Legal & Regulation

Bank Regulation
FDIC Takes Hard Look at ‘For Benefit Of’ Accounts
September 06, 2024

The ties that bind banks and FinTechs will be more closely watched by the Federal Deposit Insurance Corporation (FDIC), and a formal proposal/rule from the regulatory agency, governing accounts in banking-as-a-service relationships, may come sooner rather than later. Get the Full Story Complete the form...

Legal & Regulation
UK Payments Industry Seeks Further Reduction of Fraud-Reimbursement Cap
September 06, 2024

The payments industry in the United Kingdom is reportedly advocating for changes to fraud-reimbursement rules that are set to be enacted Oct. 7. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
Judge Says Shareholders’ Lawsuit Against Coinbase Can Move Forward
September 06, 2024

A proposed class action lawsuit brought against Coinbase by shareholders is reportedly moving forward. 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....

Legal & Regulation
Nvidia and Microsoft Face Lawsuit Alleging AI Chip-Related Patent Infringement
September 05, 2024

Nvidia, Microsoft and patent risk management company RPX are facing a lawsuit accusing them of “rampant” patent infringement and antitrust law violations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

CFPB
CFPB Says Debt Collectors Try to Collect on Already-Paid Medical Bills
September 05, 2024

The Consumer Financial Protection Bureau (CFPB) has found that debt collectors are using illegal tactics, and it is taking steps to ensure they follow consumer financial protection laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Ex-Wirecard CEO Ordered to Pay $155 Million Over Unpaid Loans
September 05, 2024

Former Wirecard CEO Markus Braun’s legal troubles are reportedly worsening. 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 this...

Legal & Regulation
Ex-Discover Exec Sues to Recoup Pay Ahead of Capital One Merger
September 05, 2024

A lawsuit by a former Discover executive claims the company wrongfully revoked millions in compensation. 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,...

ANTITRUST
Antitrust Trial Targeting Google’s Digital Ad Business to Begin Monday
September 04, 2024

A month after losing a landmark antitrust case, Google will reportedly face another antitrust trial that targets its digital advertising business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Bank Regulation
FCA: Banks Need to Make It Easier to Create Accounts
September 04, 2024

The U.K.’s Financial Conduct Authority (FCA) wants banks to make it easier for customers to apply for accounts. 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...