Legal & Regulation

Legal & Regulation
FTC Investigating Companies’ Use of Personal Data to Set Prices
July 23, 2024

The Federal Trade Commission (FTC) is looking to learn more about companies’ use of personal data to categorize individuals and set individualized prices for the same goods or service — a practice it calls “surveillance pricing.” Get the Full Story Complete the form to unlock...

ANTITRUST
EU Launches Delivery Hero and Glovo Antitrust Investigation
July 23, 2024

Delivery Hero and its Spanish unit Glovo are under investigation by Europe’s antitrust watchdog. 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...

AML
Financial Technology Protection Act Passes House, Heads to Senate
July 22, 2024

The House of Representatives passed a bill on Monday (July 22) that is designed to combat the use of financial technology for illicit finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
FTC: Federal Court Freezes Assets of USA Student Debt Relief
July 22, 2024

The Federal Trade Commission (FTC) said Monday (July 22) that a federal court halted the operations and froze the assets of the operators of USA Student Debt Relief (USASDR). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

AML
Regulators’ Actions vs Green Dot and Other Banks Highlight Scrutiny Over AML Practices
July 22, 2024

Enforcement actions and fines from regulators — the Federal Reserve, the Office of the Comptroller of the Currency and others — highlight the growing scrutiny on anti-money laundering (AML) efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
International Financial Stability Board Chair: Non-Bank Vulnerabilities Threaten Financial System
July 22, 2024

A top global financial watchdog says the “shadow banking” sector needs more regulation. 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
Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
July 19, 2024

The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Bank Regulation
Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
July 19, 2024

Open banking, as it emerges more fully in the United States, promises to bring personalized services and products to customers, expanding financial access. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
CFPB Targets Tipping Model Used by Serena Williams-Backed SoLo Funds
July 19, 2024

The Consumer Financial Protection Bureau (CFPB) is intensifying its scrutiny of SoLo Funds, a lending startup backed by tennis star Serena Williams. The CFPB has introduced a proposed rule that would restrict the way SoLo charges its customers. Get the Full Story Complete the form...