Legal & Regulation

Legal & Regulation
Conflicting State Data Privacy Laws May Drive Up Costs for Businesses
January 27, 2022

A hodge-podge of privacy laws across the U.S. threatens to cost businesses more than $1 trillion over the next decade, with at least 20% of that burden falling on small- to medium-sized businesses, according to a report by the Information Technology and Innovation Foundation (ITIF)...

Legal & Regulation
UK Payments Regulator Seeks More Transparency in Card-Acquiring Market
January 27, 2022

The U.K. Payment Systems Regulator (PSR) published a public consultation on January 26 in which it considers applying four potential remedies in the card-acquiring market.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Crypto Lenders Gemini, Voyager and Celsius Network Under SEC Microscope
January 26, 2022

The U.S. SEC has been scrutinizing several crypto firms because of an inquiry into companies paying interest on virtual token deposits, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
CFPB Opens Inquiry Against ‘Junk Fees’
January 26, 2022

The Consumer Financial Protection Bureau (CFPB) launched an initiative to reduce “junk fees,” a move the agency said will save consumers billions of dollars each year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
China to Renew Money Laundering Crackdown
January 26, 2022

After stepping up enforcing regulations in recent years, China is planning to launch a nationwide crackdown on money laundering, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal & Regulation
Report: Underpriced IPOs Could Be an Antitrust Violation in Japan
January 26, 2022

Japan’s competition regulator is expected to warn brokerage houses that undervaluing initial public offerings (IPOs) on the stock exchange could be a violation of the nation’s antimonopoly law, sources told The Japan Times. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
The Flip Side of Tougher Merger Rules, Enforcement
January 26, 2022

Nvidia’s $40 billion deal with Arm may soon fall apart as the parties prepare to quietly abandon the transaction due to increasing antitrust concerns in the U.K., U.S. and China. The Federal Trade Commission (FTC) on Tuesday (Jan. 25) sued to block Lockheed Martin Corporation’s...

Legal & Regulation
CFPB Casts Wide Net on Market for Consumer Credit
January 26, 2022

In a blog post on Jan. 19, the Consumer Financial Protection Bureau (CFPB) announced that given the significance credit cards and credit card debt represents for many households, it will turn its attention to ensuring what it calls a more fair, transparent and competitive credit...

Legal & Regulation
FTC Seeks to Block $4.4B Lockheed Martin-Aerojet Rocketdyne Deal
January 26, 2022

Lockheed Martin Corp.’s $4.4 billion deal to purchase the last independent U.S. supplier of missile propulsion is in jeopardy. 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...