Legal & Regulation

Legal & Regulation
Musk Sues OpenAI for Prioritizing Profits Over Humanity
March 01, 2024

Elon Musk is suing OpenAI, supported by Microsoft, and its CEO, Sam Altman, accusing the company of deviating from the group’s mission to develop artificial intelligence that benefits humanity as a whole. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Says Financial Product Comparison-Shopping Tools Must Present Unbiased Results
February 29, 2024

The Consumer Financial Protection Bureau (CFPB) is working to crack down on companies that operate comparison-shopping tools for financial products and manipulate the results. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

AML
FATF Updates List of Countries Needing ‘Increased Monitoring’
February 29, 2024

The Financial Action Task Force (FATF) has added new countries to its “increased monitoring” list. 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....

ANTITRUST
Google and Epic Games Hit Roadblock in Antitrust Negotiations
February 29, 2024

Antitrust talks between Google and Epic Games are reportedly at a standstill. 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, you...

Legal & Regulation
UK Electronic-Money Company Transactive Systems to Cease Operations
February 28, 2024

Transactive Systems, an electronic-money company in the United Kingdom, is reportedly ceasing operations following the revocation of one of its licenses due to concerns about money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
New York DFS Announces Settlement With Gemini Trust
February 28, 2024

The New York State Department of Financial Services (DFS) said Wednesday (Feb. 28) that Gemini Trust Company has agreed to return at least $1.1 billion to customers of its Gemini Earn Program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
CFPB to Propose Rules Limiting Activities of Data Brokers
February 28, 2024

The Consumer Financial Protection Bureau (CFPB) will propose rules this year to limit the activities of data brokers, including those that sell personal data to customers overseas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
February 28, 2024

Attorneys for convicted cryptocurrency fraudster Sam Bankman-Fried say their client is “selfless,” “altruistic” and “misunderstood.” 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....

ANTITRUST
Report: Apple Makes Last-Minute Attempt to Halt Antitrust Suit
February 28, 2024

Apple reportedly made an eleventh-hour attempt last week to stave off a federal antitrust suit. 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...