About six weeks into his new role as Federal Reserve Vice Chair for Supervision, Michael Barr’s first speech focused on safety and fairness as he hinted at tougher oversight of cryptocurrency, bank mergers and climate change. Get the Full Story Complete the form to unlock...
The day after being appointed as the U.K.’s new Chancellor of the Exchequer (the minister responsible for economic and financial matters), Kwasi Kwarteng met with a small delegation of senior bankers that included the European chief executives of Goldman Sachs, J.P. Morgan and BlackRock. Get...
For believers in pathetic fallacy, the thunderclouds hanging over London today are an ominous sign for Liz Truss, who has officially been handed the reins of government by the outgoing Prime Minister Boris Johnson. Get the Full Story Complete the form to unlock this article...
The attorneys general of New York and California think Visa, Mastercard and American Express should begin tracking gun sales and flagging suspicious purchases to law enforcement in order to fight the threat of mass shootings. Get the Full Story Complete the form to unlock this...
A major Congressional effort to create regulations around stablecoins has hit a bump in the road, and while negotiations still ongoing, they are likely to extend beyond what the calendar allows. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The United Kingdom’s antitrust watchdog said Microsoft’s $69 billion acquisition of video game maker Activision Blizzard could hinder competition and warrants further investigation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Alloy, which works on helping banks and FinTechs with identity decisioning and threat selections with API service and SaaS, has a $1.55 billion valuation now after raising $52 million recently, a report said. Get the Full Story Complete the form to unlock this article and...
Back in June, the European Banking Authority (EBA) published its response to the European Commission’s call for advice on its review of the revised Payment Services Directive (PSD2). That review is set to lead to a re-revised payments services directive in the coming years that...
The Federal Trade Commission (FTC) says it has ordered personal finance company Credit Karma to pay a $3 million penalty for telling consumers they were pre-approved for credit cards for which they were not actually qualified. Get the Full Story Complete the form to unlock...
