Legal & Regulation

Legal & Regulation
CFPB, Crypto and Consumer Confidence: Inside DC’s Unpredictable Regulatory Storm
March 03, 2025

If you’re tracking the mania in Washington, D.C., from a financial services perspective these days, you might notice that it’s starting to resemble a weather forecast. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Treasury Department to Limit Enforcement of Corporate Transparency Act
March 03, 2025

The Treasury Department said Sunday (March 2) that it will not enforce the Corporate Transparency Act’s penalties and fines associated with the beneficial ownership information reporting rule. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bank Regulation
Section 1033 May Fall Short of its Data Security and Open Banking Goals
March 03, 2025

There’s a rule of thumb in law that states that hard cases make bad law. The sentiment can be reworked a bit to extend to regulations, where bad policy translates into bad rule-making. Get the Full Story Complete the form to unlock this article and...

CFPB
CFPB Upheaval Leaves Hundreds of Millions in Settlements Unclaimed
March 03, 2025

With the CFPB’s future in limbo, so too are hundreds of millions in consumer settlements. 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...

Legal & Regulation
Warren Buffett: Tariffs Are an ‘Act of War, to Some Degree’
March 02, 2025

Investing giant Warren Buffett has warned that President Trump’s tariffs could hurt consumers. 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....

Legal & Regulation
Paytm Subsidiaries Catch Attention of Indian Financial Crime Watchdog
March 02, 2025

Paytm has received a show-cause notice from India’s financial crime-fighting agency. 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...

Bank Regulation
Report: European Commission to Seek Banks’ Comments on Capital Requirements
February 28, 2025

The European Commission reportedly wants to seek comments from banks on its plan to implement the Fundamental Review of the Trading Book (FRTB), which determines how banks estimate potential losses and, therefore, capital requirements. Get the Full Story Complete the form to unlock this article...

CFPB
Former CFPB Chief Technologist Tells Court Agency Cuts Put Data at Risk
February 28, 2025

Former Consumer Financial Protection Bureau (CFPB) Chief Technologist Erie Meyer reportedly said in court documents filed Friday (Feb. 28) that the cancellation of cybersecurity contracts at the agency puts sensitive data at risk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB
Report: CFPB Employees Tell Court Leaders Plan to Wind Down Agency
February 28, 2025

Several federal employees reportedly said in statements submitted for a lawsuit that the new leadership of the Consumer Financial Protection Bureau (CFPB) plans to wind down the agency and fire most of its employees. Get the Full Story Complete the form to unlock this article...