Legal & Regulation

Legal & Regulation
Treasury IG and GAO Investigate DOGE Access to Federal Payment Systems
February 14, 2025

The Treasury Inspector General and the Government Accountability Office (GAO) are investigating the reported decision by Treasury Secretary Scott Bessent to allow the Elon Musk-led Department of Government Efficiency (DOGE) to access government payment systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
Report: Former CFPB Chief Technology Alleges Agency Data Set for Deletion
February 14, 2025

Former Consumer Financial Protection Bureau (CFPB) Chief Technologist Erie Meyer reportedly alleged in a legal filing that Trump administration officials are set to delete databases holding the agency’s data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Regulatory Roundup: CFPB on the Chopping Block, Stablecoins in Focus
February 14, 2025

It was an earth-shaking week for regulatory agencies, and a groundbreaking week for stablecoins. 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...

CFPB
CFPB Expands Layoffs to Include Dozens of ‘Term Employees’
February 14, 2025

The Consumer Financial Protection Bureau (CFPB) reportedly sent termination notices to more employees on Thursday (Feb. 13). 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...

Legal & Regulation
Judge Grants Request for 60-Day Hold on SEC Lawsuit Against Binance
February 13, 2025

A federal judge reportedly granted a joint request by the Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance to put the SEC’s civil lawsuit against the company on hold. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bank Regulation
Proposed Congressional Resolutions Aim to Overturn CFPB’s Overdraft Rule
February 13, 2025

Congressional Review Act (CRA) resolutions introduced Thursday (Feb. 13) in the U.S. House and Senate would overturn the Consumer Financial Protection Bureau’s (CFPB) final rule capping overdraft fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Mass Layoffs Hit Workers At Government Agencies
February 13, 2025

Mass government layoffs have reportedly begun under the White House’s plan to shrink the federal bureaucracy. 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...

Legal & Regulation
European Commission Withdraws Draft Rules on Technology Patents, AI Liability and Consumer Privacy
February 12, 2025

The European Commission (EC) will stop pursuing three draft rules that would have regulated technology patents, artificial intelligence (AI) liability and consumer privacy on messaging apps. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Lays Off Dozens of Employees as Headquarters Remains Closed
February 12, 2025

The Consumer Financial Protection Bureau reportedly sent termination notes to dozens of employees late Tuesday (Feb. 11). 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...