Legal & Regulation

CFPB
CFPB Proposal Prompts Customers to Contact Providers Before Regulators With Remittance Questions
September 20, 2024

With remittances, when in doubt, check it out. 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, you...

Legal & Regulation
Macquarie to Pay $79.8 Million to Settle SEC Fraud Charges
September 19, 2024

The Securities and Exchange Commission (SEC) said Macquarie Investment Management Business Trust (MIMBT) will pay $79.8 million to settle fraud charges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

CFPB
CFPB Aims to Apply Privacy Protections to Data Brokers
September 19, 2024

The Consumer Financial Protection Bureau (CFPB) will soon propose a rule that would apply privacy protections to data brokers, CFPB Director Rohit Chopra said Thursday (Sept. 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
EU Wants Apple to Give Third Parties Operating System Access
September 19, 2024

European regulators want Apple to open its operating system to third-party developers. 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...

Bank Regulation
UK’s FCA Cautions Banks About Lowering Savings Rates Too Quickly
September 18, 2024

At a time when the market expects interest rates to continue dropping, the United Kingdom’s Financial Conduct Authority (FCA) is cautioning banks and building societies about lowering the rates they offer on consumers’ savings faster than they raised them. Get the Full Story Complete the...

Legal & Regulation
Yotta Alleges Theft of Customer Funds in Evolve Lawsuit
September 18, 2024

The continued fallout from the collapse of Synapse Financial Technologies has heightened the discussion — and regulatory examination — of how end-user and various types of accounts are handled as FinTechs and banks join forces. Get the Full Story Complete the form to unlock this...

Legal & Regulation
SEC and Prager Metis Settle Charges Related to FTX Audits
September 17, 2024

The Securities and Exchange Commission (SEC) has announced a settlement with audit firm Prager Metis that includes charges related to the firm’s audits of FTX. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Brazil to Bar Use of Credit Cards in Online Gambling
September 17, 2024

Online gambling companies reportedly will be prevented from operating in Brazil if they haven’t requested authorization to do so. 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...

Legal & Regulation
FTC Gets $40 Million Settlement in Alleged Unauthorized Billing Scheme
September 17, 2024

Defendants who allegedly enrolled consumers, without their knowledge, into continuity plans for products they did not buy will forfeit assets valued at $40 million and be banned from certain conduct. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...