Regulation

Regulation
Report: Wells Fargo Submits Third-Party Review to Federal Reserve
September 26, 2024

Wells Fargo reportedly submitted a third-party review of its risk and control overhauls to the Federal Reserve, seeking to end the Fed’s cap on its assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
US Moves to Secure Connected Car Economy by Banning Foreign Technologies
September 25, 2024

The U.S. government’s proposed ban on connected vehicle technology from China and Russia marks a significant shift in the approach to national security and cybersecurity within the automotive sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
CFPB’s Chopra: Consumers Need More Disclosure on Nonbank Risks
September 25, 2024

The Federal Deposit Insurance Corp.’s (FDIC) recent proposal on recordkeeping for bank deposits received from third-party, nonbank companies is a step in the right direction. But work needs to be done in informing end users of the risks inherent in the relationships forged between banks...

Regulation
UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust
September 25, 2024

The United Kingdom’s Financial Conduct Authority (FCA) proposed requiring payments and eMoney firms to participate in a client assets (CASS) system in which funds and assets are held on trust for consumers. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Newsom Vetoes California Privacy Bill That Upped Consumer Data Control
September 24, 2024

In a pivotal moment for data privacy and child protection, California Gov. Gavin Newsom recently made two contrasting decisions that highlight the complexities and competing interests in the realm of digital regulation. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Lawmakers Probe Whether SEC Guidance on Digital Assets ‘Undermined’ Banking Regulators
September 24, 2024

Four lawmakers sent letters to the heads of financial regulators, asking for information about the development of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) No. 121. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
Big Tech Awaits Changing of EU Regulatory Guard
September 22, 2024

Two of the European Union’s top regulators are stepping down from their posts. 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....

Regulation
Macquarie to Pay $79.8 Million to Settle SEC Fraud Charges
September 19, 2024

The Securities and Exchange Commission (SEC) said Macquarie Investment Management Business Trust (MIMBT) will pay $79.8 million to settle fraud charges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Regulation
EU Wants Apple to Give Third Parties Operating System Access
September 19, 2024

European regulators want Apple to open its operating system to third-party developers. 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...