Legal & Regulation

Bank Regulation
White House Mulling Former CFPB Director Richard Cordray as Fed Banking Regulator
November 30, 2021

President Joe Biden is weighing whether to nominate attorney and former Consumer Financial Protection Bureau Richard Cordray as the Federal Reserve’s top banking regulator, people familiar with the discussions told The Wall Street Journal Tuesday (Nov. 30). Get the Full Story Complete the form to...

Legal & Regulation
India Could Create New Regulatory Body for Social Media
November 29, 2021

A parliamentary panel in India says social media platforms like Facebook and Twitter should be considered publishers and get their own regulatory body. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
New UK Bill Seeks Crackdown on Data Breaches, Cybertheft From Connected Devices
November 29, 2021

The United Kingdom is seeking to crack down on connected device cybercrime with the introduction of a new law urging manufacturers, importers and wholesalers to make changes to how these devices are made, sold and periodically updated, or face stiff new penalties. Get the Full...

Legal & Regulation
6 Ways the EU’s Digital Markets Act Will Change Big Tech
November 29, 2021

The European Union’s Digital Markets Act is coming, and Big Tech will never be the same. In theory. 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...

Legal & Regulation
EU Competition Chief Urges Final Push To Pass Big Tech Rules
November 29, 2021

Legislation regulating Big Tech should be approved ASAP by the European Parliament and European Council because “it is best to get 80 percent now than 100 percent never” the European Union (EU) competition and digital policy head Margrethe Vestager said ahead of the FT-ETNO Tech...

Legal & Regulation
EU’s Digital Market Act Clears Hurdle, Would Set Restrictions on Social Media Platforms
November 28, 2021

The European Parliament Committee on Internal Market and Consumer Protection (IMCO) has approved the Digital Markets Act (DMA) to put more stringent rules about big social media platforms in place. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Bank Regulation
Comptroller of the Currency Backpedals on Rulings Allowing Banks to Handle Crypto
November 23, 2021

On the surface, it sounds good. Acting Comptroller of the Currency Michael Hsu confirmed that banks can hold cryptocurrencies for customers, can hold dollar reserves for stablecoin issuers and can use stablecoins to make payments. Get the Full Story Complete the form to unlock this...

Legal & Regulation
Apple Files Suit Against Software Vendor NSO Group
November 23, 2021

Apple has filed a lawsuit against the NSO Group, an Israeli company that sells software to government and law enforcement agencies to let them hack iPhones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Fraud Suit Verdict Undermines SEC Control of Cryptocurrencies
November 23, 2021

A lawsuit over an alleged crypto Ponzi scheme dating back to 2014 may have thrown a big wrench into the U.S. Securities and Exchange Commission’s argument that nearly all cryptocurrencies are securities over which it has authority. Get the Full Story Complete the form to...