Legal & Regulation

Legal & Regulation
FSB Calls for New Curbs on Shadow Bank Companies
July 09, 2025

The Financial Stability Board, a global financial watchdog, is calling for greater oversight of the multitrillion-dollar shadow banking sector. 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...

Legal & Regulation
FCA Fines Monzo $28.5 Million for Accepting ‘Implausible’ Customer Info
July 08, 2025

Monzo, a digital bank in the United Kingdom, was fined 21,091,300 pounds (about $28.5 million) for deficient financial crime controls. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Bank Regulation
FinTechs Pursue Direct Connections to the Fed With National Trust Bank Charters
July 07, 2025

For several FinTechs, in the move to broaden scale and scope to a nationwide level, all roads lead to the Fed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal & Regulation
Apple Fights $580 Million App Store Fine in Europe
July 07, 2025

Apple has appealed what it calls an “unlawful” $580 million fine from the European Union. 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...

Bank Regulation
Revolut Still Waiting on OK to Offer UK Credit Cards
July 07, 2025

Revolut is still reportedly waiting for permission to offer credit services in the U.K. 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....

ANTITRUST
Publishers File Antitrust Complaint in Europe Targeting Google’s AI Overviews
July 04, 2025

The Independent Publishers Alliance has filed an antitrust complaint with the European Commission, alleging that Google’s AI Overviews represent an abuse of the company’s market power in online search. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
SEC to Review Biden-Era Rules Imposed on SPACs
July 02, 2025

Securities and Exchange Commission (SEC) Chairman Paul Atkins said Wednesday (July 2) that the agency will review some of the more recent rules it imposed on special purpose acquisition companies (SPACs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB Cancels $95 Million Settlement With Navy Federal CU
July 02, 2025

America’s consumer watchdog has cancelled a $95 million fine against the country’s largest credit union. 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,...

Bank Regulation
Banks Increase Dividends After Passing Federal Reserve’s Annual Stress Tests
July 01, 2025

The biggest U.S. banks reportedly increased their dividends after passing the Federal Reserve’s annual stress tests last week. 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...