Legal & Regulation

CFPB
TransUnion Faces Allegations of Violations of Fair Credit Reporting Act
October 12, 2023

The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have taken enforcement actions against consumer reporting company TransUnion, alleging multiple violations of the Fair Credit Reporting Act. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
TikTok to Argue in Court Against Montana’s Ban of Its App
October 12, 2023

TikTok is scheduled to present arguments before a federal judge Thursday (Oct. 12), aiming to get a preliminary injunction against a Montana ban on its app that is to take effect at the beginning of the year. Get the Full Story Complete the form to...

Legal & Regulation
Things Sam Is Freaking Out About: Probably His Ex-Girlfriend’s Testimony 
October 11, 2023

It was tears, not fireworks, for Caroline Ellison’s second day of testimony Wednesday (Oct. 11). 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 Says Surprise Overdraft and NSF Fees Lead to $120 Million in Refunds
October 11, 2023

Surprise overdraft and nonsufficient funds (NSF) fees account for a significant portion of the refunds to consumers by companies announced Wednesday (Oct. 11) by the Consumer Financial Protection Bureau (CFPB).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Bank Regulation
Citi Chair: New Capital Requirements Will Hurt Lending
October 11, 2023

Citigroup’s chairman is the latest banking executive to warn against the U.S. plan for new capital requirements. 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
Biden Administration to Announce New Regulations to Tackle Junk Fees
October 11, 2023

President Joe Biden and the heads of the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) will announce new rules and regulations to crack down on junk fees across various industries on Wednesday (Oct. 11). Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
From Star-Crossed Lovers to Star Witness: Caroline Ellison Says Bankman-Fried Called All the Shots
October 10, 2023

Right out of the gate, Caroline Ellison admitted to stealing billions of dollars. 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
Bankman-Fried Wants 2nd Crack at ‘Bad Legal Advice’ Defense
October 10, 2023

Sam Bankman-Fried wants another shot at mounting a “bad legal counsel” defense. 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
California Bans Junk Fees, Anticipating Federal Efforts
October 09, 2023

California will ban junk fees beginning July 1, after the state’s governor signed a bill into law on Saturday (Oct. 7).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...