Legal & Regulation

ANTITRUST
Walmart’s Mexican Business Unit to Challenge Antitrust Authority’s Ruling
December 16, 2024

Walmart’s Mexican business unit, Walmart de México y Centroamérica (Walmex), said a decision by Mexico’s antitrust authority will not affect its business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

AML
Stenn Collapses Over FinTech’s Possible Ties to Money Launderers
December 16, 2024

U.K. FinTech Stenn has reportedly collapsed over possible ties to a Russian money laundering scheme. 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....

Bank Regulation
HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
December 16, 2024

Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. 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....

Bank Regulation
Greece to Cap Banks’ Fees on Money Transfers
December 15, 2024

Greece reportedly aims to cap banks’ money transfer fees, while eliminating consumer bill pay fees. 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,...

Bank Regulation
Yellen Cautions Trump Against Meddling With Financial Regulations
December 15, 2024

Treasury Secretary Janet Yellen says the next administration should leave “critically important” financial regulations untouched. 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,...

Legal & Regulation
Trump Team Struggles to Find Financial Regulatory Leaders
December 15, 2024

The upcoming Trump administration is reportedly struggling to find people to head America’s financial watchdogs. 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,...

Bank Regulation
More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
December 13, 2024

The benefits of standardized data formats and exchanges in financial services are myriad. 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....

CFPB
CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
December 13, 2024

Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). 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...

Bank Regulation
Banks Step Up Due Diligence on Non-Bank Borrowers
December 13, 2024

For banks, the ever-expanding push into global markets also has included a broadening of lending activities — to the tune of trillions of dollars. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...