Regulation

Regulation
FTC: NutraClick’s Billing Practices Must Change
September 23, 2016

Nutritional supplement marketer NutraClick has settled charges of unfair billing of consumers and must change its billing practices, the Federal Trade Commission said on Thursday (Sept. 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Sandbox Bill Announced For FinTech, Gov Regulations
September 22, 2016

The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. may fall behind to other leading countries, specifically the U.K, which...

Regulation
Money Data Limited Taps Thomson Reuters Risk Solutions For Hong Kong Compliance
September 22, 2016

Money Data Limited, a subsidiary of Tencent, announced on Wednesday (Sept. 21) it has selected Thomson Reuters Risk solutions to comply with the Hong Kong Monetary Authority’s (HKMA) Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) licensing requirements in its application to obtain...

Regulation
Senator Warren To Wells CEO: Resign
September 21, 2016

There was no reason to believe that John Stumpf’s appearance on Capitol Hill yesterday (Sept. 20) would be anything but grueling. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Regulation
CFO Lending Told To Pay Back More Than 97,000 Customers Due To Unfair Practices
September 20, 2016

CFO Lending, a U.K. payday lender, was told by the U.K.’s markets regulator that it has to return to customers $44.4 million because of practices that were deemed to be unfair. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
Ambiguous Accounting Rules Hinder Exxon Investigation
September 19, 2016

The probe into Exxon’s accounting practices may be facing an uphill battle. 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 newsletter, PYMNTS Today. By...

Regulation
Online Lenders to See More Regulation … And Soon
September 19, 2016

In a move that may add insult to injury, the online lending sector may have to gird for more regulation amid the stings of rather souring headlines that have come out of the sector for months. Get the Full Story Complete the form to unlock...

Regulation
Prepaid Card Regulations Looming
September 19, 2016

Prepaid cards are popular, for sure. They’re used for shopping or just to draw out funds from an ATM machine, and they’re hooked up to payment card networks. Increasingly they are becoming financial management tools that could rival having a basic checking account. Get the Full Story...

FDA Cracking Down On Online Sales Of E-Cigarettes
September 16, 2016

The U.S. Food and Drug Administration has begun cracking down on the online sale of e-cigarettes to minors, according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...