Legal & Regulation

CFPB
CFPB Guidance: Consumer Reporting Agencies Must Eliminate ‘Junk Data’ 
October 20, 2022

When a credit report says that a child has a mortgage or that someone incurred a debt years before they were born, that’s obviously false “junk data,” according to the Consumer Financial Protection Bureau (CFPB).  Get the Full Story Complete the form to unlock this...

CFPB
Court Ruling on CFPB Structure Raises Questions on Rulemaking Authority
October 20, 2022

Only 12 years into its existence, and the Consumer Financial Protection Bureau (CFPB) may face an existential threat — or at least some significant restructuring. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
TechReg Weekly: EU, UAE Regulators Eye Data Protection Reform to Boost Innovation
October 20, 2022

Among the many ways digital technologies have shaped the way the world does business, the enhanced ability to collect and monetize customer data has been one of the most significant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB
CFPB: Active Network Duped Users Into $300M in Junk Fees
October 18, 2022

The Consumer Financial Protection Bureau (CFPB) has sued Active Network, saying the online event registration company duped people into signing up for its discount subscription club and generated $300 million in the process. Get the Full Story Complete the form to unlock this article and...

ANTITRUST
Meta Will Jettison Giphy Following CMA Ruling
October 18, 2022

Meta Platforms says it will sell the GIF generator Giphy following an order from the U.K.’s Competition and Markets Authority Tuesday (Oct. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
US Regulators Sound Cautious Note on FinTech Innovation
October 17, 2022

If there was at least some consensus that came out of last week’s D.C. FinTech Week confab, it’s that banks and the regulators that oversee them need to tread a fine line between innovation and risk. Get the Full Story Complete the form to unlock...

Bank Regulation
OCC Says US Bancorp Can Buy MUFG Union Bank
October 14, 2022

The merger of San Francisco-based MUFG Union Bank, National Association into U.S. Bank, National Association has been conditionally approved by the Office of the Comptroller of the Currency (OCC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Report: US Comptroller Says Bank-FinTech Partnerships Must Monitor Risk
October 13, 2022

After his earlier remarks about partnerships between banks and FinTechs led members of the financial services industry and House Republicans to worry that he would discourage innovation, Acting Comptroller of the Currency Michael J. Hsu has reportedly explained that he wants to ensure that firms...

CFPB
CFPB: Colleges Need to Protect Students From ‘Junk Fees’
October 13, 2022

America’s colleges have more work to do when it comes to protecting students from so-called “junk fees,” the Consumer Financial Protection Bureau (CFPB) said Thursday (Oct. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...