Regulation

Regulation
UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
January 22, 2025

The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to support the government’s growth mission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
FTC Begins Sending Refunds to Victims of Debt Relief Scheme
January 21, 2025

The Federal Trade Commission (FTC) has begun sending more than $5 million in refunds to consumers who were harmed by a deceptive credit card debt relief scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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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...

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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...

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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...

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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...

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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...

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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...

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CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
January 16, 2025

The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk data” and don’t secure “loopholes” in the law that prevent that accountability. Get the Full Story Complete the form to...