Legal & Regulation

CFPB
CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
October 10, 2024

The CFPB has barred dispute resolution platform Ejudicate from arbitrating disputes about consumer financial products. 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...

Bank Regulation
TD Bank Reportedly Facing $3 Billion Money Laundering Penalty
October 10, 2024

TD Bank’s American unit is reportedly set to plead guilty to anti-money laundering 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...

Bank Regulation
Battle Lines Being Drawn as FDIC Examines Industrial Loan Companies
October 09, 2024

A relatively obscure corner of the banking sector is being thrust into the spotlight — and the Federal Deposit Insurance Corp. may change the ways in which industrial loan companies operate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

ANTITRUST
DOJ Wants to Shrink Big Tech by Breaking Up Google
October 09, 2024

The U.S. government is asking a federal district judge to compel Google to break up its core businesses.  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
Citibank Urges Dismissal of Lawsuit Alleging Failure to Prevent Fraud
October 08, 2024

Citibank lawyers urged a judge Tuesday (Oct. 8) to throw out a suit filed in January by New York Attorney General Letitia James that accuses the bank of failing to protect fraud victims. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
October 08, 2024

U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions of credit and debit card transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
FTX Creditors Will Earn 119% Profit in Bankruptcy Settlement
October 08, 2024

Most of FTX’s creditors will profit from their investments in the failed cryptocurrency exchange. 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...

ANTITRUST
Judge Rules FTC Antitrust Lawsuit Against Amazon Can Proceed
October 07, 2024

A judge unsealed a Sept. 30 ruling that the Federal Trade Commission’s (FTC) antitrust lawsuit against Amazon can proceed, while the claims of some states were dismissed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
CFPB Targets Wrongful Car Repossessions and Service Fees
October 07, 2024

The Consumer Finance Protection Bureau (CFPB) says it’s taking action against improper automobile repossessions. 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...