Today in TechREG, the U.K. Parliament sent letters to Visa and Mastercard demanding an explanation for the increase on cross-border fees after the U.K. left the European Union. The inquiry came after the payment regulator in the U.K. signaled that Visa and Mastercard’s increases may...
Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has made it a priority for the bureau to fight against “junk fees,” overdraft fees, non-sufficient fund (NSF) fees and credit card late fees. He has also encouraged state regulators to take a more active...
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The Biden administration has scored a win for its financial regulatory team, as Michael Barr was finally confirmed as the vice chair for supervision of the Federal Reserve Wednesday (July 13) by the Senate. Get the Full Story Complete the form to unlock this article...
A court ruling in the European Union (EU) giving Brussels the jurisdiction to investigate life sciences firm Illumina’s $8 billion takeover bid of biotech company Grail could set a precedent granting regulators wider oversight of deals regardless of the revenue and other particulars. Get the...
The Bank for International Settlements (BIS) and the International Organization of Securities Commissions (IOSCO) published on Wednesday (July 13) their guidance on the application of financial market infrastructure rules to stablecoins, including the entities that provide stablecoins. Get the Full Story Complete the form to...
The U.K. Financial Conduct Authority (FCA) warned banks that they should provide better service to small and medium-sized enterprises (SMEs) that are struggling with debt, or they will face more severe regulatory actions. Get the Full Story Complete the form to unlock this article and...
On Friday (July 8) the California Privacy Protection Agency (CPPA) began the process to implement the Consumer Privacy Rights Act of 2020 (CPRA), which updates and enhances the California Consumer Privacy Act (CCPA). Get the Full Story Complete the form to unlock this article and...
Payday lender ACE Cash Express has been accused by the Consumer Financial Protection Bureau (CFPB) of hiding free repayment alternatives from its customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
