Capital One will reportedly pay $425 million and pay higher interest rates on certain accounts to settle a class action lawsuit alleging that depositors were cheated out of high interest rates. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Consumer Financial Protection Bureau and the Department of Justice withdrew a 2023 joint statement that warned lenders not to look at an applicant’s immigration status when considering extending credit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Russell T. Vought, the acting director of the Consumer Financial Protection Bureau (CFPB), has requested a $145 million transfer from the Federal Reserve to fund the agency for the second quarter of fiscal 2026. The Jan. 9 request follows a federal judge’s order that CFPB...
Ripple received permissions that allow it to scale Ripple Payments, its cross-border payment solution that uses digital assets, in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
This January is crunch time for the Senate on cryptocurrency market regulation efforts. 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 newsletter, PYMNTS Today....
A bill introduced in the U.S. House of Representatives Wednesday (Jan. 7) aims to support community banks by tailoring regulation to the size of the bank and making it easier to form new banks. Get the Full Story Complete the form to unlock this article...
Chinese regulators are investigating Meta’s $2 billion purchase of artificial intelligence startup Manus, CNBC reported Thursday (Jan. 8). 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...
HSBC reportedly agreed to pay 268 million euros (about $312.9 million) to French tax authorities to settle charges of tax fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Elon Musk’s suit against OpenAI has reportedly been cleared to proceed to court. 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 newsletter, PYMNTS Today. By completing...
