Wells Fargo, still reeling from its fake account scandal, said in a Securities and Exchange Commission filing Wednesday (March 1) that its legal fees for 2016 may have been $1.8 billion, which is $100 million more than the bank previously forecasted. Get the Full Story...
From the age of gold coinage to today’s technologically advanced banking system, money laundering has continually evolved to survive – and thrive – in changing times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Financial Conduct Authority (FCA), the U.K. regulatory body, has written a letter to all CEOs of peer-to-peer (p2p) lenders and loan-based crowdfunding platforms that provide funding to finance companies that borrow money to bankroll their own lending, warning the practice may run afoul of the law....
Digital wallets are gaining interest from smartphone and laptop users around the world, according to Mastercard’s 2017 edition of its Digital Payments Study. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
PayPal is facing a potential class action lawsuit over how the payment company handled charity donations. 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...
Trend Micro released its annual security roundup report, “2016 Security Roundup: A Record Year for Enterprise Threats,” which showed that ransomware cyber threats hit an all-time high last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Major companies in almost every industry — from smartphone and electronic manufacturers like Samsung and Apple to major retailers like Walmart — are investing in biometrics technology and are getting results. Find more details about who is doing what with whom inside the latest Digital...
In the ever changing and increasingly connected technology age, the amount of vulnerable information regarding financial details is becoming somewhat insurmountable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Internal Revenue Service’s Criminal Investigation Division is having a tough time sending people who cheat on their taxes to jail, thanks to an exodus of employees in the unit and a 12 percent decline in new tax evasion cases. Get the Full Story Complete...
