Legal & Regulation

Bank Regulation
Fed Terminates Decade-Old Money Laundering Enforcement Action vs Citigroup
October 01, 2024

The Federal Reserve has terminated a decade-old enforcement action against Citigroup that focused on deficiencies tied to the banking giant’s anti-money laundering (AML) practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bank Regulation
Barclays Pays $4 Million in Swap Reporting Violations Case
October 01, 2024

British banking giant Barclays will pay $4 million to settle a U.S. regulatory case. 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...

Legal & Regulation
TD Bank Pays $20 Million to Resolve Spoofing Case
September 30, 2024

TD Bank is reportedly settling a case involving illegal “spoof” orders by a former trader. 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,...

ANTITRUST
Microsoft’s Omnipresence Catches Eye of German Antitrust Watchdog
September 30, 2024

Microsoft’s size and scope has gotten the attention of Germany’s antitrust regulator. 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...

Legal & Regulation
Epic Games Suing Google and Samsung Over App Store Competition
September 30, 2024

Epic Games is accusing Samsung and Google of a scheme to block their competition. 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 this form,...

AML
Report: TD Bank in Talks About Money Laundering Plea
September 29, 2024

TD Bank is reportedly close to a possible plea related to its anti-money laundering measures. 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,...

ANTITRUST
UK’s CMA Decides Amazon-Anthropic Partnership Won’t Lessen Competition in AI
September 27, 2024

The United Kingdom’s Competition and Markets Authority (CMA) said Friday (Sept. 27) that it decided it will not further investigate whether Amazon’s partnership with Anthropic created a relevant merger situation that could result in a lessening of competition. Get the Full Story Complete the form...

Legal & Regulation
Yellen: 2023 Bank Runs Highlight Need for ‘Thoughtful Regulation’
September 26, 2024

Treasury Secretary Janet Yellen said Thursday (Sept. 26) that it takes continuous work to build and maintain a resilient financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal & Regulation
Report: Wells Fargo Submits Third-Party Review to Federal Reserve
September 26, 2024

Wells Fargo reportedly submitted a third-party review of its risk and control overhauls to the Federal Reserve, seeking to end the Fed’s cap on its assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...