Legal & Regulation

Bank Regulation
Australia Tightens Leash On Bank Execs
September 26, 2017

Australia has introduced tougher rules on banks that will go into effect as early as next month, including capping executives’ salaries, delaying their bonuses and driving them out of the industry if they are guilty of wrongdoing. Get the Full Story Complete the form to...

Legal & Regulation
Summit Credit Union Sues Equifax
September 22, 2017

The hits just keep coming for Equifax: Summit Credit Union has filed a lawsuit against the credit reporting agency in response to the massive data breach that compromised the personal data of around 143 million people. Get the Full Story Complete the form to unlock...

Bank Regulation
American Banks Blocked From Doing Business With North Korea
September 22, 2017

A new sanctions order bans banks doing business in North Korea to also operate in the United States. Reuters reported that the new international finance order is aimed at obstructing Pyongyang’s nuclear and missiles program. Get the Full Story Complete the form to unlock this article...

Legal & Regulation
European Commission Proposal Consolidates Power Over Financial Industry
September 21, 2017

In an effort to extend the European Union’s (EU) control over the financial industry following Brexit, the European Commission released a proposal on Wednesday (Sept. 20) which stated it would transfer some of the power to oversee the financial industry from each country’s capitals to the...

Legal & Regulation
Uber Sues Fetch Media For Fraudulent Ads
September 20, 2017

Uber has filed a lawsuit against Fetch Media, accusing the mobile ad company of improper billing for fraudulent ads and falsely taking credit for app downloads. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Equifax Gets Sued By The State Of Massachusetts
September 20, 2017

Massachusetts Attorney General Maura Healey has filed a lawsuit against Equifax, accusing the company of not doing enough to protect consumers against the massive breach that exposed the personal data of as many as 143 million people, including three million in Healey’s state. Get the...

Legal & Regulation
DOJ Opens Investigation Into Stock Sales By Equifax Executives
September 19, 2017

Embattled Equifax was dealt another blow in the wake of its data breach as the U.S. Justice Department has decided to open a criminal investigation into the matter. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Google Offered To Display Rival Comparison Shopping Sites To Appease EU
September 19, 2017

Google, aiming to prevent more fines from the European Union (EU), is offering to display competing comparison shopping websites through an auction, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CFPB
When The Payday Lending Rule Drops, Opponents Are Ready To Attack
September 19, 2017

The new rules are coming for payday lenders, and opponents of those rules are readying themselves for what will likely be a fairly dizzying battle on the subject. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...