Under pressure from new regulations and their customers, banks are seeing overdraft frees fall and taking some of their profitability down with them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
As PYMNTS noted in coverage earlier this week, the people of the digital world are willing to assent to all sorts of things in their user agreements. Facebook and Google, for example, monitor everything everyone one does on the Internet and then sell that data to the...
MasterCard is taking its case to the British authorities that bitcoin (and its digital currency brethren) needs additional regulation. 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...
This morning, 4 million public servants (both former and current) are facing the wonderful world of breached data in the aftermath of a massive data breach first announced by the Federal Government yesterday (June 4). Get the Full Story Complete the form to unlock this article and...
In an attempt to reassure the Silicon Valley, the Commissioner in charge of the EU’s digital economy, Andrus Ansip, claimed yesterday in an interview with the The Wall Street Journal that the EU’s single digital market is not about protectionism, but really about opportunities. Get the...
On June 11, 2013, the Consumer Financial Protection Bureau (CFPB) released a report that raised concerns about the ability of consumers to anticipate and avoid overdraft costs on their checking accounts. The report found, for instance, wide variations across financial institutions regarding the costs and...
The banking, lending, and debt collection industries will have to wait a bit longer than expected for the Consumer Financial Protection Bureau’s (CFPB) progress on the debt collection rulemaking. This is the second delay since the U.S. government independent agency launched its advanced notice of...
So here’s a question. When is a prepaid card actually a credit card? Here’s an answer: When the CFPB says so. The CFPB recently released nearly 900 pages of proposed rule changes for prepaid products which would reclassify some prepaid products as credit products. That...
Concerns over human and drug trafficking have led some big banks to make an extreme move in an attempt to avoid illegal money that is flowing over the border (or, more accurately, crawling under the border in dozens of long underground tunnels) and ending up...
