On Monday (Feb. 6), Philadelphia Federal Reserve Bank President Patrick Harker said that increased regulatory oversight of the growing FinTech sector is necessary. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In the latest salvos over broadband access, the Federal Communications Commission, newly headed by Ajit Pai, has blocked nine ISPs from joining the federal government’s Lifeline program, which promotes broadband access for low-income households — with implications for everything from school-focused research to streaming media...
Via a new executive order, the Trump administration is calling on the government to re-examine wide-ranging visa programs to ensure they prioritize and protect jobs and wages of U.S. workers, reported The Wall Street Journal. Get the Full Story Complete the form to unlock this article...
Despite various signals from the administration that President Trump intended to take a lighter-handed approach to financial services regulation than his predecessor did, it seems that will not extend to the regulations that control money laundering. Get the Full Story Complete the form to unlock...
Buzzfeed news is reporting that billionaire venture capitalist Pete Thiel will be heading up the Trump administration’s search for the nation’s two top antitrust enforcement jobs, according to two unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Geoswift, a provider of cross-border payment solutions between China and the rest of the world, announced Wednesday (Jan. 18) that its U.K. unit, Geoswift UK, has received authorization as a payment institution from the Financial Conduct Authority (FCA). With the authorization, Geoswift UK can conduct...
The financial regulatory landscape has been one fraught with questions as to how far regulation should, and can, go. Opponents targeting new regulations, The New York Times reported, have claimed that more rules would encroach on separation of powers. Get the Full Story Complete the...
The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. Get the Full Story...
On Tuesday (Jan. 17) top Democrats announced plans to defend the Consumer Financial Protection Bureau if President-elect Donald Trump moves forward with removing Richard Cordray as head of the CFPB upon being sworn in later this week, American Banker reported. Get the Full Story Complete...
