When I read the announcement that the Second Circuit had reversed the decision approving settlement of the long-running class action challenging interchange, the short prelude to John Lennon’s “(Just Like) Starting Over” played in my head. That song, if you don’t know it, opens with...
Arguing about politics is an invitation to get drawn into an exchange of polemics, but economic analysis requires a more definite set of evaluations. That’s what makes financial regulation such a sticky subject on Capitol Hill. No matter the political persuasions, there seem to be statistics...
A consortium of regulatory agencies has issued a proposal that would help make annual adjustments to inflation that would be used to scrutinize small loans from mortgage loan appraisal requirements that carry hefty price tags. Get the Full Story Complete the form to unlock this article and...
The legislative and regulatory battles looming for the Consumer Financial Protection Bureau continue. The vast majority of United States senators have penned a letter urging the CFPB to let community banks and credit unions live free from additional regulations. Get the Full Story Complete the form...
Sainsbury was awarded $91 million by a London judge following a long-running dispute over fees charged on card transactions with Mastercard Inc. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The Consumer Financial Protection Bureau said on Thursday (July 14) that it had marked its fifth anniversary by outlining five ways it has made a difference in financial oversight on behalf of consumers. Get the Full Story Complete the form to unlock this article and enjoy...
Santander Bank has gotten hit with a $10 million fine by the Consumer Financial Protection Bureau, which contended on Thursday (July 14) that the bank engaged in illegal overdraft service practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Airbnb is facing calls from three Democratic senators for the Federal Trade Commission to investigate the impact companies like it are having on the real estate market. At the center of their concerns are worries that the short-term rental market is making housing more costly...
Google is coming under fire by the European Union, which contends the Internet giant is abusing its power in the digital advertising space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
