Legal & Regulation

Legal & Regulation
NY Seeks Fairer Lending From Nonbank Mortgage Companies
December 17, 2024

New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. 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...

Legal & Regulation
FTC Finalizes ‘Bait and Switch’ Rule for Event Ticketing and Lodging Sectors
December 17, 2024

The FTC has unveiled a rule blocking “bait-and-switch” pricing for hotels and concert tickets. 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...

CFPB
CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
December 16, 2024

A new regulatory report shows a variety of unlawful activity in America’s student loan market. 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
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
December 16, 2024

The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not be finalized.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
UK Publishes Safety Rules for Online Service Providers
December 16, 2024

The United Kingdom’s internet regulator issued final safety guidelines for online service providers. 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....

ANTITRUST
Walmart’s Mexican Business Unit to Challenge Antitrust Authority’s Ruling
December 16, 2024

Walmart’s Mexican business unit, Walmart de México y Centroamérica (Walmex), said a decision by Mexico’s antitrust authority will not affect its business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

AML
Stenn Collapses Over FinTech’s Possible Ties to Money Launderers
December 16, 2024

U.K. FinTech Stenn has reportedly collapsed over possible ties to a Russian money laundering scheme. 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....

Bank Regulation
HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
December 16, 2024

Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. 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....

Bank Regulation
Greece to Cap Banks’ Fees on Money Transfers
December 15, 2024

Greece reportedly aims to cap banks’ money transfer fees, while eliminating consumer bill pay fees. 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,...