Legal & Regulation

Legal & Regulation
Capital One Says Repair of Discover’s Regulatory Challenges a ‘Big Undertaking’
February 27, 2024

Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. 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
New York Times Says OpenAI ‘Hacking’ Claim is ‘Bizarre’
February 27, 2024

The lead counsel for The New York Times said Tuesday (Feb. 27) that OpenAI’s claims that the publisher “hacked” its artificial intelligence (AI) systems to produce misleading results “bizarrely mischaracterizes” the situation. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
HFSC Chairman Patrick McHenry Reintroduces Legislation to Create Regulatory Sandboxes
February 27, 2024

The Financial Services Innovation Act will again be considered by the U.S. House of Representatives. 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....

Legal & Regulation
FSB: Money Market Vulnerabilities Could Cause ‘Larger Contagion’
February 27, 2024

The Financial Stability Board said regulations governing money market funds must be stronger. 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....

CFPB
CFPB Establishes Supervisory Authority Over World Acceptance
February 26, 2024

The Consumer Financial Protection Bureau (CFPB) has taken action to establish supervisory authority over installment lender World Acceptance Corp., saying it aims to ensure compliance with federal consumer financial protection laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

AML
Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA
February 22, 2024

Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024

India’s banking regulator has made some high-profile enforcement moves in recent weeks. 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
Chase Faces Lawsuit Over Fees on Deposited Checks That Bounce
February 21, 2024

JPMorgan Chase is facing a lawsuit over fees for deposited checks that bounce. 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....

Legal & Regulation
Bankman-Fried to Appear in Court for First Time Since Conviction
February 21, 2024

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, is set to appear in court Wednesday (Feb. 21) for a hearing on his new lawyer’s possible conflict of interest. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...