Legal & Regulation

CFPB
CFPB Says It Is Monitoring Credit Card Rewards Programs
May 09, 2024

The Consumer Financial Protection Bureau (CFPB) said Thursday (May 9) that it will be monitoring credit card rewards programs and taking action as appropriate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
UK’s FCA Defends Proposal to Disclose Companies Under Investigation
May 08, 2024

The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, has reportedly faced a backlash from the industry regarding its proposal to publicly disclose companies under investigation.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
TikTok and ByteDance File Suit Challenging Constitutionality of Ban
May 07, 2024

TikTok and its parent company ByteDance filed a lawsuit Tuesday (May 7) asking the court to review the constitutionality of a law that requires ByteDance to sell TikTok’s U.S. business or have it shut down. Get the Full Story Complete the form to unlock this article and enjoy...

CFPB
Chime Financial and CFPB Reach Settlement on Delayed Balance Refunds
May 07, 2024

Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Cryptocurrency Super PACs Among Top Fundraisers for 2024 Elections
May 06, 2024

Cryptocurrency sector-backed super political action committees (PACs) have become one of the top three fundraisers in the 2024 election season.  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
CFPB Alleges Organizations Ignored Student Loan Borrowers’ Payment Relief Requests
May 06, 2024

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against the National Collegiate Student Loan Trusts and Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that they ignored student loan borrowers seeking payment relief. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Bank Regulation
Banking Regulators’ Guide to Third-Party Risk Management Spotlights Community Banks’ Vulnerabilities
May 06, 2024

The rise of open banking and FinTechs is changing the fabric of financial services. 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
Google Asks Judge to Reject Proposed Changes to App Store
May 03, 2024

Google reportedly asked a judge to reject an Epic Games proposal that would reform how the Google Play store operates. 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
Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling
May 03, 2024

Wells Fargo said Thursday (May 2) that U.S. authorities are investigating the handling of complaints about Zelle. 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,...