Legal & Regulation

Legal & Regulation
Judge Rules Against Sanctioning Law Firm in Visa, Mastercard Settlement
July 15, 2024

A federal magistrate judge ruled Saturday (July 13) that plaintiffs law firm Milberg Coleman Bryson Phillips Grossman would not be sanctioned at this time for submitting fake claims in an antitrust settlement with Visa and Mastercard. Get the Full Story Complete the form to unlock...

Bank Regulation
Australian Banks Refund $19 Million to Low-Income Customers
July 15, 2024

Banks in Australia are issuing $19 million in refunds to low-income customers. 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
PayPal Fined $27 Million for Contract Violations in Poland
July 15, 2024

A Polish regulator fined PayPal $27.3 million over allegedly “unprecedented” user agreement violations. 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
FTC Warns Franchisors About Junk Fees
July 12, 2024

The Federal Trade Commission (FTC) warned franchisors Friday (July 12) that non-disparagement clauses and the imposition of previously undisclosed fees are against the law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bank Regulation
Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
July 12, 2024

Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts may be too vague, critics charged at a Congressional hearing held Friday (July 12). Get the Full Story Complete the...

Bank Regulation
BaFin: Solaris SE Must Improve Controls or Face Financial Penalties
July 12, 2024

German financial regulator BaFin said Friday (July 12) that Solaris SE faces financial penalties if it doesn’t improve its controls. 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...

Legal & Regulation
Trending: Next Steps for Apple as It Opens Its Ecosystem in Europe
July 12, 2024

For Apple, the iPhone and the App Store have historically been linchpins for its ecosystem — where the hardware is an onramp to a broad range of services that forge a continuum of commerce, content and payments. Get the Full Story Complete the form to...

Legal & Regulation
House Committee Votes to Aid Defense of TikTok Ban
July 11, 2024

The U.S. House Energy and Commerce Committee reportedly voted Thursday (July 11) to give the Justice Department a transcript of a closed-door hearing about threats posed by TikTok. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
CFPB Proposes Rule Requiring Mortgage Servicers to Help Struggling Homeowners
July 10, 2024

The Consumer Financial Protection Bureau (CFPB) aims to require mortgage servicers to do more to help struggling homeowners before foreclosing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....