Legal & Regulation

Bank Regulation
Wells Fargo Sees Regulatory Order Eliminated as Company Moves Past Account Opening Scandals
January 20, 2022

Wells Fargo has had a 2015 regulatory order from the Office of the Comptroller of the Currency (OCC) eliminated, which involved add-on products which Wells Fargo sold improperly, Bloomberg reported Thursday (Jan. 20). Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
Epic Games Mounts New Appeal in Case Against Apple
January 20, 2022

Epic Games wants a federal appeals court to overturn a ruling from September that rejected much of the Fortnite maker’s antitrust case against Apple’s App Store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

ANTITRUST
Senate Judiciary Committee Approves Big Tech Antitrust Bill
January 20, 2022

The Senate Judiciary Committee has approved antitrust legislation that blocks some of the world’s largest tech companies from showing favoritism to their own products or services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

ANTITRUST
Big Tech’s Chorus of Critics Grows Ahead of Hill Hearing
January 20, 2022

Thursday (Jan. 20) looms as an important day in the annals of legislation targeting and likely reshaping Big Tech. But the dominant names in the space are getting pushback from other avenues, where this week a new coalition has levied a slew of grievances against...

ANTITRUST
ByteDance, Tencent, Added to Senate Antitrust Bill
January 20, 2022

A new antitrust bill headed to the Senate Judiciary Committee Thursday (Jan. 20) has been expanded to include two Chinese social media giants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
South Korea’s Financial Regulator Pledges Fewer Restrictions on FIs to Invest in FinTechs
January 20, 2022

The head of South Korea’s financial regulator told FinTech executives Thursday (Jan. 20) that he plans to lessen regulations on financial institutions’ investment in the sector to increase support for the fast-growing industry, The Korea Herald reported. Get the Full Story Complete the form to...

Legal & Regulation
Metaverse May Pose New Competition Challenges, Says EU Antitrust Chief
January 20, 2022

The European Union’s competition commissioner has called for the metaverse to face more scrutiny. 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...

Legal & Regulation
US Retailers May Face an Uphill Road To Challenge Visa, Mastercard Swipe Fees 
January 20, 2022

U.S. retailers, via the Merchants Payment Coalitions, have sent a letter to the Federal Trade Commission (FTC) and the Department of Justice (DoJ) on Wednesday urging regulators to investigate credit card fees.  Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
One FinTech’s Take on the Regulatory Showdowns Looming for BNPL, Crypto and Swipe Fees
January 20, 2022

For two years now, a furiously digitizing financial sector has read regulatory signals across several pressing fronts from buy now, pay later (BNPL) to cryptocurrency, awaiting decisions from Washington that hold the potential to transform the landscape for newcomers and established players alike. Get the...