Wells Fargo has announced the termination of its 2022 consent order with the Consumer Financial Protection Bureau (CFPB) related to automobile lending, consumer deposit accounts and mortgage lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Federal Trade Commission (FTC) is sending nearly $2.4 million to customers of fast-fashion retailer Fashion Nova, which the agency alleged prevented negative reviews from being posted on the company’s website. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Two banking regulators — the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency — are reportedly complying with a federal government-wide hiring freeze announced by President Donald Trump in an executive order last week. Get the Full Story Complete the...
Google reportedly told the European Union’s Court of Justice Tuesday (Jan. 28) that the European Commission investigation that resulted in a 4.3 billion euro (about $4.5 billion) fine “punished Google for its superior merits, attractiveness and innovation.” Get the Full Story Complete the form to...
Cryptocurrency exchange KuCoin will exit the U.S. market for at least two years after its operator, Seychelles-based Peken Global Limited, pleaded guilty Monday (Jan. 27) to one count of operating an unlicensed money transmitting business. Get the Full Story Complete the form to unlock this article...
FinTechs are being effectively shut out of the process through which they can become players and introduce innovation within the traditional banking system — and regulatory headwinds are to blame. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A faster, simpler path to obtaining bank charters would foster innovative financial services, keep this activity within the regulatory perimeter and enhance competition, Klaros Group Partner Michele Alt and seven banking and financial services lawyers said in an open letter published Monday (Jan. 27). Get...
The first week of Trump 2.0 started off with a bang — certainly as measured by the blizzard of executive actions that were signed by the new president. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The former head of the Federal Trade Commission (FTC) said private equity firms warrant closer White House attention. 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...
