Legal & Regulation

Legal & Regulation
Report: FTC Staff Objected to Chair’s Decision to Sue Meta
July 29, 2022

The head of the Federal Trade Commission (FTC) reportedly led a vote to sue Meta Platforms earlier this week over the objections of the commission’s staff. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Former CFTC Chair: EU’s MiCA Bill May Hurt US Crypto
July 28, 2022

Ex-Commodity Futures Trading Commission (CFTC) chief Chris Giancarlo has said the European Union’s Markets in Crypto Assets (MiCA) bill might end up exporting European crypto regulation and damage U.S. chances at making more concrete rules. Get the Full Story Complete the form to unlock this...

Legal & Regulation
EU Considers Creating Tech Regulator
July 28, 2022

The European Commission is mulling the idea of a new directorate seeking to rein in Big Tech, which could be headed up by two top antitrust officials. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Gensler Aims to Get Crypto Exchanges to Register With SEC
July 28, 2022

U.S. Securities and Exchange Commission Chair Gary Gensler has been working harder to try and get crypto trading platforms to register with the SEC as talk about how to regulate the assets increases in volume. Get the Full Story Complete the form to unlock this...

Bank Regulation
CFPB Slaps U.S. Bank With $37.5M Fine Over Unauthorized Accounts
July 28, 2022

The Consumer Financial Protection Bureau (CFPB) hit U.S. Bank with a $37.5 million consent order for illegally accessing customers’ credit reports and personal information to open accounts without their permission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Crypto Champion Sunak Faces Digital Internationalist Truss in UK Leadership Race
July 27, 2022

This August, conservative party members will receive their ballots and will have until Sept. 5 to cast their vote, just in time for the new Conservative party leader to be sworn in as the next U.K. Prime Minister when parliament returns from its summer recess....

Legal & Regulation
FTC: Meta Trying to Buy Its Way to Top of VR Space With Proposed Within...
July 27, 2022

The Federal Trade Commission on Wednesday (July 27) announced it will push to block social media giant Meta Platforms’ acquisition of Within Unlimited and its virtual reality (VR) fitness app Supernatural, according to a commission press release. Get the Full Story Complete the form to...

Legal & Regulation
Sen. Durbin Wants Another Bite at Card Interchange Fees
July 27, 2022

A pair of U.S. senators are preparing a bill that would give merchants the ability to process many Mastercard and Visa credit cards over different networks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
July 26, 2022

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...