Legal & Regulation

ANTITRUST
Discover’s Pulse Network Settles Antitrust Suit Against Visa
June 16, 2024

Discover’s Pulse Network has settled a 10-year-old antitrust suit against Visa. 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...

Legal & Regulation
Apple’s App Store, Meta’s AI Assistant Face Challenges in Europe
June 14, 2024

Two American tech giants are reportedly facing new regulatory challenges in Europe. 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
Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
June 13, 2024

Credit card swipe fee litigation that has been fought for two decades is reportedly likely to remain unresolved for some time longer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
White House to Nominate CFTC Commissioner Christy Goldsmith Romero to Head FDIC
June 13, 2024

President Joe Biden plans to nominate Christy Goldsmith Romero, who is currently a commissioner at the Commodity Futures Trading Commission (CFTC), to become chair and member of the Federal Deposit Insurance Corp. (FDIC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
UK Court Resolves Legal Dispute Between JPMorgan, Viva Wallet Founder
June 13, 2024

A Thursday (June 13) ruling by a London High Court judge reportedly resolved a legal dispute between J.P. Morgan Chase & Co. and Haris Karonis, the founder and CEO of Greek FinTech company Viva Wallet. Get the Full Story Complete the form to unlock this...

Legal & Regulation
SEC Seeks Federal Judge’s Approval of Settlement With Terraform Labs
June 12, 2024

The Securities and Exchange Commission reportedly asked a federal judge Wednesday (June 12) to approve a settlement with Terraform Labs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Legal & Regulation
Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
June 12, 2024

If there’s a surety in FinTech, and particularly within banking as a service, it’s that there will be more regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

CFPB
At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
June 12, 2024

Consumer Financial Protection Bureau Director Rohit Chopra took note during his Wednesday appearance before the Senate Banking Committee that companies including PayPal and JPMorgan are monetizing customers’ financial data — warning the country is moving toward an age of “financial surveillance.” Get the Full Story...

CFPB
McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
June 11, 2024

House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying it would upend the American credit and healthcare systems. Get the Full Story Complete the form to unlock this article...