S. payments network in the United States has found itself in some hot water with the Treasury Department. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Commentary published on Wednesday (March 16) by National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger may signal a contentious debate over assertions by the Consumer Financial Protection Bureau (and Director Richard Cordray) that the CFPB does not need to make a greater effort to exempt...
