Legal & Regulation

CFPB
CFPB Fines Toyota Motor Credit $60 Million for Illegal Practices
November 20, 2023

The Consumer Financial Protection Bureau (CFPB) ordered Toyota Motor Credit to pay a $60 million fine for engaging in illegal lending practices and credit reporting misconduct. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

AML
France Vies to Host EU’s New Anti-Money Laundering Agency
November 17, 2023

France is vying to host the European Union’s anti-money laundering (AML) agency, with French Finance Minister Bruno Le Maire presenting Paris as an ideal location for the agency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Bank Regulation
Report: Regulators Issue Formal Orders to Wells Fargo to Enhance Monitoring
November 16, 2023

Wells Fargo is reportedly grappling with regulatory obligations to enhance its monitoring of financial crime. 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
FTC Seeks Ideas to Prevent Misuse of AI-Enabled Voice Cloning
November 16, 2023

The Federal Trade Commission (FTC) has taken a proactive stance in protecting consumers from the potential dangers of artificial intelligence-enabled voice cloning technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
CFPB: Medical Bills Account for 15% of Consumer Complaints
November 16, 2023

American consumers are routinely hounded over medical bills they don’t even owe. 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...

CFPB
CFPB Bans Enova From Offering Certain Consumer Loans
November 15, 2023

The Consumer Financial Protection Bureau (CFPB) has ordered online lender Enova International to pay a $15 million penalty, banned it from offering certain consumer loans and required it to tie executive compensation to its compliance with federal consumer financial protection laws. Get the Full Story...

Legal & Regulation
Judge Rejects Social Media Companies’ Efforts to Dismiss Lawsuits
November 14, 2023

A federal judge in Oakland, California, has ruled against major social media companies, rejecting their efforts to dismiss nationwide litigation accusing them of illegally enticing and addicting millions of children to their platforms. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
FTX and BlockFi Get Permission to Begin Settlement Talks
November 14, 2023

A federal judge said cryptocurrency firms FTX and BlockFi can begin discussing a settlement. 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
Judge Investigates ‘Suspicious’ Settlement Website Related to Visa, Mastercard Case
November 13, 2023

Class-action settlements often involve websites with information for the class members. 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...