Legal & Regulation

Legal & Regulation
Rep. Patrick McHenry Says CFPB Vilifies Financial Services Industry
November 29, 2023

House Financial Services Committee (HFSC) Chairman Patrick McHenry of North Carolina said Wednesday (Nov. 29) the Consumer Financial Protection Bureau (CFPB) is serving as a political actor rather than an independent financial regulator. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
FTX Investors Add MLB and Formula 1 to Class-Action Lawsuit
November 28, 2023

Investors who lost billions of dollars in the collapse of cryptocurrency exchange FTX have reportedly expanded their legal action to include Major League Baseball (MLB), Formula 1 racing, and Mercedes-Benz Group AG’s racing team. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
FTC Issues $3 Million in Refunds for Leads Sold by HomeAdvisor
November 28, 2023

HomeAdvisor, a company affiliated with Angi (formerly known as Angie’s List), came under scrutiny by the Federal Trade Commission (FTC) for alleged deceptive marketing tactics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
CFPB Fines Bank of America Over Mortgage Lending Data Submissions
November 28, 2023

The Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay $12 million for submitting incomplete mortgage lending data to the federal government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Judge Rules Binance Founder Must Remain in US 
November 27, 2023

Changpeng Zhao, the co-founder of cryptocurrency exchange Binance Holdings, is reportedly facing legal restrictions that prevent him from returning to his home in the United Arab Emirates (UAE).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Australia to Regulate Digital Wallets Alongside Credit Cards
November 27, 2023

Australia is set to introduce legislation governing the use of Apple Pay and other digital wallets. 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...

Legal & Regulation
Binance Founder Seeks to Prove He’s Not a Flight Risk
November 26, 2023

Binance’s founder is fighting the Justice Department’s efforts to keep him in the U.S. 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
OpenAI Investors Mull Lawsuit Over Altman’s Firing
November 21, 2023

Some OpenAI investors are reportedly considering legal action in response to ex-CEO Sam Altman’s firing. 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,...

CFPB
CFPB Orders Prehired to Pay $30 Million, Cease Operations
November 20, 2023

The Consumer Financial Protection Bureau (CFPB), in collaboration with 11 states, has announced an enforcement action against Prehired, a Delaware-based company that has filed for bankruptcy and ceased operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...