Legal & Regulation

CFPB
Critics Blast CFPB’s ‘One-Size-Fits-All’ Approach to Digital Payments Oversight
March 13, 2024

The Consumer Financial Protection Bureau (CFPB) is overstepping its bounds when it comes to regulating digital payments firms — especially larger players — critics charged at a Wednesday (March 13) House hearing. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
Swedish Court Fines Klarna $733,324 for Flaws in Privacy Notice
March 11, 2024

Klarna has reportedly been fined 7.5 million Swedish crowns ($733,324) after a Swedish court ruled that the company violated the European Union’s (EU) General Data Protection Regulation (GDPR). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Report: Shein to be Subjected to DSA Rules
March 08, 2024

Fast-fashion giant Shein is reportedly facing scrutiny under the European Union’s Digital Services Act (DSA). 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
US Chamber Sues CFPB to Block Credit Card Late Fee Limits
March 07, 2024

The U.S. Chamber of Commerce filed a lawsuit against the Consumer Financial Protection Bureau, aiming to stop the agency from implementing its new rule to limit credit card late fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation
March 07, 2024

The Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) from critics who charged that caps on credit card late fees, and other actions, would hurt innovation and banks’ customers in the long run. Get the Full Story Complete the...

Legal & Regulation
Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities
March 06, 2024

Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
OpenAI Plans to Move to Dismiss Elon Musk’s Lawsuit
March 06, 2024

OpenAI plans to move to dismiss all the claims made in a lawsuit by Elon Musk. 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
Apple Blocks Developer Account for Epic Games Amid Continuing Disputes
March 06, 2024

Apple has blocked Epic Games from getting a developer account that Epic planned to use to launch a new app store on iPhones in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Bank Regulation
India to Banks: No More Exclusive Credit Card Agreements
March 06, 2024

India wants its banks to stop forging exclusive arrangements with credit card networks. 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....