Legal & Regulation

Bank Regulation
CFPB Head Says FDIC Should Review More Changes in Bank Control
April 25, 2024

The Federal Deposit Insurance Corp. (FDIC) should change its rules to ensure that it reviews any “suspicious changes” in bank control, FDIC board member Rohit Chopra said Thursday (April 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB
CFPB Targets Mortgage Servicer ‘Junk Fees’
April 24, 2024

America’s consumer finance watchdog is targeting “junk fees” in the mortgage industry. 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 this form,...

Legal & Regulation
TikTok Divesture Aftermath Focuses on Potential Suitors
April 24, 2024

The clock is running out on TikTok’s U.S. ambitions. 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 this form,...

Legal & Regulation
Chamber of Commerce Plans to Sue to Overturn FTC Non-Compete Ban
April 24, 2024

The U.S. Chamber of Commerce is blasting the FTC’s new ban on non-compete clauses. 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
TikTok Ban Becomes Law as Social Commerce Takes Off
April 24, 2024

President Joe Biden has signed a law banning TikTok unless it’s sold within a year. 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
FI Operational Resiliency Goes Proactive as UK Regulations Loom
April 22, 2024

Bad things can happen to good companies. And with the news Friday (April 12) that instant money movement platform TabaPay is acquiring Synapse’s assets following the latter’s bankruptcy, operational resilience is increasingly top of mind for firms. Get the Full Story Complete the form to unlock this article and...

AML
Commerzbank Fined for Money Laundering Compliance Failure
April 22, 2024

A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering 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. By...

Legal & Regulation
 The Juggling Act That Can Cost Middle-Market Firms $10 Million
April 19, 2024

This week, an official with the Financial Conduct Authority (FCA), an agency tasked with overseeing firms and markets in the U.K., compared her job to that of a juggler. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bank Regulation
Canada’s Federal Budget Aims to Curb Overdraft Fees
April 18, 2024

Canada’s federal budget, released this week, includes a proposal to limit the fees that banks charge customers for overdrawing their accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...