Legal & Regulation

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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Bank Regulation
Report: U.S. Banking Regulators Watching Big Regional Banks
September 18, 2022

Large regional banks may be required to increase their financial cushions so they can better weather any crises that may emerge, the Wall Street Journal reported Sunday (Sept. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bank Regulation
Report: Federal Reserve Reviews Goldman’s Retail Unit, Marcus
September 16, 2022

The Federal Reserve is reportedly reviewing the operation of Goldman Sachs Group’s retail online banking platform, Marcus, asking questions of Goldman managers in a weeks-long process. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Report: SEC Accounting Guidance Creates Hurdle for Banks’ Crypto Plans
September 16, 2022

Despite demand from an increasing number of their clients for cryptocurrency products and services, many banks are reportedly holding back on offering them because accounting guidance from the U.S. Securities and Exchange Commission (SEC) makes it unprofitable to do so.  Get the Full Story Complete...

Legal & Regulation
Biden Increases Screening of Foreign Investment for Security Risks
September 15, 2022

The Biden administration is ordering the Committee on Foreign Investment (CFIUS) to add more scrutiny on deals that might give China access to critical tech or that could put personal data at risk, The Wall Street Journal (WSJ) wrote. Get the Full Story Complete the...

Legal & Regulation
Toomey Revives Call for 2022 Stablecoin Regulation
September 15, 2022

One of the Senate’s top Republicans believes that stablecoin regulation can still happen this year. 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
CFPB Says Consumers at Risk From BNPL Over-Extension
September 15, 2022

For buy now, pay later (BNPL), heady growth demands some new guardrails. 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...

CFPB
CFPB’s Chopra Tells GOP Old Laws Still Apply for New Offenders
September 15, 2022

Speaking at a virtual event for the anniversary of a watchdog group, the Consumer Financial Protection Bureau (CFPB) boss took the opportunity to address a letter sent to the agency from Republican members of the Senate Banking Committee. Get the Full Story Complete the form...