Legal & Regulation

Legal & Regulation
CFIUS Fines T-Mobile $60 Million, Alleging Failure to Protect Data
August 15, 2024

Telecommunications company T-Mobile was fined $60 million by a U.S. regulator that said the company failed to prevent and report unauthorized access to sensitive data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
EU Banks Have ‘Serious Concerns’ About UK Transaction Fee Cap
August 14, 2024

European banks reportedly have issues with the U.K.’s plan to cap international digital transaction fees. 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
FTC Offers Support to Epic Games in Battle With Google
August 13, 2024

The FTC has offered support to Epic Games in that company’s legal battle with Google. 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...

Legal & Regulation
CFTC: Cost Management Solutions Must Pay $100,000 for Failing to Register as Introducing Broker
August 12, 2024

The Commodity Futures Trading Commission (CFTC) said Monday (Aug. 12) that it required Cost Management Solutions (CMS) to pay a $100,000 civil monetary penalty after finding that the company failed to register as an introducing broker (IB). Get the Full Story Complete the form to...

ANTITRUST
Judge Says Plaintiffs Can File Amended Antitrust Lawsuit Against Google
August 12, 2024

A federal judge in California is giving plaintiffs a chance to file an amended lawsuit after dismissing their antitrust lawsuit against Google. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Bank Regulation
Fed Enforcements Now Focus on Instant Payments and Tokens
August 09, 2024

A recent enforcement action by the Federal Reserve taken against Customers Bancorp and its Customers Bank subsidiary has taken note of the risks and challenges inherent in handling digital assets — and faster payments, too. Get the Full Story Complete the form to unlock this...

CFPB
CFPB: Credit Repair Cloud Let Companies Collect Illegal Fees
August 08, 2024

Since 2013, Credit Repair Cloud has sold software and products to credit repair 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, PYMNTS Today. By...

ANTITRUST
UK’s CMA Launches Merger Inquiry Into Amazon Partnership With Anthropic
August 08, 2024

Amazon’s partnership with artificial intelligence company Anthropic is being investigated by the United Kingdom’s competition and markets regulator. 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...

Legal & Regulation
FTX and Alameda Pay $12.7 Billion to End CFTC Lawsuit
August 08, 2024

FTX and sister company Alameda Research have agreed to pay their creditors $12.7 billion. 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....