The Securities and Exchange Commission (SEC) on Friday (May 6) said technology company NVIDIA Corporation in consecutive quarters in fiscal 2018 made “inadequate disclosures concerning the impact of cryptomining on the company’s gaming business,” according to a press release. Get the Full Story Complete the...
The Bank for International Settlements (BIS), the world’s main central bank umbrella group, published a report on Thursday (May 5) proposing new data governance frameworks that would allow individuals and firms to get more control over the data collected on them by Big Tech firms...
For a few weeks in April, experts in digital identity from banks, vendors, FinTech, law firms and regulators worked in the Digital Identity Tech Spring to develop ideas about how to tackle the increasing problem of identity theft in remote customer onboarding. Get the Full Story...
The Consumer Financial Protection Bureau (CFPB) on Wednesday (May 4) ordered Bank of America to pay $10 million for processing illegal, out-of-state garnishment orders against its customers’ bank accounts, according to an enforcement order. Get the Full Story Complete the form to unlock this article...
Germany’s Federal Cartel Office said Wednesday (May 4) it plans to impose tougher regulations on Facebook owner Meta Platforms. 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...
On Wednesday, May 4, the U.S. Senate Committee on the Judiciary will hold a hearing on “Excessive Swipe Fees and Barriers to Competition in the Credit and Debit Card Systems,” where representatives from Visa, Mastercard, retailers and consumer advocacy groups will likely discuss the benefits...
In February, the Consumer Financial Protection Bureau (CFPB) launched a request for information from the public about the impact that “junk fees” are having on consumers. In April, the agency closed the consultation after receiving a staggering 80,000 comments. Get the Full Story Complete the...
This week, Big Tech firms were in the spotlight again — and not only because it is earnings season, but also because Twitter accepted Elon Musk’s $44 billion offer. Regulators quickly reminded him that Twitter will have to respect new EU content moderation rules. Crypto...
The U.K.’s Competition and Markets Authority said HSBC UK has breached open banking provisions set out in the Retail Banking Market Investigation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
