Legal & Regulation

CFPB
CFPB Sues Synapse, Seeking to Compensate Victims From Civil Penalty Fund
August 21, 2025

The Consumer Financial Protection Bureau (CFPB) aims to provide compensation from its Civil Penalty Fund to consumers harmed by the actions of the now-bankrupt banking-as-a-service (BaaS) provider Synapse Financial Technologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
FTC Says Tech Companies Must Protect Americans’ Privacy and Data
August 21, 2025

Federal Trade Commission (FTC) Chairman Andrew N. Ferguson told 13 tech companies Thursday (Aug. 21) that if they censor Americans or fail to protect their privacy and data security due to foreign governments’ demands, they may be violating U.S. law. Get the Full Story Complete...

CFPB
CFPB Presses to Rewrite Open Banking Rule
August 21, 2025

The Consumer Financial Protection Bureau is seeking comments that will inform its implementation of the open banking rule, Rule 1033. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Legal & Regulation
FTC Sues LA Fitness Over Gym Cancellation Tactics
August 20, 2025

Fitness International, the operator of LA Fitness and other gym chains, said Wednesday (Aug. 20) that it will defend its practices in court after the Federal Trade Commission (FTC) sued the company and alleged that it makes it “exceedingly difficult” to cancel memberships. Get the...

Legal & Regulation
Booking Holdings Settles Texas Lawsuit Alleging It Obscured Mandatory Fees
August 19, 2025

Texas Attorney General Ken Paxton secured a $9.5 million settlement with Booking Holdings to resolve a lawsuit in which Paxton alleged that the online travel agency engaged in deceptive “junk fee” practices. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
Washington’s Fall Agenda Puts Crypto, Banking Rules in the Crosshairs
August 18, 2025

From “winning the AI race,” to making America the “crypto capital” of the world, the 2025 political sphere has raised a host of implications for business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
FTC Sues Ticket Reseller Key Investment Group, Alleging Illegal Tactics
August 18, 2025

Ticket reseller Key Investment Group said Monday (Aug. 18) that it will “vigorously defend itself” against a Federal Trade Commission lawsuit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Bank Regulation
Inspector General Warns FDIC Oversight Failures Endanger Banks
August 18, 2025

The expansion of banking ecosystems has long been in place as financial institutions (FIs) link with providers to fine-tune and modernize operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
Litigation Finance Firm Burford Eyes Ownership of Law Firms
August 17, 2025

Non-lawyers are largely forbidden from owning law firms in the United States. 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...