Legal & Regulation

Bank Regulation
The Wells Effect
September 12, 2016

Last week, the CFPB came down on Wells Fargo when it exposed its egregious business practices, all in the name of being focused on the customer. And for that, Karen Webster says, the CFPB should be commended for a job well done. Wells, on the...

European Commission Set to Propose New Telecom Regulations Next Week
September 09, 2016

Facebook’s WhatsApp, Apple’s FaceTime and Skype are all on the European Commission’s list, which would include tightening security regulations. After alluding to it last month, the commission is expected to release a revamped proposal of new regulations next week, which will likely include telecom and...

Legal & Regulation
FTC Bans Payday Debt Relief Operation From Industry
September 09, 2016

A debt relief operation, which went by the names “Payday Support Center” and “Infinity Client Solutions,” has been banned by the Federal Trade Commission from the debt relief business under a settlement with the FTC. Get the Full Story Complete the form to unlock this...

Legal & Regulation
The FAA Just Says No To The Samsung Galaxy Note 7
September 09, 2016

The FAA does not take kindly to phones that are likely to explode mid-flight. And in that light, it is somewhat unsurprising that the U.S. federal air safety regulator is singling out the Samsung Galaxy Note 7. Once reports started emerging that a small handheld...

Legal & Regulation
New York Rules On Payroll Debit Cards Getting Tougher
September 09, 2016

New York State workers who get paid via prepaid card will have more consumer protections starting next year. 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...

CFPB
Finance Fundamentals For Digital Fledglings
September 08, 2016

If startup innovators and finance experts are struggling to keep ahead of the curve in the rapidly evolving digital and physical finance world, educators and curricula developers are surely a few steps behind. The Consumer Financial Protection Bureau (CFPB) has released a report that contains...

Legal & Regulation
UPDATED: Comptroller Sanctions Wells Fargo; CFPB Fines It $100 Million
September 08, 2016

Updated 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...

Legal & Regulation
How Regulators Killed The Wells Fargo-Amazon Student Lending Venture
September 07, 2016

It was one of the more notable pair-ups in recent memory — in part, because it was so short. 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
Group Of More Than 400 Retailers Urges Congress Not To Repeal Durbin Amendment
September 07, 2016

More than 400 big and small retailers have joined forces to urge Congress not to repeal the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act, arguing a repeal will significantly hurt global credit and debit card companies’ anti-competitive measures. Get the...