The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve Board fined Discover Financial Services and two subsidiaries, Discover Bank and DFS Services LLC, alleging that they misclassified consumer credit cards as commercial, thereby requiring merchants to pay higher interchange fees. Get the Full Story Complete the form to unlock...
The Consumer Financial Protection Bureau (CFPB) is reportedly in the process of laying off 1,500 employees, which will reduce the agency’s staff to 200. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Treasury Department is reportedly taking the lead in the Trump Administration’s efforts to streamline oversight and ease regulation in the banking sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
A federal judge has ruled that Google holds an illegal monopoly on online advertising technology. 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 federal judge’s landmark ruling Thursday (April 17) found Google guilty of illegally monopolizing the online advertising technology market, marking a pivotal moment in the ongoing battle between regulators and Big Tech. The decision comes after more than two years of legal wrangling, with the...
America’s chief consumer finance watchdog is reportedly scaling back enforcement of financial services companies. 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...
The Office of the Comptroller of the Currency (OCC) said Wednesday (April 16) that it will combine some of its supervision activities; blend its risk identification, analysis and policy efforts; and elevate its Information Technology and Security (ITS) function. Get the Full Story Complete the...
California is set to become the first state to sue President Donald Trump over his tariffs. 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...
The Securities and Exchange Commission (SEC) reportedly resisted a request from the leader of the Department of Government Efficiency (DOGE) team at the agency to access staff emails, personnel data, contracts and payment systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
