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The five individuals are prohibited from participating in the affairs of any federally insured financial institution.

While the Consumer Financial Protection Bureau was careful to note that the principles were not binding, the industry should still adopt the guidelines going forward.

Grab, Southeast Asia’s largest ride-hailing app, is kicking off a new digital wallet service in Singapore as it stakes a claim to the region’s burgeoning mobile payments sector.

Following the release of the nonbinding statement of policy, regulators still have an important role to play in making sure the industry achieves an effective data-sharing model.

American Express will become the exclusive issuer of Hilton Honors cobranded credit cards in January, taking over the entire portfolio it previously shared with Citigroup.

The chairman of the House Financial Services Committee says he won’t seek reelection next year; CME Group hopes to launch a contract by yearend.

Eight leagues/associations now are part of class action response to massive hack, with two leagues – representing CUs in Nebraska, Arizona, Colorado and Wyoming – joining on Halloween.

The information you need to start your day, from PaymentsSource and around the Web. Today: New York and Vermont penalize Hilton over breaches; Microsoft pushes fintech in Japan; Dilbert's Scott Adams plans an IPO; Singapore approves a virtual currency card; GameStop ties rewards to subscription payments.

Many standard procedures are possible as there are significant similarities in the information requirements across the globe, writes Zac Cohen, general manager for Trulioo.