Legal & Regulation

Legal & Regulation
FTC: Alex Miller Credit Repair Operation Bilked Clients
March 22, 2022

A Houston credit repair firm was ordered by the Federal Trade Commission (FTC) to cease operations over allegations that the company made false claims and fleeced clients out of millions, according to a statement on Tuesday (March 22). Get the Full Story Complete the form...

Bank Regulation
CMA Warns Barclays, Lloyds to Comply With Open Banking Order
March 22, 2022

The U.K. Competition and Markets Authority (CMA) on March 21 sent two letters to Barclays and Lloyds to communicate the regulator’s concerns about breaching their open banking obligations set out in the Retail Banking Market Investigation Order 2017 (the Order).  Get the Full Story Complete...

Legal & Regulation
Fashion Nova to Pay FTC $4.2M Over Negative Review Allegations
March 21, 2022

The Federal Trade Commission has finalized an order to settle allegations that Fashion Nova, an online fashion retailer, blocked negative product reviews from being posted to its website. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

AML
Top DeFi Exchange SushiSwap Builds in Controls as AML Measures Loom
March 21, 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...

Bank Regulation
UK Regulator Orders Barclays to Correct Breaches
March 21, 2022

The United Kingdom’s banking regulator has ruled that Barclays Bank UK Plc has failed to make available accurate, comprehensive and timely information on its products and services through its Open Banking application programming interfaces (APIs). Get the Full Story Complete the form to unlock this...

Legal & Regulation
Australia Follows EU, UK Steps With Misinformation Bill
March 21, 2022

The Australian government announced on Monday (March 21) that it will introduce new legislation this year to combat harmful disinformation and misinformation online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
Ex-Apple Employee Charged for Allegedly Defrauding iPhone Maker of $10M
March 20, 2022

U.S. prosecutors have charged a former Apple employee with defrauding the tech giant out of over $10 million over several schemes, Reuters says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
San Francisco Small Businesses Hit With Security, Repair Costs as Petty Thefts Soar
March 20, 2022

Burglaries and property damage are on the rise in San Francisco, The Wall Street Journal reported Sunday (March 20). 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...

Legal & Regulation
Finra Guidance Sees Compliance Execs as More Advisory Than Supervisors
March 20, 2022

The Financial Industry Regulatory Authority has said it’ll only take actions against chief compliance officers who don’t carry out specific supervisory responsibilities designated by the firm — not in matters where they’re just playing an advisory role, The Wall Street Journal reported Thursday (March 17)....