PYMNTS News

OCC Announces Enforcement Actions Against Banks and Individuals

OCC Announces Enforcement Actions Against Banks and Individuals
OCC Announces Enforcement Actions Against Banks and Individuals
May 16, 2025  |  Bank Regulation

The Office of the Comptroller of the Currency (OCC) has announced enforcement actions against two banks and three individuals who are or were affiliated with...

READ MORE >
Coinbase Says Cybersecurity Incident Could Cost It $400 Million
Coinbase Says Cybersecurity Incident Could Cost It $400 Million
May 16, 2025  |  Cybersecurity

Coinbase disclosed that the cybersecurity incident it reported Thursday (May 15) could cost it as much as $400 million. Get the Full Story Complete the form...

READ MORE >
FinTech Roundup: Chime’s IPO, Funding Rounds and Acquisitions Cap a Busy Week
FinTech Roundup: Chime’s IPO, Funding Rounds and Acquisitions Cap a Busy Week
May 16, 2025  |  Fintech Investments

May is only half over and has already proven to be a month full of FinTech activity, ranging from high-profile initial public offerings (IPOs) to...

READ MORE >
Richemont Aims to Avoid Price Backlash Seen in Luxury Sector
Richemont Aims to Avoid Price Backlash Seen in Luxury Sector
May 16, 2025  |  Retail

Luxury group Richemont will reportedly continue to limit its price increases, even in the face of new U.S. tariffs. Get the Full Story Complete the form to unlock...

READ MORE >
Revisions to GENIUS Act Could Impact US Stablecoin Market
Revisions to GENIUS Act Could Impact US Stablecoin Market
May 16, 2025  |  Cryptocurrency

It can feel as though every week there’s a new stablecoin announcement from a traditional financial player. Get the Full Story Complete the form to...

READ MORE >
This Week in AI: CPOs Say AI Still Needs a Human Touch
This Week in AI: CPOs Say AI Still Needs a Human Touch
May 16, 2025  |  Artificial Intelligence

This week in artificial intelligence, chief product officers said AI needs human oversight, even for routine, automated tasks like fraud detection. Meanwhile, AI was partly...

READ MORE >
Microsoft’s Nadella: AI Agents Serve as ‘Chiefs of Staff’
Microsoft’s Nadella: AI Agents Serve as ‘Chiefs of Staff’
May 16, 2025  |  Artificial Intelligence

Microsoft has reportedly learned that the ability of artificial intelligence to complete tasks that people find boring is the strongest selling point of the technology....

READ MORE >
Global Crime Rings Exploit Meta Platforms, Triggering Bank-Fraud Spike
Global Crime Rings Exploit Meta Platforms, Triggering Bank-Fraud Spike
May 16, 2025  |  Fraud Prevention

Criminals are “flooding” Facebook and Instagram with bogus ads and marketplace listings, fueling what The Wall Street Journal calls an “epidemic of scams” that is...

READ MORE >