Five federal agencies are seeking public comment on a proposal to require certain payment stablecoin issuers to maintain a customer identification program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Two lawmakers have asked the Financial Crimes Enforcement Network (FinCEN) to ensure that reducing unnecessary compliance burdens and prioritizing high-risk financial crimes in its enforcement efforts are part of its current rulemaking process. Get the Full Story Complete the form to unlock this article and...
The Commodity Futures Trading Commission (CFTC) is looking for ways it can make it easier for FinTech firms to partner with federally regulated institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The CFPB has rescinded six-year-old guidance for lenders on offering special purpose credit programs (SPCPs). 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....
Europe’s banking regulators have released updates to their capital rules for lenders. 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...
Recent moves by the Federal Reserve and other banking regulators to weaken regulation and supervision of banks threaten to undermine the safety and soundness of the financial institutions and increase financial stability risks, Federal Reserve Gov. Michael S. Barr said in a recent speech. Get the Full Story...
Banking regulators have begun asking banks about their use of artificial intelligence during routine bank examinations, Reuters reported Friday (June 12), citing unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
South Korean authorities levied Wednesday (June 10) a historic 624.7 billion won (about $412 million) fine against the eCommerce giant Coupang following a massive data breach that affected approximately two-thirds of the nation’s population. Get the Full Story Complete the form to unlock this article...
The Consumer Financial Protection Bureau (CFPB) may be getting a new leader. 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...
