The Electronic Payments Coalition is unimpressed with the Durbin Amendment and wants it nixed. The coalition claims the amendment has allowed big-box retailers to pad their bottom lines to the detriment of smaller competitors, community banks and credit unions.
Samsung’s fall got off to a rocky start — putting it mildly — when their flagship phone, the Galaxy Note 7, had to be recalled because it had a tendency to catch on fire. Get the Full Story Complete the form to unlock this article and enjoy...
In the wake of the Wells Fargo scandal that has seen the massive banking institution assessed almost $200 million in fines and its CEO and former community banking head facing $60 million (so far) in compensation clawbacks, Federal Reserve chairwoman Janet Yellen said the central bank...
While there will be many unsavory details of 2016 to go through — the thing most Americans can agree with is that at least the word “clawback” was added to our collective vocabulary. Get the Full Story Complete the form to unlock this article and enjoy...
The FTC presented a written report of its recent work to the U.S. Senate Committee on Commerce, Science and Transportation and requested changes to the common carrier exception to the FTC Act.
Wells Fargo will now be facing — among other recent issues — a class action lawsuit that alleges the firm misled investors via its reports on its financial performance and materials on its successful sales practices. Get the Full Story Complete the form to unlock this article and...
The people have spoken, and when it comes to Wells Fargo CEO John Stumpf, it seems the people are in agreement with Senator Elizabeth Warren. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. 22....
A spokesperson for the San Francisco Federal Reserve has confirmed that Wells Fargo CEO John Stumpf has stepped down from the Federal Reserve Advisory Council effective Thursday (Sept. 22). The move comes about 48 hours after Stumpf was required to appear before the Senate Banking Committee to...
