Legal & Regulation

Legal & Regulation
Lawmakers Urge Regulators to Make Financial Data More Accessible
May 16, 2024

Members of Congress from both houses and both parties sent a letter Tuesday (May 14) to the heads of eight federal financial regulatory agencies, urging them to implement the Financial Data Transparency Act (FDTA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
Supreme Court Rules CFPB Funding Mechanism Constitutional
May 16, 2024

The Supreme Court ruled Thursday (May 16) that the Consumer Financial Protection Bureau’s funding mechanism is constitutional. 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...

Legal & Regulation
UK Relaxes ‘Land-Based Gambling’ Rules as Online Betting Grows
May 16, 2024

The British government is loosening its rules for brick-and-mortar betting businesses as online gambling grows. 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...

CFPB
CFPB Pays $384 Million to Victims of Think Finance Scheme
May 14, 2024

Eleven years ago, Think Finance was named one of Forbes’ most promising companies. 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...

CFPB
Supreme Court Ruling on CFPB’s Fate May Rewrite the Rules of Banking and Credit
May 14, 2024

For the Consumer Financial Protection Bureau (CFPB), the courts have been a hotbed of action, lawsuits, appeals and back-and-forth between lawyers. 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...

Legal & Regulation
Airlines Sue DOT Over New Fee Disclosure Rules
May 13, 2024

Airlines are reportedly suing the U.S. Transportation Department (DOT) over new fee rules. 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...

Bank Regulation
Banks Urge Fed to Withdraw Rule Lowering Cap on Debit Interchange Fees
May 10, 2024

Beyond the Consumer Financial Protection Bureau (CFPB)’s new rule that would cap credit card late fees, banks are girding for the impact of the Federal Reserve’s updated Reg II proposal, which would cap debit interchange fees. Get the Full Story Complete the form to unlock...

Legal & Regulation
Porch Group Sues China Construction Bank, Alleging Reinsurance Fraud
May 10, 2024

Porch Group, a U.S. homeowners insurance and home inspection software company, reportedly sued China Construction Bank (CCB), alleging reinsurance fraud. 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...

Legal & Regulation
CFPB’s Credit Card Late Fee Rule Could Create Buy Now, Pay Later Windfall
May 09, 2024

The laws of physics dictate that for every action, there is a reaction. 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...