Legal & Regulation

Legal & Regulation
Big Tech Compliance Tracker: Malaysia Gets Approximately $107 Million In Digital Services Taxes; FAA Approves...
January 04, 2021

Here’s the latest news from the technology industry, which is coming under increasing global interest from governments. 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...

Legal & Regulation
PayPal Wins Prepaid Card Regulation Lawsuit Against CFPB
January 04, 2021

FinTech giant PayPal has won a lawsuit against the U.S. Consumer Financial Protection Bureau (CFPB) pertaining to rules regarding prepaid cards and digital wallets, Westlaw Today reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

AML
Congress Eyes New AML Rules For Antiquities Trade
January 03, 2021

New legislation passed by Congress will implement new regulations on the antiquities trade in order to hopefully crack down on the possibility of money laundering or other crimes, The New York Times (NYT) writes. Get the Full Story Complete the form to unlock this article...

Bank Regulation
Banks May Withhold Stimulus Checks To Cover Overdraft Fees
January 03, 2021

Some intended COVID-19 stimulus beneficiaries won’t see any money the federal government sends them through direct deposits because unpaid overdraft fees will more than consume newly injected funds, The New York Times reports. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
Big Tech Faces Regulation Reckoning As 2021 Dawns
January 01, 2021

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be...

Legal & Regulation
Coinbase Faces Class-Action Suit Over Sales Of Ripple’s XRP
December 30, 2020

A week after the U.S. Securities and Exchange Commission filed a lawsuit against Ripple Labs and some of its executives, alleging the company illegally skirted laws by classifying its XRP cryptocurrency as a commodity rather than a security, a Missouri man has sued Coinbase over...

CFPB
CFPB OKs Payactiv As First Earned Wage Access Provider
December 30, 2020

Payactiv‘s Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Senate Battle Erupts Over Trump’s $2,000 Stimulus Checks
December 29, 2020

Senate Majority Leader Mitch McConnell fired the first shot Tuesday (Dec. 29) in what is likely to be weeklong battle over a proposal to send $2,000 stimulus checks to most Americans. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Revolut Accused Of Failing To Pay Employee Bonuses
December 29, 2020

A dispute over worker bonuses initially led to a job action — and now a court case in Poland — claiming that the U.K.-based FinTech Revolut dismissed an employee who spoke up over the issue, the Financial Times reported. The new legal case is the...