Regulation

Regulation
Lawmakers Shun State Cannabis Banking Reform
December 26, 2018

Senate Majority Leader Mitch McConnell (R-Ky.) has rejected the STATES Act, legislation that would allow states to regulate their own cannabis industries without federal intervention. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
SEC Fines Wealthfront, Hedgeable For Misleading Consumer Claims
December 26, 2018

The Securities and Exchange Commission announced late last week that it settled with Wealthfront Advisors and Hedgeable, two FinTech robo-advisors, for misleading investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Regulation
Getting Merchants Ready For PSD2
December 23, 2018

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 form, you agree to receive marketing communications from PYMNTS and...

Regulation
Growing Ratings Data Overwhelms Regulators
December 19, 2018

The U.S. securities regulator is having trouble with rating agencies because it doesn’t have the tools or specific knowledge it needs to analyze huge amounts of rating data, according to a report from Reuters. Get the Full Story Complete the form to unlock this article...

Regulation
SEC Head Begs EU, UK To Stabilize Post-Brexit Plan
December 18, 2018

Jay Clayton, the chief of the U.S. Securities and Exchange Commission (SEC), urged European Union and U.K. lawmakers to prepare for a no-deal Brexit, which could potentially wreak havoc on markets across the globe, Financial Times reported. Get the Full Story Complete the form to...

Regulation
UK Banks Make $3.03B In 2017 Overdraft Fees
December 18, 2018

The Financial Conduct Authority (FCA) announced Tuesday (Dec. 18) that U.K. banks made more than $3.03 billion from charging overdraft fees last year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Regulation
Motus On Mapping Mileage Reimbursement
December 18, 2018

Tax season looms. Firms would do well to examine the latest standard mileage rates published by the IRS — and more. Motus’ Chief Legal Officer steers PYMNTS to the questions that must be asked and answered along a journey toward compliance (and corporate strategies) tied to...

Regulation
EBA To Banks: Prepare For Brexit
December 17, 2018

The European Banking Authority (EBA) told European banks on Monday (Dec. 17) to prepare for Brexit and the possible sudden withdrawal of Britain from the European Union, according to a report from Reuters. Get the Full Story Complete the form to unlock this article and...

Regulation
France Anxious To Tax Apple, Google, Other Tech Giants
December 17, 2018

Bruno Le Maire, France’s economy minister, announced today (Dec. 17) that he wants France to start taxing big tech giants beginning Jan. 1, 2019, according to a report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...