Legal & Regulation

Legal & Regulation
Government Exit Packages and Defunding May Mute Financial Regulators
January 31, 2025

The shakeup on Capitol Hill — still ongoing, as the Trump administration settles in for its second round, as the new Congress has been seated — will extend to financial regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Top Treasury Official Lebryk Quits Over Clash With Musk’s Department of Government Efficiency
January 31, 2025

U.S. Department of the Treasury Fiscal Assistant Secretary David A. Lebryk is reportedly leaving following a clash with Elon Musk’s allies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

CFPB
Wise to Settle CFPB Allegations of Issues Around Advertisements and Disclosures
January 30, 2025

International remittance company Wise and the Consumer Financial Protection Bureau (CFPB) reached an agreement to settle the regulator’s allegations that the company advertised inaccurate fees and failed to provide consumer disclosures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Uber Files Racketeering Lawsuit Alleging Auto Insurance-Related Fraud
January 30, 2025

Uber Technologies is reportedly suing a group of law firms, doctors and pain management clinics, alleging they staged car accidents and performed medically unnecessary surgeries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
CFPB Warns Consumers of Rising Number of Credit Reporting Firms
January 30, 2025

The CFPB has published its annual list of companies that collect and sell consumer data. 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
CFPB Terminates 2022 Consent Order Against Wells Fargo
January 28, 2025

Wells Fargo has announced the termination of its 2022 consent order with the Consumer Financial Protection Bureau (CFPB) related to automobile lending, consumer deposit accounts and mortgage lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
FTC Sends Refunds in Case Alleging Concealment of Negative Reviews
January 28, 2025

The Federal Trade Commission (FTC) is sending nearly $2.4 million to customers of fast-fashion retailer Fashion Nova, which the agency alleged prevented negative reviews from being posted on the company’s website. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Bank Regulation
Report: FDIC and OCC Rescind Job Offers Amid Hiring Freeze
January 28, 2025

Two banking regulators — the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency — are reportedly complying with a federal government-wide hiring freeze announced by President Donald Trump in an executive order last week. Get the Full Story Complete the...

ANTITRUST
Google Tells Court EU Antitrust Fine Punishes Innovation
January 28, 2025

Google reportedly told the European Union’s Court of Justice Tuesday (Jan. 28) that the European Commission investigation that resulted in a 4.3 billion euro (about $4.5 billion) fine “punished Google for its superior merits, attractiveness and innovation.” Get the Full Story Complete the form to...