Four NatWest Group banks — National Westminster Bank, Royal Bank of Scotland, Ulster Bank and Coutts & Co. — were hit with fines totaling $1.9 million from the U.K. Payment Systems Regulator (PSR) for overcharging interchange fees on credit cards. Get the Full Story Complete...
Coinbase reported first-quarter results on Tuesday, May 10, missing analysts’ revenue estimates and sending the shares down as much as 19% in extended trading. The results come amid a major sell-off in the crypto market, with Bitcoin dropping below $30,000 on Monday. The company’s stock...
Compliance has been a big question in the crypto industry for several years as trading firms and those using digital currencies to make and receive payments have come under increasing scrutiny as a potential channel for money laundering and sanctions busting. Get the Full Story...
The U.K.’s Payment Systems Regulator (PSR) is gaining the ability to make banks provide compensation to victims of “push payment scams,” the Financial Times reported Tuesday (May 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Securities and Exchange Commission (SEC) on Friday (May 6) said technology company NVIDIA Corporation in consecutive quarters in fiscal 2018 made “inadequate disclosures concerning the impact of cryptomining on the company’s gaming business,” according to a press release. Get the Full Story Complete the...
The Bank for International Settlements (BIS), the world’s main central bank umbrella group, published a report on Thursday (May 5) proposing new data governance frameworks that would allow individuals and firms to get more control over the data collected on them by Big Tech firms...
For a few weeks in April, experts in digital identity from banks, vendors, FinTech, law firms and regulators worked in the Digital Identity Tech Spring to develop ideas about how to tackle the increasing problem of identity theft in remote customer onboarding. Get the Full Story...
The Consumer Financial Protection Bureau (CFPB) on Wednesday (May 4) ordered Bank of America to pay $10 million for processing illegal, out-of-state garnishment orders against its customers’ bank accounts, according to an enforcement order. Get the Full Story Complete the form to unlock this article...
Germany’s Federal Cartel Office said Wednesday (May 4) it plans to impose tougher regulations on Facebook owner Meta Platforms. 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...
