Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. The New York Department of Financial Services took interest in the matter after reports emerged in the New York Post that questioned whether the...
A group of academics appointed by EU antitrust regulators say tech companies should be compelled to share data with each other, as an alternative to breaking them up, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
President Donald Trump signed off on a memorandum Wednesday (April 3) aimed at curbing the sale of counterfeit goods, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The U.K.’s Financial Conduct Authority has issued a warning to consumers regarding certain risks inherent in peer-to-peer loans held in individual savings accounts, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
If you can’t beat em…join ‘em? Facebook’s Mark Zuckerberg pushes for more government regulation of the internet – and cites GDPR as a model. Elsewhere, Google goes to the Oval Office.
Recent headlines have been dominated by payday lending rules and Wells Fargo. But there have been a few other trends taking shape, as crypto regulation has been gathering steam beyond U.S. shores, from Pakistan to Bermuda.
The Clearing House (TCH), which operates the RTP Business Committee, has added four seats to the committee to incorporate community bank and credit union representation, and also released a set of business principles to outline the RTP’s work. TCH announced the news on Thursday (March...
A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “payday lending rule” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and...
The implementation of PSD2 represents an opportunity for countries to overhaul their financial infrastructures, forcing them to upgrade older systems so businesses and FIs can remain compliant and move money faster. While plenty of countries are seeing this as an opportunity to grow, some markets...
