Legal & Regulation

Legal & Regulation
FTC Mulls New Artificial Intelligence Regulation to Protect Consumers
December 21, 2021

The Federal Trade Commission (FTC) is considering a wide range of options, including new rules and guidelines, to tackle data privacy concerns and algorithmic discrimination. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
M&A Scrutiny, Price Regulation Possible Headwinds for Pharma, Biotech in 2022
December 20, 2021

Pharmaceutical companies and biotech companies have undeniably enjoyed a very profitable 2021, and probably rightly so, for bringing to the market in record time effective vaccines to fight against COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
December 17, 2021

The U.K.’s Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 ($84.7 million) for “failings” in its anti-money laundering (AML) system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

AML
Deep Dive: How AML/KYC Measures Have Changed as Digital Banking Becomes More Popular
December 17, 2021

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 this form, you agree to receive marketing communications from PYMNTS and...

Legal & Regulation
H&R Block Files Suit Against Dorsey’s Block Over Square Rebrand
December 16, 2021

U.S. income tax preparation company H&R Block has taken issue with Square’s recent name change to Block and has filed a lawsuit in federal court, according to a press release Thursday (Dec. 16). Get the Full Story Complete the form to unlock this article and...

CFPB
CFPB Works With Global Regulators to Target BNPL
December 16, 2021

Citing concerns about the buy now, pay later (BNPL) sector, the Consumer Financial Protection Bureau has ordered five BNPL firms to turn over information about their industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bank Regulation
Battle of the Regulators May Leave Bank Mergers in Limbo
December 16, 2021

Mergers and acquisitions have been a mainstay of financial services, a strategic tool that helps big firms get bigger and smaller firms become, well, big. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Australia’s Financial Regulators Endorse Treasurer’s Plan for Crypto, Payment Reform
December 16, 2021

The Council of Financial Regulators released on Thursday (Dec. 16) its quarterly statement, where it endorsed the treasurer’s plans for a major reform in the payment system, including potential regulation of crypto-assets. Get the Full Story Complete the form to unlock this article and enjoy...

AML
Upgrade on Taking a Data-Centric Approach to Meeting AML/KYC Requirements
December 16, 2021

More digital banking services mean more of an opportunity for identity theft. In the AML/KYC Tracker, Tom Curran, chief risk and compliance officer at Upgrade, explains how using data combined with biometric tech has helped reduce fraud at account opening in a secure, compliant way.