Legal & Regulation

Legal & Regulation
Lawmakers Demand FinCEN Educate Businesses on Beneficial Ownership Reporting Requirements
June 08, 2023

Lawmakers are demanding greater clarity on FinCEN’s forthcoming beneficial ownership reporting requirements. 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
Credit Card Competition Act Puts Merchants, Not Consumers, in Charge of Card Rewards and Payments...
June 07, 2023

If at first you don’t succeed, try, try again. That seems to be the prevailing sentiment Wednesday (June 7) when it was announced that the Credit Card Competition Act legislation is being reintroduced on Capitol Hill.   Get the Full Story Complete the form to unlock this...

Legal & Regulation
FTC Highlights Enforcement Actions Related to Financial Abuses
June 07, 2023

The Federal Trade Commission (FTC) undertook enforcement actions around automobile purchasing and financing, payday lending, and credit repair and debt relief in 2022. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
June 07, 2023

Authorized push payments (APP) fraud victims in the U.K. could soon see faster reimbursements. 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
Wirecard Trial Testimony: Ex-CEO Said Compliance Was ‘Crap’
June 07, 2023

Former Wirecard CEO Markus Braun was apparently not a big fan of compliance. 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....

CFPB
CFPB Warns Against ‘Poorly Deployed’ Banking Chatbots
June 06, 2023

America’s consumer protection watchdog says it’s monitoring the banking sector’s use of AI-powered chatbots. 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
Banks Say New Capital Requirements Will Stifle Lending
June 05, 2023

American regulators are reportedly preparing to impose new capital requirements on the country’s larger banks. 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
House GOP Crypto Bill Lays Out SEC and CFTC Roles
June 04, 2023

House Republicans have unveiled legislation they say fills in gaps in the country’s cryptocurrency regulations. 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
Latest FTX Filings Show Bankman-Fried Is Banking on Being Freed
June 02, 2023

Sam Bankman-Fried has long professed his innocence. Now, he’s building a case to show he’s not guilty. 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....