The Consumer Finance Protection Bureau (CFPB) is making it so banks can’t charge fees to customers overdrawing checking accounts, the financial watchdog announced Wednesday (Dec. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Sitting next to Treasury Secretary Janet Yellen in a Senate hearing on Tuesday (Nov. 30), Federal Reserve Chairman Jerome Powell challenged her on stablecoin regulation, calling the Treasury Department’s recent recommendation that only federally insured banks be allowed to issue them “perplexing.” Get the Full...
China’s ongoing crypto crackdown could soon extend into the realm of the metaverse and nonfungible tokens (NFTs). 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...
A parliamentary panel in India says social media platforms like Facebook and Twitter should be considered publishers and get their own regulatory body. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The United Kingdom is seeking to crack down on connected device cybercrime with the introduction of a new law urging manufacturers, importers and wholesalers to make changes to how these devices are made, sold and periodically updated, or face stiff new penalties. Get the Full...
The European Union’s Digital Markets Act is coming, and Big Tech will never be the same. In theory. 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...
Legislation regulating Big Tech should be approved ASAP by the European Parliament and European Council because “it is best to get 80 percent now than 100 percent never” the European Union (EU) competition and digital policy head Margrethe Vestager said ahead of the FT-ETNO Tech...
The European Parliament Committee on Internal Market and Consumer Protection (IMCO) has approved the Digital Markets Act (DMA) to put more stringent rules about big social media platforms in place. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. Chamber of Commerce has accused Federal Trade Commission Chairwoman Lina Khan of overstepping her agency’s authority. 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...
