Legal & Regulation

Legal & Regulation
Battle Over CFPB Small Business Data Collection Continues After Senate Vote
October 22, 2023

The battle over the Consumer Financial Protection Bureau’s (CFPB) efforts around small business data collection continues following a Senate vote to reverse that rule. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
FTX Trial: The Adults Are Tanking ‘Cool Kid’ Bankman-Fried’s Defense
October 20, 2023

It is the end of the third week of Sam Bankman-Fried’s multibillion-dollar criminal fraud trial. 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,...

Legal & Regulation
Ex-FTX Lawyer Testifies Company Falsely Promised Asset Protection
October 19, 2023

A former FTX lawyer testified that the company had falsely promised institutional customers, including hedge fund Sculptor Capital Management, that their assets would be safe in the event of insolvency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
October 19, 2023

The Consumer Financial Protection Bureau’s open banking rule is a rough draft. 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
Challenges and Changes Loom as Fed Mulls and Court Considers Debit Interchange Fees
October 19, 2023

Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Anthropic’s AI-Generated Lyrics Lead to Record Labels’ Lawsuit
October 19, 2023

Universal Music’s battle against chatbots continued Wednesday (Oct. 18) as it sued Anthropic. 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
Accounting Witness Testifies Bankman-Fried Treated Customer Billions as Piggy Bank  
October 18, 2023

In the 11th day of Sam Bankman-Fried’s criminal trial, the prosecution brought out an accountant. 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,...

Legal & Regulation
FTX Criminal Trial: Nishad Singh Sweats Under Cross-Examination 
October 17, 2023

Sam Bankman-Fried’s multibillion-dollar criminal financial fraud trial is nearing its halfway point.  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
Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App
October 17, 2023

The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed and cost of remittance transfers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...