Legal & Regulation

ANTITRUST
Judge Says Plaintiffs Can File Amended Antitrust Lawsuit Against Google
August 12, 2024

A federal judge in California is giving plaintiffs a chance to file an amended lawsuit after dismissing their antitrust lawsuit against Google. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Bank Regulation
Fed Enforcements Now Focus on Instant Payments and Tokens
August 09, 2024

A recent enforcement action by the Federal Reserve taken against Customers Bancorp and its Customers Bank subsidiary has taken note of the risks and challenges inherent in handling digital assets — and faster payments, too. Get the Full Story Complete the form to unlock this...

CFPB
CFPB: Credit Repair Cloud Let Companies Collect Illegal Fees
August 08, 2024

Since 2013, Credit Repair Cloud has sold software and products to credit repair businesses. 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...

ANTITRUST
UK’s CMA Launches Merger Inquiry Into Amazon Partnership With Anthropic
August 08, 2024

Amazon’s partnership with artificial intelligence company Anthropic is being investigated by the United Kingdom’s competition and markets 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...

Legal & Regulation
FTX and Alameda Pay $12.7 Billion to End CFTC Lawsuit
August 08, 2024

FTX and sister company Alameda Research have agreed to pay their creditors $12.7 billion. 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....

Bank Regulation
Regulators’ Joint Statement Details Concerns on Bank/FinTech Tie-Ups
August 07, 2024

The joint statement and requests for information issued by several agencies late last month on “potential risks” inherent in bank/FinTech relationships spotlight regulators’ concerns on banks’ reduced control and visibility into critical financial functions. Get the Full Story Complete the form to unlock this article...

Legal & Regulation
CFPB to Crack Down on ‘Predatory’ Lending in Solar Industry
August 07, 2024

The Consumer Financial Protection Bureau (CFPB) released an issue spotlight and a consumer advisory about “predatory” lending related to solar panel installations and said it will work with other government agencies to crack down on these abuses. Get the Full Story Complete the form to...

Legal & Regulation
FDIC Wants Closer Look at $8 Trillion in Uninsured Deposits
August 07, 2024

Uninsured deposits have been in the spotlight of the regulatory gaze through the past year and a half. 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...

ANTITRUST
Google Vows to Appeal Antitrust Ruling as Tech Industry Speculates on Implications
August 06, 2024

Day one of the post-Google antitrust ruling era kicked off with a reaction from the defendant in the case and a slew of “what ifs” about the implications of the decision for the connected economy. Get the Full Story Complete the form to unlock this...