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Source: CMSPi

Nearly a decade after federal regulators forced U.S. banks to lower fees charged to process debit card transactions, much of the savings has been eroded and the United States has not kept up with other countries’ work to bring rising debit and credit card fees under control, according to a report released today by global payments consulting firm CMSPI.

US regulators have made inquiries to Robinhood about the trading restrictions the app put on stocks such as GameStop during the Reddit-led rallies earlier this year.

Npower, one the UK's big six energy providers serving serving 3.6 million residential and business accounts, has shut down its mobile app after hackers accessed customers accounts, inluding partial bank details.

Source: Square

Square, Inc. (NYSE: SQ) has posted its results for the fourth quarter and full year of 2020 on the Financials section of its Investor Relations website at investors.squareup.com and filed these results with the Securities and Exchange Commission.

The European Banking Authority is calling on national supervisory authorities to take action against banks limiting access to payment accounts for third parties.

The US Department of Justice has unsealed charged against three North Korean computer programmers it says conspired to steal and extort more than $1.3 billion in cash and cryptocurrency.

Source: Italian Banking Association

Shaping the Banking Union, refocussing on a fair regulatory approach towards the implementation of Basel III in the EU and adapting the treatment of non-performing loans (NPLs) in light of the current economic scenario, : these are the requests the Italian Banking Association (ABI) and the German Banking Industry Committee (GBIC) put forward in a document which calls on European institutions to adopt significant first and second level regulatory measures to counter the economic effects of Covid-19.

Reserve Bank of New Zealand governor Adrian Orr has placed the blame for a recent file sharing breach squarely on the shoulders of tech provider Accellion.

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