Regulation

Uber’s Compromise In India To Appease Regulators

Global ride-hailing company Uber is scrambling to find payments partners in India to meet new mobile-payments regulations that go live on Oct. 31, India’s Economic Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

The Fed’s Real Time Payments Reality?

The Federal Reserves financial services and policy committee reaffirmed its commitment to developing a faster nationwide payments system in a release last Thursday (Sep. 4). U.S. payments are falling behind, particularly when compared with nations such as the U.K., where payments that are at or...

Over the past week, PYMNTS.com’s brief’s coverage in this newsletter has spanned a broad variety of issues. In this column, we take a look at five common elements that link many of those stories, in essence making them the “trends of the week.” Get the...

Health Care CFO Pleads Guilty To Defrauding Insurers

Compass Healthcare VP and CFO Daniel K. Lane Jr. pleaded guilty to accusations of defrauding several insurers, including Medicare and Blue Cross Blue Shield. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Hamburg Court: Uber “Probably Illegal”

Uber’s cab-hailing service is “probably illegal” in Hamburg, Germany, an administrative court there said on Wednesday (Aug. 27), 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 —...

eBay Cyber Attack Investigated By State AGs

At least 10 states, led by Connecticut, Illinois and Florida, are investigating a large-scale data breach at eBay that was revealed in May, according to according to EcommerceBytes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB Asks Debt Collectors To Pay Up

A large Oklahoma-based payment processor will pay $7 million to settle charges that it helped collect illegal fees charged to consumers by debt-settlement companies, American Banker reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Election Season Could Spur Expansion of Operation Choke Point

Operation Choke Point has thrown light on several schisms in how banking is regulated, according to American Banker.   The controversial program is putatively an attempt to regulate lenders that have a historical tendency towards being unscrupulous—the primary target that Justice Department officials refer to is...

AmEx Agrees To Pay Millions For Unauthorized Interest Hike

American Express will pay between $4 million and $6 million to settle claims that it increased consumers’ fixed-interest rates to a higher, variable rate without permission or notification, Law360 reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...