After a long period in the deep freeze, startup banks are showing some early signs of life in the U.S. economy. According to reports, eight separate groups have filed applications with the FDIC to open new banks. That is the largest number of new bank...
Molly Wilkinson, executive director of the Electronic Payments Coalition, argued in a Forbes report Tuesday (Feb. 7) that the new Congress under President Donald Trump should reconsider the Financial CHOICE Act that repealed price controls under the Dodd-Frank Act. Get the Full Story Complete the form...
On Monday (Feb. 6), Philadelphia Federal Reserve Bank President Patrick Harker said that increased regulatory oversight of the growing FinTech sector is necessary. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
In the latest salvos over broadband access, the Federal Communications Commission, newly headed by Ajit Pai, has blocked nine ISPs from joining the federal government’s Lifeline program, which promotes broadband access for low-income households — with implications for everything from school-focused research to streaming media...
Via a new executive order, the Trump administration is calling on the government to re-examine wide-ranging visa programs to ensure they prioritize and protect jobs and wages of U.S. workers, reported The Wall Street Journal. Get the Full Story Complete the form to unlock this article...
Despite various signals from the administration that President Trump intended to take a lighter-handed approach to financial services regulation than his predecessor did, it seems that will not extend to the regulations that control money laundering. Get the Full Story Complete the form to unlock...
Buzzfeed news is reporting that billionaire venture capitalist Pete Thiel will be heading up the Trump administration’s search for the nation’s two top antitrust enforcement jobs, according to two unnamed sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Geoswift, a provider of cross-border payment solutions between China and the rest of the world, announced Wednesday (Jan. 18) that its U.K. unit, Geoswift UK, has received authorization as a payment institution from the Financial Conduct Authority (FCA). With the authorization, Geoswift UK can conduct...
The financial regulatory landscape has been one fraught with questions as to how far regulation should, and can, go. Opponents targeting new regulations, The New York Times reported, have claimed that more rules would encroach on separation of powers. Get the Full Story Complete the...
