Legal & Regulation

CFPB
CFPB Sues Climb Credit and 1/0, Alleging ‘False Promises’ to Borrowers
October 17, 2024

The Consumer Financial Protection Bureau (CFPB) sued student lender Climb Credit and investment firm 1/0 Thursday (Oct. 17), alleging they provided potential borrowers with false information about the quality of their partner schools’ training programs and their graduates’ hiring rates and salaries. Get the Full...

Bank Regulation
Open Banking’s Moment of Truth: How Will Section 1033 Change the Game?
October 16, 2024

You’ve heard of the October surprise. The term applies to politics, to a bombshell or report that upends a race. And sometimes the event brings clarity — determining the direction of the race and who the ultimate winner(s) might be. Get the Full Story Complete...

Legal & Regulation
FTC Publishes Final Rule on Subscription and Membership Programs
October 16, 2024

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...

Bank Regulation
Swiss Authority Says UBS Must Revise Recovery and Emergency Plans
October 15, 2024

Swiss financial market supervisory authority FINMA will require UBS to revise its recovery and emergency plans due to the bank’s June 2023 takeover of Credit Suisse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Bank Regulation
FDIC to Banks: Work With Borrowers Impacted by Hurricane Milton
October 15, 2024

Federal regulators are encouraging banks and financial institutions to work with borrowers impacted by Hurricane Milton. 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
Regulators Raise Exemption Thresholds Regarding Mortgages, Consumer Credit and Leases
October 15, 2024

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 —...

Legal & Regulation
What on-Soil Requests Mean for Cross-Border Payments Compliance
October 14, 2024

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...

ANTITRUST
Google Seeks Pause in Play Store Antitrust Ruling
October 13, 2024

Google wants to pause a ruling requiring it to open its Play Store to rivals. 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,...

Legal & Regulation
British FinTechs Tell Government That Regulations Are Stifling Growth
October 13, 2024

A group of U.K. FinTechs has reportedly met with the country’s government with concerns about growth limits. 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...