The pandemic has forced many aspects of everyday life — for consumers, yes, but businesses too — to pause. Last month, the chairman of the U.S. House of Representatives antitrust committee proposed banning mergers until the pandemic ends. Also in April, U.S. Sen. Elizabeth Warren (D-Massachusetts),...
As it sold more wearable devices and average selling price fell, which was driven by more affordable devices as well as higher promotions, Fitbit reported a non-GAAP net loss of $31 million for the fourth quarter. The firm said in an announcement that it did...
Some early supporters of Facebook’s proposed cryptocurrency Libra, spooked by the intense regulatory scrutiny both national and worldwide, want to distance themselves from the project, according to a report by The Financial Times. The Libra Association, a coalition of 28 members put together by Facebook...
Prepaid cards have had a full year on the regulatory front, and the year isn’t over yet. Last week, the Credit Union National Association (CUNA) wrote the Consumer Finance Protection Bureau (CFPB) — the regulatory agency that authored the new prepaid card rules — asking for both a...
May 19, 2020
The pandemic has forced many aspects of everyday life — for consumers, yes, but businesses too — to pause. Last month, the chairman of the U.S. House of Representatives antitrust committee proposed banning mergers until the pandemic ends. Also in April, U.S. Sen. Elizabeth Warren (D-Massachusetts), and U.S. Rep. Alexandria Ocasio-Cortez (D-New York) introduced legislation titled […]
July 31, 2017
Not all financial services regulation is occurring across the pond, though Brexit and other countries grabbed their share of headlines this past week for our Regulatory Tracker. In the United...
August 23, 2019
Some early supporters of Facebook’s proposed cryptocurrency Libra, spooked by the intense regulatory scrutiny both national and worldwide, want to distance themselves from the project, according to a report by The Financial Times. The Libra Association, a coalition of 28 members put together by Facebook to help bring the cryptocurrency to fruition, includes Visa, Mastercard, […]
August 21, 2017
Wells Fargo, the embattled national bank, disclosed in a Securities and Exchange Commission (SEC) filing that the Consumer Financial Protection Bureau (CFPB), a government regulatory agency, is investigating if it...
August 21, 2017
Digital currency is becoming one of the more pervasive forces pushing its way into all industries. As cryptocurrencies like bitcoin, Bitcoin Cash and Ethereum become more popular, governments around the...
May 22, 2017
Equiniti Group PLC, a FTSE-listed FinTech and regulatory services business, announced the opening of its latest regional technology hub — Ada House. According to Finextra, the new hub is located...
