Regulation

Regulation
USDA Pushes To Include Food Stamps In Online Commerce
September 16, 2016

The USDA is attempting to recruit retail volunteers to join up for a two-year, nationwide pilot program that would allow low-income consumers to use SNAP benefits (historically known as “food stamps”) to purchase groceries online. Get the Full Story Complete the form to unlock this...

Regulation
Senators Question Wells CEO About Getting Some Manager Compensation Back
September 16, 2016

Arguing that committing a massive fraud that creates millions of phony consumer accounts should not be the sort of thing that banking executives should be allowed to get rich doing, lawmakers are beginning to ask Wells Fargo CEO John Stumpf some tough questions about just what...

Japan Government Says Apple, Google On Its List
September 15, 2016

Japan’s government is pointing the finger at Apple and Google, alleging that the two tech giants are violating the country’s anti-monopoly law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Currency Comptroller: New Plan Regulating Marketplace Lending
September 14, 2016

Pivoting from concerns and risks around financial technology innovation in the banking system, the U.S. Comptroller of the Currency said the agency will roll out a new framework for regulating marketplace lending. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Wells Fargo’s Fraud Issues Don’t Seem To Have Been Present At Other Big Banks
September 13, 2016

As the fallout continues from last week’s revelations about Wells Fargo‘s “out-of-the-box” methods for upping consumer enrollment in their various products (which included signing consumers up for products without so much as getting their permission or even informing them), there seems to be some slightly...

European Commission Set to Propose New Telecom Regulations Next Week
September 09, 2016

Facebook’s WhatsApp, Apple’s FaceTime and Skype are all on the European Commission’s list, which would include tightening security regulations. After alluding to it last month, the commission is expected to release a revamped proposal of new regulations next week, which will likely include telecom and...

Regulation
FTC Bans Payday Debt Relief Operation From Industry
September 09, 2016

A debt relief operation, which went by the names “Payday Support Center” and “Infinity Client Solutions,” has been banned by the Federal Trade Commission from the debt relief business under a settlement with the FTC. Get the Full Story Complete the form to unlock this...

Regulation
The FAA Just Says No To The Samsung Galaxy Note 7
September 09, 2016

The FAA does not take kindly to phones that are likely to explode mid-flight. And in that light, it is somewhat unsurprising that the U.S. federal air safety regulator is singling out the Samsung Galaxy Note 7. Once reports started emerging that a small handheld...

Regulation
New York Rules On Payroll Debit Cards Getting Tougher
September 09, 2016

New York State workers who get paid via prepaid card will have more consumer protections starting next year. 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...