Legal & Regulation

Bank Regulation
Court Battle Could Reshape Consumer Financial Data Landscape
February 12, 2025

The fight over the CFPB’s status and, in particular, the future of Open Banking Rule 1033 is on. A Washington, D.C.-based trade group, the Financial Technology Association (FTA), is seeking to intervene in a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final rule on personal...

Legal & Regulation
CFPB Director Nomination Tops Trump’s Picks to Lead Financial Regulators
February 12, 2025

Three weeks in, President Donald Trump’s second term has been anything but quiet. 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
DOGE Staffer Mistakenly Given Editing Access to Treasury Payments
February 12, 2025

When Elon Musk began digging into the U.S. Treasury, one phrase kept coming up: “Read-only access.” 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...

CFPB
Trump Names New CFPB Head Amid Regulatory ‘Limbo’
February 12, 2025

President Trump has named a new CFPB director while the agency faces an uncertain future. 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,...

Legal & Regulation
White House Weighs Folding FDIC Into Other Agencies
February 12, 2025

The Trump administration is reportedly considering plans to shrink one of America’s banking regulation bodies. 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,...

Legal & Regulation
SEC Pauses Binance Prosecution Amid New Crypto Landscape
February 11, 2025

The SEC reportedly wants to put its case against the world’s biggest crypto exchange on hold. 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...

Legal & Regulation
Former Democratic Treasury Secretaries Condemn DOGE Access to Payment Systems
February 10, 2025

Five former Democratic Treasury secretaries wrote Monday that the efforts of the Elon Musk-led Department of Government Efficiency (DOGE) to gain access to federal payment systems are a “cause for concern.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Government Asks Court to Vacate Order Blocking Access to Treasury System
February 10, 2025

The President Donald Trump administration reportedly said in a Sunday (Feb. 9) court filing that a judge’s order blocking the Elon Musk-led Department of Government Efficiency (DOGE) from accessing Treasury Department payment systems also prevents Treasury Secretary Scott Bessent from doing his job. Get the...

CFPB
CFPB in Limbo — Should FinTechs and Banks Stay the Course?
February 10, 2025

The phrase “manic Monday” is getting a pretty good workout these days. Far from being a cute top 40 song from the ’80s, the ongoing drama at the Consumer Financial Protection Bureau (CFPB) has put a new spin on catching up with the weekend news....