Legal & Regulation

Legal & Regulation
EU To Investigate Apple’s Music Service
May 06, 2019

Apple has landed in European Union regulators’ radar over a complaint by rival music streaming service Spotify, which has prompted a formal inquiry by the EU, according to the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
FinTech Charter Hits Speed Bump
May 06, 2019

The suit can proceed. 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...

Bank Regulation
Wells Ups Estimates Of Legal Losses To $3.1B
May 05, 2019

Wells Fargo, the embattled national bank, is reportedly upping the money it may lose from legal actions, reported The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
RBI Fines Yes Bank For Money Transfer Violations
May 03, 2019

The Reserve Bank of India (RBI) has fined Yes Bank Rs 11.25 lakh under the Payment and Settlement Systems Act of 2007, according to reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bank Regulation
NY Lawsuit Against FinTech Banking Licenses Can Proceed
May 03, 2019

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Turo: Why Regulating P2P Carsharing Won’t Level The Playing Field
May 03, 2019

The world of traditional car rentals, generally speaking, doesn’t present a consumer with the world’s greatest experience. One can pick the general category of their rental car, but the specific make and model is going to be a mystery until they go pick it up....

Legal & Regulation
CFPB Sues Credit Repair Firms Over Upfront Fees
May 02, 2019

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against a credit repair firm, its subsidiaries and associates for asking customers to pay upfront fees, it announced Thursday (May 2). The CFPB filed a complaint against PGX Holdings Inc. and subsidiaries Progrexion Marketing Inc.,...

Legal & Regulation
OCC Opens Public Comment Period For Innovation Pilot Program
April 30, 2019

The Office of the Comptroller of the Currency (OCC) announced it has opened a 45-day public comment period on its proposed Innovation Pilot Program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Tech Lobbyists Oppose California Consumer Privacy Act
April 30, 2019

Lobbying groups and trade associations representing tech giants such as Facebook and Apple have thrown their support towards legislation that could weaken California’s landmark privacy law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...