Legal & Regulation

CFPB
CFPB Could Use Credit Reporting Act Against Data Brokers
August 16, 2023

America’s consumer watchdog wants to crack down on “data brokers” who collect and sell people’s personal information. 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...

Legal & Regulation
Report: DOJ Investigates Visa Merchant Practices
August 16, 2023

Visa is reportedly the target of a Department of Justice (DOJ) probe into its tokenization practices. 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....

Legal & Regulation
NY Regulator Wants to Rein in ‘Abusive’ Prescription Drug Pricing
August 16, 2023

New York’s financial regulator wants to regulate the companies that help set prescription drug costs. 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
SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
August 15, 2023

Embattled lender SVB Financial, which is embroiled in a dispute with the U.S. Federal Deposit Insurance Company (FDIC), says it is losing $8.5 million a month in interest, which is enough to cover the company’s bankruptcy lawyers and other court costs, Reuters has reported. Get...

Legal & Regulation
A Crypto Crime Chronicled: Prosecutors Lay Out Case Against Bankman-Fried
August 15, 2023

Facing consequences is something relatively new for alleged cryptocurrency criminal Sam Bankman-Fried. 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
CFPB to Call for Expansion of Regulation of Tracking and Selling Personal Data
August 15, 2023

The Consumer Financial Protection Bureau (CFPB) will propose new regulations directed at companies that track and sell people’s personal data. 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...

Bank Regulation
Banks Need Data Providers to Grapple With the Changes in KYB Compliance
August 15, 2023

Charles Zhu, vice president of product at Enigma, said “know your business” (KYB) mandates can be onerous on financial institutions (FIs) building an in-house compliance process.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Experian Consumer Services Faces $650,000 Fine for Spam Emails
August 14, 2023

The Federal Trade Commission (FTC) is hitting Experian Consumer Services (ECS) with a $650,000 fine over charges that it sent its customers unsolicited emails without providing them a way to unsubscribe. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
FTX’s Bankman-Fried Trades Parent’s Home for Prison as Judge Revokes Bail
August 11, 2023

It is official: orange is the new black for accused crypto criminal Sam Bankman-Fried. 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...