German financial watchdog BaFin has ordered Deutsche Bank to clarify how its staff uses private messages on WhatsApp for business purposes, part of a worldwide effort to curb the practice of mixing business with personal lives. Get the Full Story Complete the form to unlock...
A committee of the European Parliament will vote in June on the proposed Consumer Credit Directive (CCD) with a view to getting final approval in plenary session before the summer break. Lawmakers will discuss tomorrow, May 17, the proposed amendments to the text. Get the...
“We’re seeing financial services in places where we’ve not been not used to seeing financial services.” 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 to our daily newsletter, PYMNTS Today....
The U.K. Payment System Regulator’s (PSR) panel issued recommendations on May 10 to eliminate barriers for consumers and merchants to access digital payments in the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The price drop in stablecoin TerraUSD and the collapse in its associated cryptocurrency LUNA has triggered a global call for stablecoin regulation. From the U.S. Treasury Secretary to the Securities and Exchange Commission (SEC) or the Bank for International Settlement (BIS), regulators around the world...
Four NatWest Group banks — National Westminster Bank, Royal Bank of Scotland, Ulster Bank and Coutts & Co. — were hit with fines totaling $1.9 million from the U.K. Payment Systems Regulator (PSR) for overcharging interchange fees on credit cards. Get the Full Story Complete...
Coinbase reported first-quarter results on Tuesday, May 10, missing analysts’ revenue estimates and sending the shares down as much as 19% in extended trading. The results come amid a major sell-off in the crypto market, with Bitcoin dropping below $30,000 on Monday. The company’s stock...
Compliance has been a big question in the crypto industry for several years as trading firms and those using digital currencies to make and receive payments have come under increasing scrutiny as a potential channel for money laundering and sanctions busting. Get the Full Story...
The U.K.’s Payment Systems Regulator (PSR) is gaining the ability to make banks provide compensation to victims of “push payment scams,” the Financial Times reported Tuesday (May 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
