Legal & Regulation

CFPB
Warren: CFPB Has Power To Stop Crypto Fraud
October 28, 2021

The Consumer Financial Protection Bureau (CFPB) doesn’t have to wait for other agencies’ action to curb cryptocurrency payment abuse, Sen. Elizabeth Warren said Thursday (Oct. 28), Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
In First Official Testimony, CFPB’s Chopra Targets ‘Big Tech’ as Needing More Oversight
October 27, 2021

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Legal & Regulation
FTC Warns Uber, Amazon, Other Tech Firms on Money-Making Claims
October 26, 2021

The Federal Trade Commission (FTC) has issued notices on over 1,100 companies, saying it will be aggressively targeting them if they pitch any misleading money-making claims, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Lawsuit Alleges Fitness App ClassPass Unfairly Targeted Small Businesses
October 26, 2021

The health and fitness subscription app ClassPass is facing a federal class-action lawsuit for allegedly representing itself as a partner to several small businesses without their knowledge or permission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

AML
Deep Dive: How AML/KYC Efforts Protect Online Gaming From Cybercrime Threats
October 25, 2021

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Legal & Regulation
BNPL Firms in Australia Can’t Block Merchant Surcharges 
October 22, 2021

The Reserve Bank of Australia on Friday (Oct. 22) said buy now, pay later (BNPL) companies can’t stop merchants across the country from implementing surcharges for their services, Reuters reported, following a two-year review of the situation.  Get the Full Story Complete the form to...

AML
Global Payments Gaming Solutions on Taking an Omnichannel Approach to Streamlining Payments and AML/KYC Requirements
October 22, 2021

The explosive growth of online gaming has been both a boon and bane as both players and fraudsters have flocked to gaming platforms — creating new compliance headaches for operators. In the AML/KYC Tracker, Chris Justice, president of casino payment platform Global Payments Gaming Solutions,...

CFPB
CFPB Expected To Query Tech Giants Over Financial Data Handling
October 21, 2021

Big tech companies in the U.S. are expected to receive a request for information packet from Rohit Chopra, the new director of the Consumer Financial Protection Bureau, Reuters reported on Thursday (Oct. 21), citing two sources with insider information. Get the Full Story Complete the...

AML
Online Gaming Platforms Bet on KYC Automation to Get Real Players in the Game
October 21, 2021

The explosive growth of online gaming has been both a boon and bane as both players and fraudsters have flocked to gaming platforms — creating new compliance headaches for operators. In the AML/KYC Tracker, Chris Justice, president of casino payment platform Global Payments Gaming Solutions,...