Legal & Regulation

CFPB
CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
July 19, 2022

Victims of scams involving Zelle and other peer-to-peer (P2P) money transfer services could be getting new assistance from the Consumer Financial Protection Bureau (CFPB) by way of proposed increased requirements on banks. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
Didi’s Fines Could Top $1B for Data Security Breaches in China
July 19, 2022

Ride-hailing and food delivery platform Didi could be hit with fines exceeding $1 billion following a probe by Chinese regulators that lasted over a year and forced the company to stop adding new users. Get the Full Story Complete the form to unlock this article...

Legal & Regulation
EU Plans Instant Payment Regulation in 2022, US Eyes FedNow for 2023
July 19, 2022

Real-time payments (RTP), account-to-account (A2A) payments and instant payments all refer to the ability to process payments in seconds. This is one of the next frontiers in retail payments in most countries around the world. It is already a reality in countries like the U.S.,...

AML
FIs Need Collaboration AND Technology to Win AML War
July 19, 2022

Popular images of international crime fighting are usually replete with bank heists, gun fights, drug smuggling, and undercover agents in dark suits and shades. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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...