Legal & Regulation

CFPB
CFPB: Block Must Pay $175 Million for Cash App’s ‘Weak Security Protocols’
January 16, 2025

The Consumer Financial Protection Bureau ordered Cash App owner Block to pay $175 million to address security failures. 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
Trump Could Reportedly Reverse TikTok Ban Via Executive Order 
January 16, 2025

President-elect Donald Trump is reportedly considering a plan to halt a ban on TikTok. 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...

Legal & Regulation
Block to Pay $80 Million to Settle AML Violation Allegations
January 15, 2025

Block has agreed to pay an $80 million fine and undertake corrective actions to resolve a coordinated enforcement action by 48 state financial regulators that alleged the company violated Bank Secrecy Act (BSA) and anti-money laundering (AML) laws. Get the Full Story Complete the form...

Legal & Regulation
GoDaddy to Settle FTC Charges of ‘Unreasonable Security Practices’
January 15, 2025

The Federal Trade Commission (FTC) said Wednesday (Jan. 15) that a proposed settlement order will require web hosting company GoDaddy to improve its information security program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB: Home Loan Protection Laws Apply to Home Equity Contracts
January 15, 2025

Mortgage lenders offering home equity contracts must comply with laws like the Truth in Lending Act, according to the Consumer Financial Protection Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
OCC Announces 3 Enforcement Actions Against Wells Fargo Leaders
January 14, 2025

The Office of the Comptroller of the Currency (OCC) has completed the enforcement actions it pursued against 11 former Wells Fargo senior bank executives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal & Regulation
UK Tribunal Halts Lawsuit Accusing Apple and Amazon of Reducing Competition
January 14, 2025

The U.K.’s Competition Appeal Tribunal reportedly ruled that a lawsuit accusing Apple and Amazon of collusion cannot 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...

Legal & Regulation
Report: European Commission Reconsiders US Tech Cases After Trump Election
January 14, 2025

The European Commission is reportedly reconsidering its investigations into U.S. tech giants as U.S. President-elect Donald Trump is set to take office next week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
US Impending Ban on Software Sparks Concerns Over Connected Car Future
January 14, 2025

The U.S. government’s impending ban on certain car parts from China and Russia, particularly those critical for connectivity and vehicle autonomy, is raising concerns across the automotive industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...