Legal & Regulation

Legal & Regulation
Banking and BNPL Shifts in Limbo as Trump’s Executive Order Pauses Pending Regulations 
January 21, 2025

Amid the blizzard of executive orders that marked the first day of the Trump administration, there was widespread speculation that the new president would take some significant steps to drastically reshape agencies such as the Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance...

Bank Regulation
New FDIC Chair Pledges ‘Wholesale Review’ of Bank Regulations
January 21, 2025

One of America’s newest financial watchdogs wants to conduct a sweeping review of bank regulations. 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
UK Central Bank Weighs ‘Concierge Service’ to Draw Foreign Investments
January 20, 2025

The Bank of England could establish a “concierge service” to help foreign companies do business in the United Kingdom. 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...

Bank Regulation
FDIC Suit Against Former SVB Execs Highlights Continued Scrutiny of Risk Models
January 20, 2025

The new administration is here, ushering in a phase of uncertainty surrounding banking regulations and the state of the regulatory agencies themselves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

CFPB
CFPB: Mortgage Servicers Must Send Periodic Statements to Homeowners
January 20, 2025

The Consumer Financial Protection Bureau said Friday (Jan. 17) it is monitoring the market to ensure that mortgage servicers don’t attempt to evade federal consumer financial laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting
January 17, 2025

American Honda Finance Corporation (AHFC) reached an agreement with the Consumer Financial Protection Bureau (CFPB) to settle the regulator’s allegations that the company reported inaccurate information that was then added to consumers’ credit reports. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
FTC Urges Continued Research Into ‘Surveillance Pricing’
January 17, 2025

Days before the inauguration of President-elect Donald Trump, the Federal Trade Commission (FTC) released early findings from its ongoing study of what it calls “surveillance pricing” and said this research should continue. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
GrubMarket Settles SEC Charges That It Gave Investors Unreliable Financial Information
January 17, 2025

GrubMarket, a private eCommerce food distributor, settled Securities and Exchange Commission charges that it violated antifraud provisions of the federal securities laws by providing investors with unreliable financial information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bank Regulation
Wells Fargo and Merrill Lynch Settle SEC Charges Involving Cash Sweeps
January 17, 2025

Two Wells Fargo advisory firms and Merrill Lynch have agreed to settle Securities and Exchange Commission (SEC) charges that they violated Advisers Act rules relating to their cash sweeps programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...