Legal & Regulation

CFPB
At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’
June 12, 2024

Consumer Financial Protection Bureau Director Rohit Chopra took note during his Wednesday appearance before the Senate Banking Committee that companies including PayPal and JPMorgan are monetizing customers’ financial data — warning the country is moving toward an age of “financial surveillance.” Get the Full Story...

CFPB
McHenry Says CFPB Proposal Would ‘Severely Impair’ Credit Report Accuracy
June 11, 2024

House Financial Services Committee (HFSC) Chairman Patrick McHenry, R-N.C., condemned a proposed rule announced Tuesday (June 11) by the Consumer Financial Protection Bureau (CFPB), saying it would upend the American credit and healthcare systems. Get the Full Story Complete the form to unlock this article...

ANTITRUST
4 More States Join DOJ Antitrust Lawsuit Targeting Apple
June 11, 2024

Four more states have joined the Department of Justice’s civil antitrust lawsuit alleging that Apple monopolizes smartphone markets. 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...

CFPB
CFPB Issues Proposed Rule Banning Medical Bills From Credit Reports
June 11, 2024

The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. 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
SEC, US Attorney Charge Joonko Founder Ilit Raz With Fraud
June 11, 2024

The founder of a now-closed artificial intelligence (AI) recruitment startup called Joonko is facing charges from both the Securities and Exchange Commission (SEC) and the United States Attorney’s Office for the Southern District of New York. Get the Full Story Complete the form to unlock...

CFPB
Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?
June 10, 2024

Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week. 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
Synapse Hearing Highlights Frustration With Banking-as-a-Service Complexities
June 10, 2024

The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case appeared no closer to a resolution. As a result, the hearing set the stage for what will be a complex...

Legal & Regulation
UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard
June 07, 2024

Visa and Mastercard are facing new lawsuits over multilateral interchange 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, PYMNTS Today. By completing...

Legal & Regulation
Judge Allows Yelp to Sue Firm That Claimed to Remove ‘Bad’ Reviews
June 07, 2024

Yelp can continue a trademark infringement and unfair competition lawsuit against a company that advertised that it could remove “bad” reviews from the platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...