While there will be many unsavory details of 2016 to go through — the thing most Americans can agree with is that at least the word “clawback” was added to our collective vocabulary. Get the Full Story Complete the form to unlock this article and enjoy...
The FTC presented a written report of its recent work to the U.S. Senate Committee on Commerce, Science and Transportation and requested changes to the common carrier exception to the FTC Act.
Wells Fargo will now be facing — among other recent issues — a class action lawsuit that alleges the firm misled investors via its reports on its financial performance and materials on its successful sales practices. Get the Full Story Complete the form to unlock this article and...
The people have spoken, and when it comes to Wells Fargo CEO John Stumpf, it seems the people are in agreement with Senator Elizabeth Warren. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. 22....
A spokesperson for the San Francisco Federal Reserve has confirmed that Wells Fargo CEO John Stumpf has stepped down from the Federal Reserve Advisory Council effective Thursday (Sept. 22). The move comes about 48 hours after Stumpf was required to appear before the Senate Banking Committee to...
Nutritional supplement marketer NutraClick has settled charges of unfair billing of consumers and must change its billing practices, the Federal Trade Commission said on Thursday (Sept. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. may fall behind to other leading countries, specifically the U.K, which...
Money Data Limited, a subsidiary of Tencent, announced on Wednesday (Sept. 21) it has selected Thomson Reuters Risk solutions to comply with the Hong Kong Monetary Authority’s (HKMA) Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) licensing requirements in its application to obtain...
