Legal & Regulation

Legal & Regulation
CFPB Extends ‘Junk Fees’ Deadline After Receiving 25,000 Comments
March 28, 2022

The Consumer Financial Protection Bureau (CFPB) is extending its deadline to submit comments on its public consultation on “junk fees” until April 11. The CFPB received more than 25,000 comments in less than three months and given the ongoing interest from the public, the agency...

Legal & Regulation
Bipartisan Bill to Give CFTC More Power Over Crypto at SEC’s Expense
March 27, 2022

The fight between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) over who will regulate cryptocurrencies just took a turn that is likely to please the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
DeFi’s Risks ‘Quickly Evolving’ to Threaten Traditional Markets, Securities Regulators Warn
March 25, 2022

Warning that the risks decentralized finance (DeFi) pose are quickly evolving as the crypto-based markets grow to the point where they are “cloning” mainstream financial markets, an international group of securities regulators announced a push to create a coordinated global response. Get the Full Story...

Legal & Regulation
Former Paraguay Congress Member Sentenced for International Money Laundering Conspiracy
March 25, 2022

Cynthia Elizabeth Tarrago Diaz, once a member of Paraguay’s Congress, was sentenced to prison for her role in an international money laundering scheme, the U.S. Department of Justice reported Thursday (March 24). Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
EU Digital Markets Act Applies to Big Tech and Not-So-Big Tech 
March 25, 2022

The new European Digital Markets Act which aims to rein in Big Tech may enter into force by the end of the year after the EU institutions reached an agreement on Thursday on the final text of the bill.  Get the Full Story Complete the...

Legal & Regulation
Big Tech Firms Have 6 Months Before New EU Competition Rules Kick In 
March 25, 2022

The Council and the European Parliament on March 24 reached a provisional political agreement on the Digital Markets Act (DMA). Final technical work will be finalized in the coming days, but this agreement marks the beginning of the countdown for the implementation of this new...

AML
AI-Powered Analytics Help FIs Sharpen AML Strategies
March 25, 2022

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 completing this form, you agree to receive marketing communications from PYMNTS and...

Legal & Regulation
2 Charged With Conspiracy to Commit Wire Fraud, Money Laundering Over Frosties NFT Scheme
March 24, 2022

Two defendants have been charged with conspiracy to commit wire fraud and conspiracy to commit money laundering in connection to a non-fungible token (NFT) scheme, according to a Thursday (March 24) press release from the Department of Justice. Get the Full Story Complete the form...

ANTITRUST
Alphabet Wants Sanctions Request Dropped in Antitrust Case
March 24, 2022

Google parent Alphabet has urged a judge at its antitrust case to reject requests from the Justice Department that it be sanctioned over allegations of attorney-client privilege abuse, Reuters reported Thursday (March 24). Get the Full Story Complete the form to unlock this article and...