Legal & Regulation

CFPB
It’s Official. CARD Act, Credit Rules, Now Under CFPB Review
June 21, 2022

The director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, announced in a Friday (June 17) blog post that the agency is planning to change its approach to regulations, and is reviewing some long-standing rules, including the Credit CARD Act of 2009, the Fair...

Legal & Regulation
Bill Giving CFTC Regulatory Control Would Reshape Crypto
June 17, 2022

When Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) revealed that their bipartisan bill creating a regulatory framework for cryptocurrencies would define most digital assets as commodities instead of securities, the response was predictable. Get the Full Story Complete the form to unlock this article...

Legal & Regulation
Facebook Owner Meta Sued for Allegedly Accessing Medical Data
June 17, 2022

Meta is facing a federal lawsuit that says private medical data is being secretly shared with Facebook when patients access their healthcare providers’ web portals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Bank Regulation
EBA’s Report Includes Crypto, Payments and AML as 2022 Priorities 
June 17, 2022

The European Banking Authority (EBA) published on Wednesday, June 15, its Annual Report which describes in detail the activities and achievements of the Authority in 2021 and provides an overview of the key priorities for the coming year.  Get the Full Story Complete the form...

Legal & Regulation
Today in TechREG: CFPB Wants Credit Reporting Standards in BNPL Sector; ECB’s Board Member Urges...
June 16, 2022

Today in TechREG, the Consumer Financial Protection Bureau (CFPB) has encouraged buy now, pay later (BNPL) providers and credit report agencies to standardize BNPL payment data for the benefit of consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
UK’s Digital Strategy Is to Be the Anti-EU Regulator
June 16, 2022

The U.K. government has used the London Tech Week that is taking place this week as the platform to unveil a series of proposals that aim to make the U.K. a global tech superpower. Get the Full Story Complete the form to unlock this article...

Legal & Regulation
Qualcomm Wins Appeal of EU $1B Antitrust Fine for Apple Payments
June 15, 2022

Qualcomm has won its appeal of a €997 million (about $1.04 billion) fine from European Union regulators over payments made to Apple to use Qualcomm chips after Europe’s General Court ruled in its favor regarding the 2018 penalty, according to The Verge Wednesday (June 15)....

AML
US, UK Encourage Privacy-Enhancing Innovation to Combat Money Laundering
June 15, 2022

The U.S. and U.K. governments announced on Monday (June 13) a new joint initiative to encourage the development of privacy-enhancing technology (PET) that could be used in the fight against money laundering.  Get the Full Story Complete the form to unlock this article and enjoy...

CFPB
CFPB Seeks Public Comment on Big Bank Customer Service
June 14, 2022

The federal Consumer Financial Protection Bureau is asking the public to suggest ways customers can successfully demand “better customer service” from big banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...