The Federal Financial Institutions Examination Council (FFIEC) has issued its final supervisory guidance regarding social media compliance and risk mitigation for financial institutions.
There have been new efforts in the payments industry to strengthen the Electronic Transactions Association (ETA), and educate lawmakers on mobile payments.
Businesses have faced hefty fines under FACTA’s truncation requirement, which states receipts must show less than 5 digits of a customer’s card number.
The Consumer Financial Protection Bureau has released a report detailing the costs that banks face in complying to regulation.
As demand and the sheer trade volume of bitcoin continue to rise, BTC China, the world’s largest bitcoin exchange, discussed with regulators the possibility of recognizing the digital currency that would enable it to be actually spent in China.
Confused about how to get that 8% cash back on credit card purchases at the supermarket or gas station? Turns out federal regulators are too. The Consumer Financial Protection Bureau says it will investigate current rewards programs to determine if account holders are being misinformed about the true costs and benefits of these offers.
Bitcoin evangelists, leaders, and diehards went to Washington D.C. this week to face the Senate firing squads.
It’s been a crazy ride for bitcoin, with the price per coin skyrocketing up to $900 and settling back down to over $600 on most exchanges (which is still an astronomical gain of over 400% since September).
Benjamin Lawsky, New York’s Superintendent of Financial Services, plans to hold a hearing to gauge the possibility of the NYDFS issuing so called “bitlicenses.”
The United States Senate is ramping up its efforts to monitor cryptocurrencies—including Bitcoin, the world’s most popular form of digital money.