Legal & Regulation

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...

ANTITRUST
G7 Authorities Vow to Enforce Competition Laws in AI Markets
October 04, 2024

Competition authorities and policymakers have a role in addressing competitive threats in artificial intelligence-related technologies, products and applications, the Federal Trade Commission and the Department of Justice’s Antitrust Division said in Friday (Oct. 4) press releases about their participation in the G7 Competition Authorities and...

Legal & Regulation
CFPB: More Loans Will Require Detailed Disclosures in 2025
October 04, 2024

The Consumer Financial Protection Bureau (CFPB) and Federal Reserve raised the dollar thresholds for applicability of Truth in Lending (Regulation Z) and Consumer Leasing (Regulation M) rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
EU Court Rules Meta Violated GDPR With Personal Data Use for Advertising
October 04, 2024

The Court of Justice of the European Union (CJEU) ruled Friday (Oct. 4) that Meta Platforms can use only some of the data it gathers from Facebook users to deliver targeted advertising. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Ripple Vows to Fight as SEC Appeals XRP Ruling
October 03, 2024

Blockchain firm Ripple said it’s prepared to continue its legal battle against the Securities and Exchange Commission. 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...

Bank Regulation
Starling Fined $38 Million for ‘Shockingly Lax’ Crime Controls
October 02, 2024

Starling Bank has been fined 29 million pounds ($38 million) for failing to implement proper financial crime controls. 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...

Legal & Regulation
CFPB Targets Double Billing in Medical Debt Collection
October 01, 2024

The Consumer Financial Protection Bureau (CFPB) is targeting illegal practices among medical debt collectors. 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...