Regulations for the providers of financial-transaction infrastructure aren’t going to return to pre-financial-crisis levels — in fact, they’re likely to be an ever-increasing burden for everyone involved in a transaction. But regulators could make that burden easier to handle by providing more guidance on what...
The CFPB is worried about checking, particularly consumers’ access to it. In remarks recently released by CFPB head Richard Cordray, he affirmed the basic necessity of access to banking products for the American consumer. Get the Full Story Complete the form to unlock this article...
It looks like the sale of H&R Block’s bank business to BoFI Holdings will be on hold for the rest of the year, as regulators have essentially bounced back the application. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Venture Capitalist—and graphical Web browser creator—Marc Andreessen is looking at the payments space as an area that needs to—and can—be fully recrafted. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The House Banking Committed lended it’s voice to the growing chorus of those calling for the discontinuation of Operation Choke Point–a federal initiative that seeks to limit the reach of various suspect businesses (pornographers, fireworks dealers, Ponzie Schemes, dating sites, ammunitions dealers, etc.) by “choking...
Regulation makes strange bedfellows, and possibly none stranger than pornographers and payments processors who have banded together to fight federal legislation that seeks to limit the means by which suspect industries access and use money. Get the Full Story Complete the form to unlock this...
Anyone who has ever said that there is no such thing as too much security when it comes to data on mobile devices has clearly never worked for federal law enforcement. U.S. Attorney General Eric Holder followed up the announcement of his resignation last week...
MasterCard’s European woes over interchange just keep on coming as WM Morrison Supermarkets Plc is leading a group of U.K. retailers that are hoping to add more than a $1 billion in damages from MasterCard Inc. in their antitrust suit over payment fees, reports Bloomberg....
What a payment represents in 2020 will be much different from it does today, as it will represent much more than just the settlement of a transaction or the movement of funds. In fact, the market transformation has already begun, new research results suggest. Get...
