Legal & Regulation

CFPB
CFPB Director Calls for Stronger Data Protections
October 06, 2023

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has reportedly expressed concerns about the potential risks posed by payment systems that enable excessive surveillance and financial censorship.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
FTX Co-Founder Gary Wang Says Bankman-Fried Was Financial Crimes Mastermind
October 05, 2023

With friends like these, who needs enemies? 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...

Legal & Regulation
PayPal Faces Class-Action Lawsuit Alleging Anti-Competitive Practices
October 05, 2023

A class-action lawsuit has been filed against PayPal, alleging that the company engages in anti-competitive practices that result in higher prices for consumers during eCommerce transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
Report: FTX Workers Knew of Alameda ‘Backdoor’ Long Before Collapse
October 05, 2023

A new report sheds more light on FTX’s relationship with sister firm Alameda Research. 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
Bankman-Fried Trial: Defense Paints ‘Normal Guy’ Image
October 04, 2023

Observers might be wondering what the famously probabilistic Sam Bankman-Fried thinks about his chances now.  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
Jury Selection Completed in Sam Bankman-Fried Trial
October 04, 2023

Jury selection has been completed in the criminal fraud trial of Sam Bankman-Fried, the co-founder of FTX cryptocurrency exchange.  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...

Legal & Regulation
Federal Judge Denies SEC Request to Appeal Crypto Ruling
October 04, 2023

A federal judge reportedly denied the Securities and Exchange Commission’s (SEC) request to appeal a ruling regarding Ripple Labs’ cryptocurrency, XRP. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Bank Regulation
Instant Approval Helps Banks Streamline the KYB Process
October 04, 2023

Scott Steinberg, chief operating officer of Enigma Technologies, said there has been an evolution of know your business (KYB) practices — and there’s increased urgency to use technology to tackle “best practices” and satisfy existing and new laws. Get the Full Story Complete the form...

Legal & Regulation
Witnesses Are Set, Jury Isn’t for Sam Bankman-Fried’s Criminal Trial
October 03, 2023

It is the first day of the rest of FTX co-founder Sam Bankman-Fried’s life. 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...