Legal & Regulation

Legal & Regulation
FTX Engineering Chief Gets Probation in Crypto Fraud Case
October 30, 2024

One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
J.P. Morgan Sues TikTok Users Over ATM ‘Glitch’
October 29, 2024

Over the summer, a curious fad went viral on TikTok, involving Chase Bank. 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, PYMNTS Today....

Legal & Regulation
BPI: FDIC Bank Merger Rules Will Have ‘Chilling Effect’
October 29, 2024

The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions on investment, risk management and competitive positioning, a Bank Policy Institute (BPI) senior associate general counsel wrote. Get the Full...

Bank Regulation
J.P. Morgan’s Dimon Says Banks Must ‘Fight Back’ Against Regulators
October 28, 2024

Jamie Dimon, CEO of J.P. Morgan Chase, the largest bank in the United States, said Monday (Oct. 28) that his colleagues should fight against overregulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Amazon and Google File Dual Lawsuits Against Fake Review Site
October 28, 2024

Amazon and Google are taking action against a website that generates fake product/business reviews. 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, PYMNTS Today. By completing...

CFPB
CFPB’s Chopra Says Rule 1033 ‘Important Step’ for Data Privacy
October 28, 2024

The recent finalization of data-sharing rules may have sharpened the debate over risks and rewards of Section 1033 — to consumers, banks and FinTechs — and the rule has drawn its share of critics and legal actions. Get the Full Story Complete the form to...

Legal & Regulation
Musk’s X Payments on Hold After Legal Threat in NY
October 27, 2024

Last year, Elon Musk made a bold prediction about the future of his social media platform. 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
Banks’ Suit on CFPB Rule 1033 Predicts Private-Public Sector Clash on Open Banking
October 25, 2024

The Consumer Financial Protection Bureau released its final rule on data-sharing Tuesday (Oct. 22). 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, PYMNTS...

ANTITRUST
UK’s CMA Launches Antitrust Probe Into Alphabet’s $2 Billion Partnership With Anthropic
October 24, 2024

The U.K.’s Competition and Markets Authority (CMA), which is in charge of antitrust regulation, is investigating a partnership between tech giant Alphabet and artificial intelligence startup Anthropic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...