Legal & Regulation

Bank Regulation
NYC Commission Votes to Limit Municipal Deposits at Capital One, KeyBank
May 26, 2023

The New York City Banking Commission has voted to limit new municipal deposits in the city’s accounts at Capital One and KeyBank. 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
European Commissioners Say Google CEO Agrees Voluntary AI Rules Needed
May 24, 2023

Two European Commission officials said Google CEO Sundar Pichai agreed there’s a need for voluntary rules around artificial intelligence (AI). 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
Class-Action Lawsuit Targets TD Bank After Failure of First Horizon Deal
May 23, 2023

A class-action lawsuit has reportedly been filed against TD Bank following its failed attempt to acquire First Horizon Bank. 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...

CFPB
CFPB: Citizens Bank to Pay $9 Million Fine Over Credit Card Billing Errors
May 23, 2023

The Consumer Financial Protection Bureau (CFPB) and Citizens Financial Group have reached a settlement on a CFPB complaint. 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...

Bank Regulation
Fed Governor Says Changes to Banking Regulations Should be ‘Targeted’
May 19, 2023

A Federal Reserve governor said changes to banking regulations should be “targeted,” not broad and fundamental. 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...

Legal & Regulation
US Lawmakers Debate Dueling Stablecoin Bill Drafts
May 18, 2023

U.S. lawmakers faced off Thursday (May 18) over two proposed stablecoin bills. 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...

Legal & Regulation
FTX Subsidiaries Sue to Claw Back $6.9 Million From Embed
May 18, 2023

Two of FTX’s businesses are suing to recover $6.9 million from Embed Financial. 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...

Bank Regulation
McHenry: Biden Created ‘Perfect Storm’ for Banking Crisis
May 17, 2023

A top House Republican says White House “mismanagement” helped trigger the recent banking crisis. 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...

Bank Regulation
TD Bank Reportedly Will Need Years to Address Regulators’ Concerns
May 15, 2023

Although TD Bank has capital on hand to make acquisitions, it reportedly won’t be able to make them in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....