The Bank for International Settlements (BIS), a forum for the world’s central banks, wants specific regulations that were introduced after the 2008 financial crisis to also be extended to shadow banks and FinTech firms. Get the Full Story Complete the form to unlock this article...
Some of the country’s largest banks should soon be handing over more capital to investors than they are generating for the first time since the 2008 financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
After receiving preliminary approval for a settlement last July, Wells Fargo said that it has received final approval from a California court to settle a class action suit. The $142 million suit sought to compensate customers impacted by a sales scandal, Reuters reported. Get the...
Sources are saying that Representative Darrell Issa, the Republican lawmaker from California, might be the next leader of the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Imitation is the sincerest form of flattery, right? If so, some European regulators might like what’s going on with California in regards to digital privacy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. However, the coins offered during initial coin offerings very likely are entirely — or mostly —...
The Consumer Financial Protection Bureau fined Security Group, the debt collector, $5 million in the first fine against a company since it hit Wells Fargo with a $1 billion penalty in April. The Wall Street Journal, citing the Consumer Financial Protection Bureau, reported that the...
A case involving virtual currency My Big Coin could determine whether the U.S. Commodity Futures Trading Commission (CFTC) has the power to fight fraud centered around cryptocurrencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
A recently filed federal lawsuit over remote deposit capture technology (RDC) could signal the start of a wider patent-infringement struggle among banks, according to experts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
