Legal & Regulation

AML
Data Brief: 95% of Execs Involved in AML Say Innovation Is ‘High Priority’
September 22, 2022

A few words sum up the state of fraud and the challenges facing financial institutions (FIs): rising at a fast clip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal & Regulation
Lithuanian Watchdog Launches Probe Into Revolut Data Breach
September 22, 2022

Digital bank Revolut is being investigated by a regulator in Lithuania following a data breach earlier this month that exposed sensitive information on 50,150 customers, including those in the European Economic Area (EEA). Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
Smart Crypto Policy Can Protect Dollar’s Dominance, Experts Tell House Panel
September 21, 2022

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Legal & Regulation
House Bill Would Ban Algorithmic Stablecoins for 2 Years
September 21, 2022

The latest version of an on-again, off-again House bill regulating stablecoins would place a two-year ban on dollar-pegged digital assets like TerraUSD, which collapsed in a $48 billion bank run-style panic in May. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
Bank CEOs’ Congressional Testimonies Spotlight Digital Strategies, Inclusion
September 21, 2022

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ANTITRUST
FTC Chair Says Agency Needs More Resources for Antitrust Enforcement
September 21, 2022

In what is said to be a departure from the agency’s tradition, the written testimony presented by the chair of the Federal Trade Commission (FTC) before a Senate committee did not have bipartisan support among the commissioners. Get the Full Story Complete the form to...

Bank Regulation
Responsible Growth Focus of BoA CEO Moynihan’s Congressional Banking Testimony
September 21, 2022

Bank of America CEO Brian Moynihan is heading to Capitol Hill on Wednesday (Sept. 21) along with banking brass from six of the other biggest commercial financial institutions in the country for the annual Congressional hearings about the industry. Get the Full Story Complete the...

Legal & Regulation
GOP AGs Ask Credit Card Companies to Drop Merchant Code That Tracks Gun Sales
September 20, 2022

Republican attorneys general in 24 states said America’s three largest card networks could be violating the law with a new system for processing firearms purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
DOJ Seeks to Double Jail Time for Money Transmission Crimes
September 20, 2022

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