Regulation

Regulation
Congress Sets Stage for FinServ Regulation to Heat Up This Summer
May 20, 2024

As the Consumer Financial Protection Bureau got an effective “green light” from the Supreme Court to keep operating, and as several bills have made their way out of committee in the U.S. House of Representatives, it’s gearing up to be a long summer of heated debate on financial services regulation....

Regulation
UK Fraud Proposal Has ‘Significant Problems,’ Minister Says
May 20, 2024

A British treasury official has reportedly criticized proposed fraud reimbursement measures for banks and FinTechs. 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,...

Regulation
CFPB Supreme Court Decision Shifts Focus to Technology’s Impact on Consumer Finance
May 20, 2024

The Consumer Financial Protection Bureau (CFPB) has been validated in the aftermath of last week’s U.S. Supreme Court rejection of a challenge to its congressional funding structure. But the ongoing debate over financial regulation and consumer protection will go on and the financial services industry...

Regulation
SoLo Funds ‘Blindsided’ by CFPB Lawsuit
May 17, 2024

The Consumer Financial Protection Bureau sued SoLo Funds, alleging that the online lending platform used “digital dark patterns” to illegally collect fees from borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
UK Antitrust Regulator Won’t Investigate Microsoft-Mistral AI Partnership
May 17, 2024

The United Kingdom’s Competition and Markets Authority (CMA) will not investigate Microsoft’s partnership with artificial intelligence (AI) startup Mistral AI. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
Lawmakers Urge Regulators to Make Financial Data More Accessible
May 16, 2024

Members of Congress from both houses and both parties sent a letter Tuesday (May 14) to the heads of eight federal financial regulatory agencies, urging them to implement the Financial Data Transparency Act (FDTA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Regulation
UK Relaxes ‘Land-Based Gambling’ Rules as Online Betting Grows
May 16, 2024

The British government is loosening its rules for brick-and-mortar betting businesses as online gambling grows. 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...

Regulation
CFPB’s Credit Card Late Fee Rule Could Create Buy Now, Pay Later Windfall
May 09, 2024

The laws of physics dictate that for every action, there is a reaction. 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. By completing...

Regulation
UK’s FCA Defends Proposal to Disclose Companies Under Investigation
May 08, 2024

The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, has reportedly faced a backlash from the industry regarding its proposal to publicly disclose companies under investigation.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...