Legal & Regulation

Legal & Regulation
BNPL Firm Sezzle Sues GameStop for Dropping Payment Service
July 18, 2022

Sezzle, a FinTech based in Minneapolis, is suing GameStop over allegations that the video game retailer broke a contract by dropping Sezzle’s payment services, the Minneapolis/St. Paul Business Journal wrote Monday (July 18). Get the Full Story Complete the form to unlock this article and...

ANTITRUST
Polish Antitrust Office Alleges Santander, BNP Paribas, 3 Others Broke Rules
July 18, 2022

Poland’s Office of Competition and Consumer Protection (UOKiK), its antimonopoly office, announced Monday (July 18) that it has filed charges against five banks that it says acted against consumers’ interests. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
Uber Pays Millions on Justice Department Suit Regarding Overcharging Disabled Riders
July 18, 2022

The U.S. Department of Justice on Monday (July 18) settled with Uber Technologies for several million dollars related to a lawsuit that alleged Uber violated the Americans with Disabilities Act by overcharging more than 65,000 riders with disabilities, according to a DOJ press release. Get...

ANTITRUST
UK Court Sends Meta Giphy Case Back to Antitrust Watchdog
July 18, 2022

Meta’s purchase of the GIF search engine Giphy will be sent back to the U.K. antitrust regulator for a further review after a court flagged concerns with the agency’s initial investigation. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
Banks Tell CFPB No Card Late Fee Data Unless Rulemaking Deadline Extended
July 18, 2022

The Consumer Financial Protection Bureau (CFPB) may need to extend the deadline to submit comments on its Advance Notice of Proposed Rulemaking (ANPR) about credit card late fees if it wants to have meaningful feedback from stakeholders.  Get the Full Story Complete the form to...

Legal & Regulation
Crypto Crash Puts Spotlight on SEC’s Gensler
July 17, 2022

Senator Elizabeth Warren (D-Mass.) has said the Securities and Exchange Commission should act on the turmoil in the crypto world, with crypto platforms going bankrupt and investors not able to take funds out from some of them. Get the Full Story Complete the form to...

Bank Regulation
Big Banks Face Big Fines Over Messaging Apps
July 15, 2022

Five of America’s biggest investment banks are preparing to pay a combined $1 billion in fines for letting their workers use unauthorized messaging apps. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Weekly TechREG EMEA: Global Regulators Call for Interoperable Stablecoins, CDBCs; EU, UK Lawmakers Take on...
July 15, 2022

This week in TechREG in Europe, the Middle East and Africa (EMEA), global regulators and several central banks discussed the need for regulating the cryptocurrency space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Weekly TechREG US: NY Regulator Prohibits Overdraft, NSF Fees; California Probes Crypto Lender Over Withdrawal...
July 15, 2022

This week in TechREG, state regulators have been very active proposing new regulations and taking enforcement actions. California probed several crypto lenders for suspending withdrawals and transfers as this may violate the law. The same state also announced that public comments for its new privacy...