Legal & Regulation

Legal & Regulation
Report: Google Asks FTC to End Microsoft-OpenAI Cloud Deal
December 11, 2024

Google reportedly asked the Federal Trade Commission (FTC) to end Microsoft’s exclusive agreement to host OpenAI’s technology on its cloud servers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Bank Regulation
Wells Fargo CEO More Confident in Bank’s Compliance Controls
December 11, 2024

Wells Fargo’s CEO reportedly has more confidence in his bank’s efforts to remedy its compliance issues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Legal & Regulation
Albertsons Takes Kroger to Court After Grocery Merger Collapses
December 11, 2024

Albertsons has sued fellow grocery giant Kroger over the failure of their $24.6 billion merger. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Legal & Regulation
Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
December 11, 2024

Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Bank Regulation
Klarna Fined $50 Million for Anti-Money Laundering Defects
December 11, 2024

Klarna has been fined $50 million in Sweden over faults in its anti-money laundering protections. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Legal & Regulation
FTC Begins Sending Refunds to Victims of Debt Collection Scheme
December 10, 2024

The Federal Trade Commission (FTC) is sending over $540,000 in refunds to consumers harmed by a debt collection scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Legal & Regulation
Three Things to Watch as FDIC Tightens Up on FinTech
December 10, 2024

Several watchdogs and agencies are sharpening their gaze on FinTechs, specifically bank-FinTech relationships and the risks tied to those partnerships. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Legal & Regulation
Lawsuit Alleges UK’s FCA Unfairly Excluded Some Businesses From Compensation
December 10, 2024

A lawsuit in the United Kingdom alleges that the country’s Financial Conduct Authority (FCA) unfairly “shut out” some small businesses when compensating customers who were mis-sold interest rate hedges between 2001 and 2011. Get the Full Story Complete the form to unlock this article and...

CFPB
Consumer Bankers Association Aims to Reverse CFPB’s ‘Radical Pendulum Shift’
December 09, 2024

The Consumer Bankers Association (CBA) said Monday (Dec. 9) that the incoming Trump administration and new Congress present opportunities to reverse the Consumer Financial Protection Bureau’s (CFPB) “radical pendulum shift.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...