The Chinese government may have clamped down on bitcoin trading, but that hasn’t stopped the cryptocurrency market from booming in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Compounding what might be charitably described as an epic run of bad luck, Uber has lost a major battle in the European Union’s highest court, which has ruled that the ride-sharing service is, for all intents and purposes, a taxi service that must comply with...
The Federal Reserve reported Monday (Dec. 18) that it would repeal Regulation C, a regulation pertaining to home mortgage disclosures, and is proposing to limit the reach of Regulation M, pertaining to consumer leasing. Get the Full Story Complete the form to unlock this article and...
If Google and Facebook want to operate in China and access its 751 million internet users, it will have to operate within China’s cybersecurity rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Financial innovation carries risks that need to be monitored, said a regulatory panel based in the United States. The warning came on Thursday from the Financial Stability Oversight Council (FSOC), which Reuters said looks at risks that threaten the financial system. The concern, hinted the newswire, means...
Airbnb, the short-term, home-sharing site, has removed a payment system in France that was deemed controversial. 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...
The Consumer Financial Protection Bureau’s new interim head, Mick Mulvaney, is looking at Wells Fargo’s case to see if it should be on the hook for tens of millions of dollars over mortgage lending abuse, reported Reuters. Get the Full Story Complete the form to...
The state of California’s insurance regulator is aiming to suspend or revoke the insurance licenses from Wells Fargo due to illicit sales practices with an online referral program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Bank examiners can stay in house, a policy where they work inside the institutions they supervise. 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...
