Legal & Regulation

CFPB
Former CFPB Chief Technologist Tells Court Agency Cuts Put Data at Risk
February 28, 2025

Former Consumer Financial Protection Bureau (CFPB) Chief Technologist Erie Meyer reportedly said in court documents filed Friday (Feb. 28) that the cancellation of cybersecurity contracts at the agency puts sensitive data at risk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB
Report: CFPB Employees Tell Court Leaders Plan to Wind Down Agency
February 28, 2025

Several federal employees reportedly said in statements submitted for a lawsuit that the new leadership of the Consumer Financial Protection Bureau (CFPB) plans to wind down the agency and fire most of its employees. Get the Full Story Complete the form to unlock this article...

Bank Regulation
TD Bank Says Guidepost Solutions Will Oversee AML Compliance Remediation Efforts
February 27, 2025

TD Bank said Thursday (Feb. 27) that U.S. authorities selected consulting firm Guidepost Solutions as the independent monitor to oversee the bank’s remediation efforts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Trump Says Proposed Tariffs Will Take Effect March 4
February 27, 2025

The U.S. will impose new tariffs on Canada, Mexico and China, President Donald Trump announced Thursday (Feb. 27). 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
SEC to Consider How to Harmonize AI-Related Disclosures Across Industries
February 27, 2025

Artificial intelligence (AI) and retail investor fraud will be the topics of two panels that will be organized by the Securities and Exchange Commission’s (SEC) Investor Advisory Committee (IAC) and held at a public meeting on March 6. Get the Full Story Complete the form to unlock...

CFPB
‘CFPB Has Gotten in the Way of Its Own Mission,’ McKernan Claims at Confirmation Hearing
February 27, 2025

Jonathan McKernan, appearing before the Senate Banking Committee during a hearing on his nomination to lead the Consumer Financial Protection Bureau, told lawmakers Thursday (Feb 26), “All too often, … the CFPB has gotten in the way of its own mission.” Get the Full Story...

CFPB
CFPB Drops ‘Savings 360’ Lawsuit Against Capital One
February 27, 2025

The Consumer Financial Protection Bureau (CFPB) dropped a lawsuit against Capital One on Thursday (Feb. 27). 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,...

Legal & Regulation
Trump Says US Has Decided to Impose Tariffs on EU
February 26, 2025

President Donald Trump reportedly said Wednesday (Feb. 26) that the U.S. has decided to impose tariffs on the European Union (EU) and will announce the details soon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Government Memo Outlines How Agencies Should Streamline Federal Workforce
February 26, 2025

Federal government agencies should focus on the “maximum elimination” of functions that are not statutorily mandated, while enabling high-quality, efficient delivery of those are that statutorily mandated, according to a memorandum issued Wednesday (Feb. 26) to help agencies implement President Donald Trump’s Department of Government Efficiency (DOGE)...