Legal & Regulation

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...

Legal & Regulation
Trump ‘Reviewing Situation’ After Supreme Court Upholds TikTok Ban
January 17, 2025

After the U.S. Supreme Court upheld the law that forces a sale or ban of TikTok, the company and President-elect Donald Trump said in separate statements that there may be a solution that keeps the social media app available in the U.S. Get the Full...

Legal & Regulation
Equifax to Settle CFPB Allegations of Inaccurate Credit Reports
January 17, 2025

Equifax has agreed to a settlement and consent order that will resolve Consumer Financial Protection Bureau (CFPB) allegations that the consumer reporting agency failed to take steps to ensure the accuracy of its credit reports. Get the Full Story Complete the form to unlock this...

Legal & Regulation
FTC Order Bans GM From Disclosing Data From Connected Vehicles
January 17, 2025

General Motors agreed to a proposed order to resolve Federal Trade Commission allegations that it collected, used and sold data from connected cars without drivers’ knowledge or consent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...