Legal & Regulation

Bank Regulation
Wells Fargo Accused Of Manipulating Business Banking Data
May 17, 2018

It’s happened again. 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...

Legal & Regulation
FTC Appoints New Consumer Protection Chief
May 17, 2018

The Federal Trade Commission’s new director of consumer protection has represented Facebook, Uber, and Equifax, among other companies, all of which have issues before the FTC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
Mulvaney Seeks To Change The Qualified Mortgage Rule
May 16, 2018

Consumer Financial Protection Bureau (CFPB) acting director Mick Mulvaney is looking to change the Qualified Mortgage (QM) rule. 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...

Legal & Regulation
Worldpay SVP: Why States Won’t Play Around With Sports Betting Regs
May 16, 2018

Today, illegal gambling represents a $150 billion business. Soon, however, the payments industry will be able to tap into that market legally, thanks to a recent decision by the Supreme Court to axe a federal law that prohibited gambling on sports in most U.S. states....

Legal & Regulation
German Spy Agency Says Regulation Of Social Media Firms May Be Necessary
May 15, 2018

The intelligence agency in Germany implied on Monday (May 14) that more regulation may be applied to social media companies if the European Union can get them to increase their accountability for spreading illegal and dangerous content. Get the Full Story Complete the form to unlock...

Legal & Regulation
Supreme Court Reverses State Ban On Sports Betting
May 14, 2018

The Supreme Court of the United States (SCOTUS) has struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
May’s Days See CDD And GDPR Take Effect
May 14, 2018

May 11 marked a watershed moment of sorts when, this past Friday, the final customer due diligence rule via the Financial Crimes Enforcement Network (FinCEN) took effect. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Concerns Raised Over FTC Director Nominee
May 14, 2018

U.S. consumer watchdogs have expressed concern over the possible appointment of Andrew Smith as the next director of the Federal Trade Commission’s Bureau of Consumer Protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Former Head Of Vatican Bank Head Embezzlement Trial Underway
May 11, 2018

The former head of the Vatican bank is answering tough charges of money laundering and embezzlement, according to news from Reuters. Angelo Caloia, 79, is the highest-ranking Holy See financial official to stand trial. He, along with lawyer Gabriele Liuzzo, 95, stand accused in a trial...