Legal & Regulation

AML
Jack Henry Debuts Defense Against Money Laundering
October 16, 2023

FinTech company Jack Henry has introduced a new tool to help banks combat fraud. 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 Asks for Access to Medication in Ongoing Trial
October 16, 2023

Disgraced FTX CEO Sam Bankman-Fried pleaded for access to his long-release Adderall in a late-night plea to U.S. District Judge Lewis Kaplan Sunday, per a CNBC report Monday (Oct. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Friends Become Foes: Prosecution Wraps Second Week of Bankman-Fried Trial
October 13, 2023

The government is creating a clear narrative in the Sam Bankman-Fried case: He ran the ship, he called shots, and he is responsible for stealing and losing the money. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bank Regulation
Banking Industry Pushes Back Against Proposed Capital Rules
October 13, 2023

Two of the largest U.S. banks said capital rules proposed by U.S. regulators could have significant impacts on credit availability and pricing for businesses and consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Ellison’s Closing Testimony — FTX Was ‘a Bad Idea’
October 12, 2023

The biblical hero Samson and modern anti-hero Sam Bankman-Fried have more in common than expected.   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
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an Oct. 12 (Thursday) statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
October 12, 2023

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have taken enforcement actions against consumer reporting company TransUnion, alleging multiple violations of the Fair Credit Reporting Act. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
TikTok to Argue in Court Against Montana’s Ban of Its App
October 12, 2023

TikTok is scheduled to present arguments before a federal judge Thursday (Oct. 12), aiming to get a preliminary injunction against a Montana ban on its app that is to take effect at the beginning of the year. Get the Full Story Complete the form to...

Legal & Regulation
Things Sam Is Freaking Out About: Probably His Ex-Girlfriend’s Testimony 
October 11, 2023

It was tears, not fireworks, for Caroline Ellison’s second day of testimony Wednesday (Oct. 11). 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,...