The Latest

Jay Clayton, the Wall Street lawyer tapped to lead the Securities and Exchange Commission, faces what could be an uncomfortable reunion this week with Senator Elizabeth Warren.

Within the payments industry, Braintree was a well-known technology provider even before it became a unit of PayPal in 2013. But as the company expands, it finds that its reach has its limits.

Retail-focused Provident Bank has added an on/off switch that allows customers to suspend their debit cards. A few big banks rolled out similar features last year.

Amer Sajed, a 56-year-old Pakistan-born immigrant to the U.S., will step down from his role leading the bank’s credit card business in July after being spurred into activism by President Trump's stances on social and other issues.

Tencent Holdings Ltd. is planning to spin off its e-book business as it boosts spending on payments and content to lure users and keep them glued to its WeChat service.

While there are inherent differences between student loan and mortgage servicing, recent claims against the largest student loan servicer echo the mortgage debacle.

U.S. Rep. Denny Heck – one of the few members of Congress to have worked in a credit union – is cheering legislation that could ease the process for chartering new CUs, but bemoaned that such legislation could also gut the consumer protections in Dodd-Frank.

Regulators want to make rules easier for small banks; auto loan defaults rise while used-car prices fall.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: LG Pay to launch in June; New York hits record for breaches; U.K.'s Three has a mobile number mishap; Amazon Prime expands voice ordering.

Some new data rules, such as the one in New York state governing cybercrime protection, require complex technology work to remain compliant. But the rules also leave room for outside help.