Legal & Regulation

Legal & Regulation
H&R Block Files Suit Against Dorsey’s Block Over Square Rebrand
December 16, 2021

U.S. income tax preparation company H&R Block has taken issue with Square’s recent name change to Block and has filed a lawsuit in federal court, according to a press release Thursday (Dec. 16). Get the Full Story Complete the form to unlock this article and...

CFPB
CFPB Works With Global Regulators to Target BNPL
December 16, 2021

Citing concerns about the buy now, pay later (BNPL) sector, the Consumer Financial Protection Bureau has ordered five BNPL firms to turn over information about their industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bank Regulation
Battle of the Regulators May Leave Bank Mergers in Limbo
December 16, 2021

Mergers and acquisitions have been a mainstay of financial services, a strategic tool that helps big firms get bigger and smaller firms become, well, big. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Australia’s Financial Regulators Endorse Treasurer’s Plan for Crypto, Payment Reform
December 16, 2021

The Council of Financial Regulators released on Thursday (Dec. 16) its quarterly statement, where it endorsed the treasurer’s plans for a major reform in the payment system, including potential regulation of crypto-assets. Get the Full Story Complete the form to unlock this article and enjoy...

AML
Upgrade on Taking a Data-Centric Approach to Meeting AML/KYC Requirements
December 16, 2021

More digital banking services mean more of an opportunity for identity theft. In the AML/KYC Tracker, Tom Curran, chief risk and compliance officer at Upgrade, explains how using data combined with biometric tech has helped reduce fraud at account opening in a secure, compliant way.

Legal & Regulation
Finicity CEO: Regulatory Patchwork Holds Back Open Banking Efforts in the US
December 16, 2021

U.S. companies may have made significant progress in bringing innovation to the payment systems that undergird the digital economy, but regulation hasn’t necessarily kept apace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

AML
Biometric Onboarding Seen as Must-Have in FinTech Fight Over Identity Theft
December 15, 2021

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
UK Regulator Advocates Change to Google, Apple’s ‘Vice-Like Grip’ on Mobile App Ecosystems
December 14, 2021

The U.K. Competition and Markets Authority (CMA) published an interim report on Tuesday (Dec. 14), that found Google and Apple “exercise a vice-like grip over mobile devices.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
EU May Regulate How Gig Platforms Use Algorithms
December 14, 2021

The European Union announced on Dec. 9 a legislative package with proposals to improve the working conditions of people using digital labor platforms. While many platform workers are truly self-employed as defined by the new proposed rules, there are an estimated 5.5 million people working...