Legal & Regulation

Legal & Regulation
FTC Charges 2 Groups of Defendants, Alleging Unauthorized Billing Scheme
July 01, 2024

The Federal Trade Commission (FTC) filed a complaint against two groups of defendants, alleging they participated in an unauthorized billing scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

ANTITRUST
Report: Nvidia Target of French Antitrust Charges
July 01, 2024

Chipmaker Nvidia is reportedly about to be charged with antitrust violations in France. 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
Thread Bank Responds to FDIC Enforcement Action
July 01, 2024

2024 is fast becoming the summer of consent orders for smaller banks. 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
Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
July 01, 2024

The Supreme Court handed a victory to retailers battling debit card “swipe fees.” 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....

AML
DEA: Drug Traffickers Found Citi ‘Favorable’ for Money Laundering
July 01, 2024

Federal investigators say drug traffickers laundered money through Citigroup, believing it had looser fraud 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,...

Legal & Regulation
SEC Charges Web3 Firm Consensys With Unregistered Sale of Securities
June 28, 2024

The Securities and Exchange Commission (SEC) sued Consensys Friday (June 28), charging the blockchain and Web3 software company with engaging in the unregistered offer and sale of securities and with operating as an unregistered broker. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
Making Sense of the FASB’s Proposed Business Software Accounting Changes
June 28, 2024

Tax rules for businesses around their software costs haven’t changed in nearly half a century. 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,...

CFPB
Following Court Orders, CFPB Extends Small Business Lending Rule Deadlines
June 25, 2024

The Consumer Financial Protection Bureau (CFPB) has extended the compliance dates for its small business lending rule pursuant to court orders. 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...

ANTITRUST
Microsoft’s Teams Accused of Violating EU Antitrust Rules
June 25, 2024

European regulators say Microsoft’s Teams may have breached its antitrust rules through “possibly abusive” practices. 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,...