Legal & Regulation

Legal & Regulation
Microsoft to Unbundle Teams From Office in EU to Address Antitrust Concerns
August 31, 2023

Microsoft has announced plans to unbundle its Teams software from its Office suite in Europe in response to concerns raised in an antitrust investigation by the European Union (EU), The Wall Street Journal reported on Thursday (Aug. 31). Get the Full Story Complete the form to unlock...

Legal & Regulation
Less US Cannabis Restrictions Could Ease Sector’s Fragmented Payments System
August 30, 2023

In a significant development for the cannabis industry, U.S. health officials have recommended easing restrictions on cannabis and reclassifying it as a Schedule III drug under the Controlled Substances Act. The move could open the door to more cohesive payments systems in the sector. Get...

Legal & Regulation
Sam Bankman-Fried’s Defense Lawyers Seek Delay in Fraud Trial
August 30, 2023

The criminal fraud trial of FTX founder Sam Bankman-Fried is reportedly facing a potential delay. 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,...

AML
Switzerland Introduces New Anti-Money Laundering Measures
August 30, 2023

Switzerland is set to introduce new rules to tackle money laundering. 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
DOJ Moves to Strike All of Bankman-Fried’s Expert Witnesses 
August 30, 2023

Seven has not been a lucky number for disgraced FTX founder Sam Bankman-Fried lately.  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
Prosecutors Oppose Sam Bankman-Fried’s Request for Internet-Enabled Laptop
August 30, 2023

In the ongoing legal proceedings against former FTX CEO Sam Bankman-Fried, the issue of technological accommodations has become a point of contention between his defense team and federal prosecutors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bank Regulation
CFPB Director Rohit Chopra Says FDIC Proposal Is ‘Somewhat Weird’
August 29, 2023

The Federal Deposit Insurance Corp. (FDIC) should review two aspects of its proposed rule to reduce the risk around large bank failures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Legal & Regulation
Federal Reserve Sets Guidelines for Banks’ Use of Stablecoins
August 28, 2023

A new Federal Reserve supervisory letter on the process for state member banks using dollar tokens, such as stablecoins, to facilitate payments has drawn the ire Monday (Aug. 28) of members of Congress. Get the Full Story Complete the form to unlock this article and...

CFPB
CFPB Reaches $2.7 Billion Settlement With Credit Repair Firms
August 28, 2023

America’s biggest credit repair companies could be forced to give up telemarketing. 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...