Legal & Regulation

CFPB
21 Attorneys General Urged CFPB to Regulate BNPL
April 06, 2022

On March 25, the Consumer Financial Protection Bureau (CFPB) closed its request for comments regarding the inquiry on buy now, pay later (BNPL) that it launched in December. PYMNTS assessed the 44 public comments available on the government website, and the vast majority of them...

ANTITRUST
Google’s Latest App Store Payment Policy Raises Concerns in Korea  
April 06, 2022

Last year, South Korea became the first country to approve legislation changing Google and Apple Inc.’s policies on how apps on their platforms sell subscriptions, in-game items, and other online content. The law forbids Google and Apple from forcing apps to use their own in-app...

ANTITRUST
Visa Faces ‘New Network Fees’ Antitrust Suit After Court of Appeal Loss 
April 06, 2022

Visa will need to defend, for the second time, its debit card fees in an antitrust suit filed by payment processing network Pulse Network L.L.C. for practices that it claims reduce competition in the debit card market.  Get the Full Story Complete the form to...

Legal & Regulation
Spain Plans New Consumer Financial Protection Agency
April 05, 2022

Following a flood of financial services complaints from consumers in Spain, the government is planning to create a consumer protection authority, Reuters reported Tuesday (April 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Gensler Says SEC Plans to Regulate Crypto Exchanges, Sharing Power With CFTC
April 05, 2022

The Securities and Exchange Commission (SEC) is planning a series of changes that could aggressively step up its regulation of the cryptocurrency industry, most notably in the oversight and functioning of both centralized and decentralized exchanges. Get the Full Story Complete the form to unlock...

Legal & Regulation
Apple’s Financial Service Ambitions May Clash With EU’s DMA
April 05, 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...

ANTITRUST
DOJ’s Antitrust Chief Warns of Tougher Enforcement on ‘Antitrust Day’
April 05, 2022

Jonathan Kanter, assistant attorney general at the Department of Justice (DOJ) antitrust division, delivered on Monday his remarks at the 2022 Spring Enforcers Summit announcing the division’s plans to step up their enforcement actions.  Get the Full Story Complete the form to unlock this article...

ANTITRUST
Food Delivery Services Zomato, Swiggy Investigated by Indian Antitrust Regulators
April 04, 2022

Indian antitrust regulators from the Competition Commission of India (CCI) are looking into food delivery companies Zomato and Swiggy over allegations of the companies not being as neutral as they should be, Reuters wrote Monday (April 4). Get the Full Story Complete the form to...

Legal & Regulation
UK Payment Regulator to Close Card-Acquiring Consultation With Remedies in Sight
April 04, 2022

The U.K. Payment Systems Regulator on Wednesday (April 6) will close a public consultation on the potential remedies that it considers applying in the card-acquiring market. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...