At a time when the market expects interest rates to continue dropping, the United Kingdom’s Financial Conduct Authority (FCA) is cautioning banks and building societies about lowering the rates they offer on consumers’ savings faster than they raised them. Get the Full Story Complete the...
The continued fallout from the collapse of Synapse Financial Technologies has heightened the discussion — and regulatory examination — of how end-user and various types of accounts are handled as FinTechs and banks join forces. Get the Full Story Complete the form to unlock this...
The Securities and Exchange Commission (SEC) has announced a settlement with audit firm Prager Metis that includes charges related to the firm’s audits of FTX. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Online gambling companies reportedly will be prevented from operating in Brazil if they haven’t requested authorization to do so. 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...
Defendants who allegedly enrolled consumers, without their knowledge, into continuity plans for products they did not buy will forfeit assets valued at $40 million and be banned from certain conduct. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Federal Communications Commission (FCC) has reached a settlement with AT&T that resolves the agency’s investigation into a January 2023 hack in which AT&T customer information was taken from a vendor’s cloud environment. Get the Full Story Complete the form to unlock this article and...
The payments landscape can be — and frequently is — shaped by both innovations and regulations. 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...
The Federal Deposit Insurance Corp. (FDIC) has proposed a rule that would strengthen recordkeeping for bank deposits received from third party, non-bank companies that accept those deposits on behalf of consumers and businesses. Get the Full Story Complete the form to unlock this article and enjoy...
The Consumer Financial Protection Bureau (CFPB) aims to stop banks from charging overdraft fees based on what it calls “phantom opt-in agreements” — cases in which banks claim to have customer consent to charge overdraft fees but can provide no proof. Get the Full Story...
