Two affiliates of J.P. Morgan Chase & Co. — J.P. Morgan Securities (JPMS) and J.P. Morgan Investment Management (JPMIM) — agreed to pay $151 million in combined civil penalties and voluntary payments to investors to settle four enforcement actions brought by the Securities and Exchange...
The Federal Trade Commission is issuing payments to consumers misled by deceptive claims from Credit Karma. 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...
Federal regulators have taken action against VyStar Credit Union following a “botched” online banking launch. 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,...
The Federal Deposit Insurance Corp.’s finalized Statement of Policy on Bank Merger Transactions will have a “chilling effect” on bank mergers and other strategic decisions on investment, risk management and competitive positioning, a Bank Policy Institute (BPI) senior associate general counsel wrote. Get the Full...
The Consumer Financial Protection Bureau released its final rule on data-sharing Tuesday (Oct. 22). 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...
Through the past several weeks and months, the drumbeat’s grown louder for regulations at the federal level to govern nonbanks — especially FinTechs, neobanks and Big Tech. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Federal Trade Commission (FTC) announced a final rule that will require sellers to make it as easy for consumers to cancel their subscriptions, memberships and other recurring payment programs as it was to sign up. Get the Full Story Complete the form to unlock...
The Consumer Financial Protection Bureau (CFPB) has announced rules related to threshold adjustments for mortgage loan appraisals, consumer credit transactions and consumer lease transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
If businesses aren’t ready for cross-border compliance, they may as well be writing regulators a blank check. 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...
