Legal & Regulation

Legal & Regulation
UK’s FCA: Financial Firms Must Improve Treatment of Politicians
July 18, 2024

The United Kingdom’s Financial Conduct Authority (FCA) is looking to change its guidance to ensure that financial firms do not treat politicians and public servants unfairly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Says Earned Wage Access Programs Are Consumer Loans
July 18, 2024

Regulators are painting several types of lending products with a broad brush, bringing an ever-widening swath of lenders under federal purview. 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
OCC Comptroller Hsu: Political Polarization Poses Long-Term Risk to Banking
July 17, 2024

Political polarization presents a long-term risk to banking, Acting Comptroller of the Currency Michael J. Hsu said Wednesday (July 17). 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...

CFPB
Banking Sector Seeks More Time on CFPB Open Banking Rule
July 17, 2024

The banking industry wants more time to comply with a new rule governing consumer financial data. 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
Will Supreme Court Rulings Keep Federal Regulators in Court?
July 17, 2024

When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come to being popularly tagged SCOTUS v. Chevron — the reaction was split. Get the Full Story Complete the form to...

ANTITRUST
Trump Running Mate J.D. Vance’s Antitrust Views Divide Business Leaders
July 16, 2024

It is an election year — and political uncertainty is top of mind for 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
Judge Rules Against Sanctioning Law Firm in Visa, Mastercard Settlement
July 15, 2024

A federal magistrate judge ruled Saturday (July 13) that plaintiffs law firm Milberg Coleman Bryson Phillips Grossman would not be sanctioned at this time for submitting fake claims in an antitrust settlement with Visa and Mastercard. Get the Full Story Complete the form to unlock...

Bank Regulation
Australian Banks Refund $19 Million to Low-Income Customers
July 15, 2024

Banks in Australia are issuing $19 million in refunds to low-income customers. 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...

Legal & Regulation
PayPal Fined $27 Million for Contract Violations in Poland
July 15, 2024

A Polish regulator fined PayPal $27.3 million over allegedly “unprecedented” user agreement 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. yesSubscribe to our daily newsletter, PYMNTS Today....