Legal & Regulation

Legal & Regulation
FTC Bans Payday Debt Relief Operation From Industry
September 09, 2016

A debt relief operation, which went by the names “Payday Support Center” and “Infinity Client Solutions,” has been banned by the Federal Trade Commission from the debt relief business under a settlement with the FTC. Get the Full Story Complete the form to unlock this...

Legal & Regulation
The FAA Just Says No To The Samsung Galaxy Note 7
September 09, 2016

The FAA does not take kindly to phones that are likely to explode mid-flight. And in that light, it is somewhat unsurprising that the U.S. federal air safety regulator is singling out the Samsung Galaxy Note 7. Once reports started emerging that a small handheld...

Legal & Regulation
New York Rules On Payroll Debit Cards Getting Tougher
September 09, 2016

New York State workers who get paid via prepaid card will have more consumer protections starting next year. 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...

CFPB
Finance Fundamentals For Digital Fledglings
September 08, 2016

If startup innovators and finance experts are struggling to keep ahead of the curve in the rapidly evolving digital and physical finance world, educators and curricula developers are surely a few steps behind. The Consumer Financial Protection Bureau (CFPB) has released a report that contains...

Legal & Regulation
UPDATED: Comptroller Sanctions Wells Fargo; CFPB Fines It $100 Million
September 08, 2016

Updated 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 from PYMNTS...

Legal & Regulation
How Regulators Killed The Wells Fargo-Amazon Student Lending Venture
September 07, 2016

It was one of the more notable pair-ups in recent memory — in part, because it was so short. 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
Group Of More Than 400 Retailers Urges Congress Not To Repeal Durbin Amendment
September 07, 2016

More than 400 big and small retailers have joined forces to urge Congress not to repeal the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act, arguing a repeal will significantly hurt global credit and debit card companies’ anti-competitive measures. Get the...

Legal & Regulation
Amazon, Google And Apple Side With Microsoft In Customer Privacy Fight With Government
September 06, 2016

Microsoft has gotten some big-name allies in its ongoing argument with the U.S. government about its customers’ privacy rights and to what extent it is allowed/required to inform said customers of data requests from government officials. Get the Full Story Complete the form to unlock this...

CFPB
The Comments Are In: The CFPB And Arbitration
September 06, 2016

With the wide range of highly controversial subjects that fall under the CFPB’s purview, arbitration may come as something of a surprise. Unlike payday lending or prepaid card rules, which affect products consumers actually use day in and day out, arbitration only comes up when...