Sections
Congress
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4.1KCredit UnionsWhat Grubhub, Uber Can Teach CUs About Loyalty And Rewards
Credit unions (CUs) are unique among financial institutions (FIs) for the sense of loyalty they inspire among their members. PYMNTS’ Credit...
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1.9KRegulationLawmakers Question Airbnb On Non-Compliant Listings
Airbnb is facing questions from U.S. lawmakers who want information about hosts who go against the company’s policies and don’t comply with local...
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1.8KPoliticsHouse Committee Passes Bill To End Federal Marijuana Prohibition
The House Judiciary Committee passed a bill that would effectively make marijuana legal, the National Cannabis Industry Association (NCIA) announced in a...
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1.6KBusinessBig Tech Firms Respond To Congressional Committee Questions
In response to questions from a congressional committee, Alphabet’s Google, Amazon.com, Apple, and Facebook defended their practices and declined to answer some questions. The tech firms have...
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2.2KAmazonAmazon Says It Uses Third-Party Seller Data To Boost Business
Amazon, in a newly released document by the U.S. House of Representatives Judiciary Committee, said it uses “aggregated data” from sellers who...
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2.4KB2B PaymentsHouse Committee Approves Ban On Controversial SMB Loan Tactic
The U.S. House Financial Services Committee has voted in favor of banning a controversial practice in small business lending, The Washington Post...
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2.2KeCommerceAntitrust Complaint Says Amazon Forces Merchants To Use Its Logistics Services
An online merchant has written a letter to Congress saying that the company was forced to use Amazon’s logistics services, as it...
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7.1KRegulationCongress Wants Digital Platforms To Release Their Algorithms – Why?
U.S. lawmakers proposed new legislation last week that would require internet platforms to more or less lay bare the intellectual property that...
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2.6KRegulationNew Laws To Require LLCs To Disclose Owners’ Names
Proposals in both chambers of Congress would limit the use of anonymous shell companies, impacting small businesses in the U.S. Last month,...
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2.1KFacebookZuckerberg Tells Congress That Libra Fills A Global Payments Void
It may be a bit ironic that the halls of Congress are known, colloquially, as the Hill. It’s an upward climb, after...
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2.4KANTITRUSTFTC: Big Tech’s Data Troves Give Them Unfair Advantage
The Federal Trade Commission (FTC) said the mass amounts of data collected by big technology companies, like Apple, Amazon, Facebook and Google,...
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2.4KCFPBCFPB’s Debt Collection, Payday Lending Rules Come Under Fire In Congressional Hearing
Payday lending practices again came under fire Wednesday (Oct. 16) from members of the U.S. Congress, as Kathy Kraninger, director of the Consumer...
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1.6KRegulationFoursquare Head Wants Stricter Laws Around Location Data
The CEO of Foursquare, a location data company, wrote an op-ed piece in the New York Times Wednesday (Oct. 16), saying, “It’s...
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3.0KRidesharingCongress Calls Uber And Lyft To Ride-Hailing Hearing
The head of the U.S. House of Representatives Transportation and Infrastructure Committee wrote letters to the CEO’s of both Lyft and Uber...
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2.4KTravel PaymentsCongress Aims To Bring Transparency To Hotel Resort Fees
You have to give digital and mobile technology some credit — over time, the complexities of travel pricing and costs (along with other...
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4.1KANTITRUSTCongress Calls On Spotify To Name Apple Violations
As part of its continuing probe into potential antitrust practices that hamper competition, the U.S. House of Representatives Judiciary Committee has asked...
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2.3KANTITRUSTHouse To Grill Google, Amazon, Facebook On SMB Impact
Big tech companies Facebook, Google and Amazon are going to be the subject of a new congressional hearing, in addition to the...
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4.8KB2B PaymentsCongress Presses Fed On Real-Time Payments Plan
The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow, its proposed real-time payments...
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2.4KFacebookFacebook Negotiates Sandberg DC Hearing Testimony
With questions surrounding Facebook’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an...
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2.6KReportPEW: Most Americans Distrust Tech Leaders
Americans don’t trust members of Congress and are more likely to have confidence in journalists, police and the military, a Pew Research...
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2.2KANTITRUSTCongress Seeks Competition Info From Apple
The U.S. House Judiciary Committee is conducting an investigation into Apple over potential antitrust practices, and on Friday (Sep. 13) it requested...
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3.0KSecurity & FraudBig Tech CEOs Petition Congress For Data Privacy Law
An open letter to Congress asking for a consumer data privacy law was signed by 51 CEOs across tech and other industries,...
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4.0KRegulationUS Congress Discovers Alleged Flaws In Deutsche Bank Controls
U.S. congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls. Sources familiar with the matter told Reuters that...
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3.7KCryptocurrencyUS Lawmakers Visit Switzerland To Talk Libra
During an upcoming visit to Switzerland, American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. A group of six lawmakers, led by...
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3.7KAmazonAmazon Accused Of Punishing Sellers With Better Offers On Walmart
Merchants who sell their products on both Amazon and Walmart are complaining about the pressure they’re getting from Amazon to raise their...
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6.6KCryptocurrencyRipple Defends Crypto To Congress In Open Letter
Ripple CEO Brad Garlinghouse and its Executive Chairman Chris Larsen penned an open letter to Congress regarding the regulations of cryptocurrencies. The...
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2.9KB2B PaymentsSenators Move To Keep Export-Import Bank Alive
U.S. lawmakers submitted a bill to Congress Wednesday (July 24) in an effort to reauthorize the nation’s Export-Import Bank for the next...
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5.1KInternet of ThingsEven For Smart Sprinklers, Security Matters
The Internet of Things (IoT) continues to grow in popularity: A recent International Data Corporation (IDC) study projects there will be 41.6...
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3.6KRegulationLibra’s Long Week In Washington
While we cannot accurately say that the two days Facebook’s David Marcus were the worst two days a Facebook executive has ever...
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3.4KBitcoinBitcoin Price Sinks On Libra Concerns
Lawmakers doubts over Facebook‘s planned cryptocurrency, Libra, is having a negative impact on bitcoin. The Wall Street Journal reported that bitcoin’s price...
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2.4KCryptocurrencyMarcus: Facebook’s Libra To Be Regulated By Swiss Gov’t
David Marcus, the head of Facebook’s blockchain department and the face of its proposed cryptocurrency Libra, has released his congressional testimony ahead...
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4.2KRegulationLawmakers Propose Bill To ‘Keep Big Tech Out Of Finance’
Just days before the Facebook Libra hearings, a draft bill to limit “Big Tech’s” entry into finance and crypto has surfaced online....
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2.4KLegalCannabis Law Reform Gains Momentum In Congress
In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10...
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3.2KCryptocurrencyFed Chairman Calls For Libra Freeze; Bitcoin Slumps
The chairman of the U.S. Federal Reserve called for a stop to Libra, Facebook’s proposed cryptocurrency, until the project better demonstrated how...
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2.1KFacebookFed’s Powell Shares Libra Concerns With US Lawmakers
The Chairman of the Federal Reserve Jerome Powell spoke to a congressional committee on Wednesday (July 10) about the organization’s concerns with...
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2.8KCryptocurrencyFacebook’s Marcus Defends Libra To House Financial Services Chair
The head of Facebook’s new cryptocurrency project, Libra, is defending the company in a letter to Rep. Maxine Waters (D-CA) and other...
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4.8KRegulationTrump Pauses Addition Of New Tariffs On Chinese Products
The United States has removed certain restrictions on Huawei Technologies Co. The move comes as President Donald Trump and Chinese President Xi...
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2.7KSecurity & FraudLawmakers Hit A Wall In Creating National Privacy Law
Efforts from lawmakers in the U.S. to come up with a national privacy law have hit a wall, with Senators unable to...
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1.7KBiometricsAgency Says FBI’s Facial Recognition Tech Falls Short
The Government Accountability Office (GAO) and members of congress say the FBI’s use of facial recognition technology isn’t private or accurate enough,...
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2.2KLegalCongress Supports Facial Recognition Regulation
Members of Congress supported a plan to draft legislation aimed at the use of facial recognition software by law enforcement on Wednesday...
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2.4KBankingDems Want Bank Execs To Testify Before Congress Each Year
Democrats would like to see bank executives get grilled by Congress on an annual basis. After Wall Street leaders spent hours answering...
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3.9KBank RegulationNew Allies Aim To Solve Cannabis Payments Problem
It really wasn’t supposed to be this way, not as cannabis steadily became legal across the United States. Read the old pro-legalization...
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2.9KB2B PaymentsEasing Chapter 11 Pain For Small Businesses
U.S. lawmakers continue to press for more affordable bankruptcy for small businesses, with Congress reintroducing the Small Business Reorganization Act earlier this...
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3.6KRegulationLawmakers Seek New Regs Aimed At Tech Algo Biases
U.S. lawmakers have proposed a bill that would make tech companies detect and remove any discriminatory biases found in their technologies. The...
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4.9KBank RegulationBank CEOs To Assure Congress The Financial System Is Stronger Now
The heads of some of the nation’s biggest banks will stress how much more secure the financial system is thanks to regulations...
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6.3KBank RegulationCannabis Banking Bill Gains Steam in US House
A bill that could bring clarity to payments for legal cannabis purchases in the U.S. was set for an important vote this...
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3.8KPoliticsFinancial, Regular Firms Want Banks To Work With Pot Companies
Financial firms, fertilizer, beverage, and other mainstream companies are calling on Congress to enable pot companies to have access to banks. According...
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4.1KBitcoinBitcoin Daily: Bitcoin Lightning Payments Come To Retail; Rep. McCarthy Eyes Blockchain For Gov’t Efficiency, Transparency
A beer vending machine that accepts cryptocurrency payment is now available for preorder. Decentralized identity startup Civic debuted a $15,000 machine that...
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4.7KRegulationCFPB Head Faces Privacy Questions From Senate
The Consumer Financial Protection Bureau’s privacy practices came under scrutiny Tuesday (March 12) during a U.S. Senate hearing, further proof that issues...
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4.6KBankingBanker’s ‘Half Dozen’ To Testify Before Congress This Spring
Call it a reunion of sorts, a gathering of banking execs not seen since the less-than-heady days of the financial crisis a...
