The Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin Monday (Feb. 28) aimed at halting illegal car repossessions. 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...
Data breaches in Europe can be extremely expensive, up to 4% of a company’s annual turnover, thanks to the General Data Protection Regulation (GDPR). Fines for data breaches reached more than $1.1 billion in 2021, with Amazon leading the scoreboard with a staggering $867 million...
In the latest rebuke to Russian President Vladimir Putin for invading Ukraine, British Prime Minister Boris Johnson’s government plans to pass legislation designed to curb laundering of “dirty money” that has been used to support the war, The Financial Times reported. Get the Full Story...
Three people were ordered from further participation “in any manner” having to do with financial institutions following January enforcement actions by the Federal Deposit Insurance Corporation (FDIC), the agency announced on Friday (Feb. 25). Get the Full Story Complete the form to unlock this article...
Founders of cryptocurrency exchange BitMEX have pleaded guilty to violating bank secrecy regulations by failing to establish an anti-money laundering (AML) program, the U.S. Attorney’s Office in Manhattan announced Thursday (Feb 24). Get the Full Story Complete the form to unlock this article and enjoy...
The week started with the prospect of an executive order by President Joe Biden to regulate cryptocurrencies that could trigger new regulation from different federal agencies and lawmakers. Yet, the turn of events with the military conflict in Ukraine will likely delay this executive order....
Big Tech companies, and in particular social media platforms, face a new situation where content moderation and removal of misinformation will be of utmost importance. The military conflict in Ukraine is yet another situation where digital platforms may have to play an important role. Get...
A federal administrative law judge, in a decision announced Thursday (Feb. 24), dismissed a Federal Trade Commission lawsuit that had accused tobacco giant Altria Group and electronic cigarette-maker JUUL Labs of violating antitrust laws. Get the Full Story Complete the form to unlock this article...
A bipartisan group of 30 lawmakers sent a letter to President Joe Biden urging him to talk to EU leaders and persuade them to change the proposed Digital Markets Act (DMA), as in their view, it “unfairly” targets U.S. tech companies. Get the Full Story...
