Santander Bank has gotten hit with a $10 million fine by the Consumer Financial Protection Bureau, which contended on Thursday (July 14) that the bank engaged in illegal overdraft service practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Airbnb is facing calls from three Democratic senators for the Federal Trade Commission to investigate the impact companies like it are having on the real estate market. At the center of their concerns are worries that the short-term rental market is making housing more costly...
Google is coming under fire by the European Union, which contends the Internet giant is abusing its power in the digital advertising space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In a scene that is increasingly rare when the CFPB starts talking about new rules and regulations, all major parties involved in the conversation seem to be in basic agreement on them. Consumer and industry officials seem to have concluded that the CFPB’s new rules...
Social networking giant Facebook has seen federal tax officials seek a court order to access internal corporate records that have to do with the company’s offshore tax strategies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Banks around the world are crying foul over the new leverage ratio rule that is being finalized by the Basel Committee. And Bank of England just joined their corner, stating that the final regulation should be amended. What’s more, the Bank of England said the...
If it’s a day with a vowel in it, it must be a day to mobilize the troops and think about suing the card networks. Today’s latest is a report that a class action lawsuit might be happening across the pond against MasterCard this fall....
Try this experiment sometime today. Ask 10 people off the street if they believe that debit interchange fees should stay capped. The answer you’ll likely get back is probably a lot of blank stares. Get the Full Story Complete the form to unlock this article...
Regulation over bitcoin, digital currencies and prepaid cards might soon get a little tighter in the European Union as new proposals from the European Commission would expand anti-money laundering rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
