Legal & Regulation

Legal & Regulation
Regulators Warn Against Improper Billing of Medicare Recipients
November 01, 2024

Two federal agencies warned healthcare providers, Medicare Advantage plans and debt collectors not to improperly bill Qualified Medicare Beneficiary recipients (QMBs), who generally cannot be billed for cost-sharing by healthcare providers who accept Medicare. Get the Full Story Complete the form to unlock this article...

Legal & Regulation
Lawmakers Lobby for One-Size-Fits-All Regulations for Banks and FinTechs
November 01, 2024

Among the central debates of regulation, what we might term even the jurisdiction of the regulators — no matter the industry — might boil down to a stark question: Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bank Regulation
Capital One Discloses CFPB Investigation of New High-Interest Savings Accounts
November 01, 2024

Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a new savings account product with a higher interest rate than its existing savings account products. Get the Full Story Complete...

Legal & Regulation
J.P. Morgan Affiliates Settle SEC Enforcement Actions
November 01, 2024

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...

Legal & Regulation
FTC Begins Refunding $2.5 Million in Credit Karma Deception Case
October 31, 2024

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...

Legal & Regulation
CFPB: VyStar Hurt Customers With ‘Botched’ Online Banking Rollout
October 31, 2024

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,...

Bank Regulation
House Republicans Blast ‘Undue Scrutiny’ of Bank-FinTech Partnerships
October 31, 2024

House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. 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...

Legal & Regulation
FTX Engineering Chief Gets Probation in Crypto Fraud Case
October 30, 2024

One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
J.P. Morgan Sues TikTok Users Over ATM ‘Glitch’
October 29, 2024

Over the summer, a curious fad went viral on TikTok, involving Chase Bank. 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....