Legal & Regulation

CFPB
Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
January 30, 2024

Three members of Congress have urged the Consumer Financial Protection Bureau (CFPB) to reopen and extend the public comment period on its proposed rule that would allow it to supervise large nonbank companies that offer services like digital wallets and payment apps. Get the Full Story Complete the form...

Legal & Regulation
New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
January 30, 2024

New York Attorney General Letitia James accused Citi of failing to protect fraud victims. 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...

Bank Regulation
OCC Calls for More Transparency Into Bank Mergers
January 29, 2024

A top U.S. financial regulator wants more transparency into bank mergers. 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...

CFPB
CFPB Proposes Banning NSF Fees on Declined Real-Time Payments
January 24, 2024

The Consumer Financial Protection Bureau proposed a new rule to prevent banks and other financial institutions from charging non-sufficient funds fees on transactions declined in real time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Apple Fees Could Be Harbinger for Big Tech Ahead of EU Digital Markets Act Deadline
January 24, 2024

For Apple, the opening of the ecosystem proceeds apace in Europe. 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
Debate Over Debit Interchange Caps Set to Heat Up as Commentary Deadline Is Pushed Out
January 24, 2024

The debate over debit card interchange fees — and the cap on those fees — looks set to rage for at least a few more months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
FTC Upholds September Ruling Finding Intuit’s ‘Free’ Products Advertising Deceptive
January 23, 2024

Intuit, the maker of TurboTax tax filing software, has been found to have engaged in deceptive advertising practices, according to an Opinion and Final Order issued by the Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bank Regulation
Federal Reserve Extends Comment Period on Interchange Fee Proposal
January 23, 2024

The Federal Reserve Board has extended the comment period on its interchange fee proposal. 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...

Bank Regulation
FSB to Recommend Measures to Control Bank Runs Spurred by Social Media
January 22, 2024

The Financial Stability Board (FSB) is set to deliver a report to the G20 in October, shedding light on the influence of social media in accelerating bank deposit outflows and the potential need for changes to liquidity rules. Get the Full Story Complete the form to unlock this article...