Wells Fargo’s new CEO Tim Sloan said on Thursday that a comprehensive review of the bank’s sales practices will be done ‘relatively quickly’ before unveiling the immediate changes going into place under new retail banking head Mary Mack. Get the Full Story Complete the form to...
The Consumer Financial Protection Bureau announced Wednesday (Nov. 2) that it, along with the New York Attorney General, launched a lawsuit against what it said are the leaders of a “massive debt collection scheme” based in Buffalo, New York. Get the Full Story Complete the...
Finextra reported that Switzerland’s Federal Council is attempting to ease regulations on FinTech firms by the beginning of next year. The council has introduced a three-point plan it hopes will increase competition in the nation’s financial sector. Get the Full Story Complete the form to...
Lots of people in the U.S. will be sitting on pins and needles awaiting the election results a week from Tuesday. Not bankers, says Karen Webster, who says that they should simply grab a few stiff drinks and call it an early night. Regardless of...
January 2018 may be a ways off, but PSD2 is going to change the way banks share customer information and APIs. And while some industry observers think it’s the worst thing that ever happened to banks, Token CEO Steve Kirsch says that it’s a blessing in...
In the fallout of Wells Fargo’s scandal over unauthorized customer accounts, regulators may force publicly-traded banks to adhere to in-person of sales practices and procedures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A new month, a new batch of complaints to the CFPB from consumers. 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....
The Consumer Financial Protection Bureau (CFPB) released a report Monday (Oct. 24) showcasing several market developments that could help consumers. In its report, dubbed “Project Catalyst report: Promoting consumer friendly innovation,” the CFPB said developments from FinTech startups, as well as traditional financial services companies,...
The ranking member of the Antitrust Subcommittee of the House Judiciary Committee, U.S. Rep. Henry “Hank” Johnson (D-GA), and other lawmakers have called on the Federal Trade Commission to investigate reports of anticompetitive activity in the app marketplace. Get the Full Story Complete the form...
