Legal & Regulation

Legal & Regulation
Senate To Mull Financial Choice Act, UK Officials Look For Tighter Controls
August 07, 2017

The summer torpor is about to dispel, and financial regulatory activity is about to heat up in Congress and beyond. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

CFPB
Overdraft Fees Cost US Consumers $15B In 2016
August 07, 2017

Overdraft fees cost U.S. consumers $15 billion in 2016, according to news from the Consumer Financial Protection Bureau (CFPB), the government watchdog that is out with a new report on the impact of bouncing checks in American finance. Get the Full Story Complete the form...

Legal & Regulation
Tens Years Out, Financial Institutions Have Paid $150B In Fines Related To The Great Recession
August 07, 2017

August 9th 2007 is a day that will live in something like infamy for all those who remember it — it was the day that the financial crisis and Great Recession were said to have officially kicked off.  The date is picked because it was...

Legal & Regulation
Money Laundering Accusations Plague Australia’s Commonwealth Bank
August 04, 2017

Australia’s largest mortgage lender — Commonwealth Bank of Australia — has been officially accused by its government of widespread violations of anti-money laundering and counter-terrorism financing rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
U.K. Based Computer Researcher Arrested In U.S. For Alleged Ties To Kronos Malware
August 04, 2017

A British-based cybersecurity researcher has been arrested by U.S. authorities on charges that he conspired to advertise and sell Kronos banking malware. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

CFPB
CFPB Orders JPMorgan Chase To Pay $4.6 Million Over Checking Accounts
August 03, 2017

The U.S. Consumer Financial Protection Bureau (CFPB) has ordered JPMorgan Chase to pay $4.6 million for allegedly failing to disclose accurate information in checking account screening reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bank Regulation
Trump Outside Advisor Wants CFPB’s Cordray Fired
July 31, 2017

An outside advisor to President Donald J. Trump, Corey Lewandowski, said Sunday (July 30) that Consumer Financial Protection Bureau (CFPB) Director Richard Cordray should be fired. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Trump’s Fed Nominee Points To Regulatory Revamp
July 31, 2017

Not all financial services regulation is occurring across the pond, though Brexit and other countries grabbed their share of headlines this past week for our Regulatory Tracker. In the United States, President Trump’s nominee for the Fed’s supervision efforts said it is time to mull...

Legal & Regulation
Google Draws Federal Privacy Complaint Over New Shopper Tracking Program
July 31, 2017

The Electronic Privacy Information Center is asking the FTC to take a closer look at Google’s new advertising program that attempts to tie consumers’ online actions with their later purchases in physical stores. Get the Full Story Complete the form to unlock this article and...