Federal Reserve Governor Michelle Bowman is reportedly the front-runner to become the next vice chair for bank supervision. 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...
The head of Brazil’s tax revenue service, Robinson Barreirinhas, said Tuesday (March 11) that evidence of money laundering may require the country to once again consider requiring FinTechs to report transaction values. Get the Full Story Complete the form to unlock this article and enjoy...
Several insurance companies doing business as National General and Allstate are facing a lawsuit in which the New York State Attorney General alleges that they failed to protect the personal information of consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Blackstone Credit and Insurance said it gained approval from the Securities and Exchange Commission for its private credit solution that will invest across private corporate credit, asset-based and real estate credit, structured credit and liquid credit. Get the Full Story Complete the form to unlock...
The deregulation of financial services — and particularly of FinTechs — may be viewed by some as a reaction to overregulation, where innovation has been stifled. Strides are being made in the current administration to chip away at a flurry of regulations and mandates from...
The Department of Government Efficiency (DOGE) reportedly won a court battle Friday but is still blocked from accessing the Treasury payment system by an earlier ruling in another court. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Revolut and Visa reportedly filed legal challenges against the U.K.’s Payment Systems Regulator (PSR), seeking to overturn the regulator’s proposed cap on interchange fees on cross-border online payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Senate Banking Committee Chairman Tim Scott, R-S.C., has introduced a bill that would stop federal banking agencies from using reputational risk as a measure to determine regulated financial institutions’ safety and soundness. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Treasury Secretary Scott Bessent reportedly said Thursday (March 6) that his department will work to see that financial regulators focus on material financial risks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
