Raising capital could become easier for businesses, especially smaller firms, under legislation that easily made it through the U.S. House of Representatives this week. But the prospects for passage appear murkier in the Senate. Get the Full Story Complete the form to unlock this article...
President Donald Trump’s pick to lead the Consumer Financial Protection Bureau (CFPB) held her own during intense questioning by Democratic Senators on Thursday (July 19). According to Reuters, Kathy Kraninger seems to be on track to secure a confirmation vote that could come this month....
The Consumer Financial Protection Bureau (CFPB) has announced that Paul Watkins, a lawyer, will lead the agency’s newly created Office of Innovation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. Employees hit with costs to make purchases with their payroll cards, withdraw cash at ATMs, check balances and other everyday banking needs are fighting...
International Business Machines is seeking $167 million from Groupon, contending in a lawsuit that the daily deal website operator used IBM’s patented technology without its approval. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The European Union (EU) has ordered Airbnb to bring its terms and conditions into line with the bloc’s consumer rules after a recent review found violations. According to Reuters, an EU executive revealed that “some of Airbnb’s terms, and the way it presents its prices,...
The Bureau of Consumer Financial Protection announced late last week it settled with the National Credit Adjusters, a private company, as well as its chief executive and part owner Bradley Hochstein. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
U.S. Representative Patrick McHenry thinks it’s time for the GOP to move on from its mission to kill the Dodd-Frank Act. McHenry, a front-runner to become the next chairman of the Financial Services Committee, believes Republicans should instead focus on legislation that will help prevent...
