Mick Mulvaney, the acting director of the Consumer Finance Protection Bureau, received questions from Senator Elizabeth Warren of Massachusetts, the head Democrat on the House Financial Services Committee and Rep. Maxine Waters of California as to why new payday laws aren’t being implemented. Get the...
In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial firm seeking to launch what might be the largest initial coin offering (ICO) in history. In addition, the agency was...
Credit unions and banks joined forces to call on lawmakers Monday (Jan. 29) to bring a bill to the floor for a vote that would reform certain areas of the Dodd-Frank Act. Get the Full Story Complete the form to unlock this article and enjoy...
Jelena McWilliams, nominated by President Donald Trump to head the Federal Deposit Insurance Corporation (FDIC), said Tuesday (Jan. 23) that she would investigate the “hold-up” regarding the issuance of lending licenses if granted the position. Get the Full Story Complete the form to unlock this...
The SEC has said it will not approve cryptocurrency exchange-traded funds (ETFs) until its concerns about best protecting investors are fully met. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The U.S. Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Mark Calabria, chief economist for Vice President Mike Pence, warned Wednesday (Jan. 17) that a financial regulatory relief legislation will have to get in line behind other policy initiatives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The payday lending arena could get help from the Consumer Financial Protection Bureau (CFPB), with acting director Mick Mulvaney saying the CFPB will “reconsider” rules regarding the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
With regulators around the world calling for rules and laws governing trading in cryptocurrency, a director of Germany’s central banks said rules have to be on a global scale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
