Legal & Regulation

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...

Legal & Regulation
Court Orders Independent Bankruptcy Examiner to Investigate FTX Collapse 
January 19, 2024

A federal appeals court has ordered an investigation into the collapse of bankrupt cryptocurrency exchange FTX.  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,...

CFPB
CFPB Sues Strategic Financial Solutions Over Alleged Fee Collection
January 19, 2024

The Consumer Financial Protection Bureau (CFPB) announced Friday (Jan. 19) that it has launched a lawsuit against Strategic Financial Solutions (SFS), charging it with running an illegal debt-relief business.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

ANTITRUST
EU Invites Comments on Solutions to Apple Pay Competition Issues
January 19, 2024

The European Commission (EC) has invited comments on the commitments offered by Apple to address competition concerns related to access restrictions for contactless payments on mobile devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Bankman-Fried’s Parents Seek to Quash FTX Lawsuit
January 17, 2024

Sam Bankman-Fried’s parents say they can’t be held accountable for their son’s actions at FTX. 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
CFPB Says Overdraft Fees Are Junk Fees — But Are They?
January 17, 2024

Labels are popular on Capitol Hill. 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 agree to...

Bank Regulation
CFPB Moves to Close ‘Outdated’ Bank Overdraft Loophole
January 17, 2024

The White House wants to limit the overdraft fees banks can charge customers. 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...

Legal & Regulation
Genesis Global Trading to Pay $8 Million Penalty, Surrender BitLicense
January 12, 2024

The New York State Department of Financial Services (DFS) has announced that Genesis Global Trading will pay an $8 million penalty to the state and surrender its BitLicense.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
American Express Faces Class-Action Lawsuit on Rules for Merchants 
January 10, 2024

Debit card users in nearly a dozen states have been granted the ability to pursue class-action claims against American Express.  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...