Legal & Regulation

CFPB
CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
January 06, 2025

The Consumer Financial Protection Bureau sued nonbank financing company Vanderbilt Mortgage & Finance Monday (Jan. 6), saying the company made loans to consumers despite evidence that they could not afford those loans. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
FTC Alleges AccessiBe Made Deceptive Claims About Web Accessibility Tool
January 03, 2025

The Federal Trade Commission (FTC) aims to require software provider accessiBe to pay $1 million to settle the agency’s allegations that the company made deceptive claims about its product and failed to disclose its material connections to online reviewers. Get the Full Story Complete the form to...

Legal & Regulation
FTC Approves Final Order Against AI-Enabled Consumer Review Platform Sitejabber
January 03, 2025

The Federal Trade Commission (FTC) has approved a final order against Sitejabber, the provider of an artificial intelligence (AI)-enabled consumer review platform, prohibiting the company from making or facilitating misrepresentations about ratings and reviews. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Bank Regulation
FDIC Rates 5 Banks ‘Outstanding’ in CRA Compliance
January 03, 2025

The Federal Deposit Insurance Corporation (FDIC) rated five banks “outstanding” and one bank “needs to improve” in its latest monthly list of banks examined for Community Reinvestment Act (CRA) compliance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Bank Regulation
OCC Poised to Ramp Up Scrutiny on Larger Banks
January 02, 2025

Moving into the new year, headlines swirled around bank stress tests and rulemaking from the Federal Reserve.  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...

CFPB
CFPB Aims to Stop Debt Collectors From Contacting Borrowers at Work
January 02, 2025

The Consumer Financial Protection Bureau (CFPB) is working to prevent unlawful debt collection targeting consumers at their workplace. 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
Apple to Settle Siri Privacy Lawsuit for $95 Million
January 02, 2025

Apple reportedly agreed to pay $95 million to settle a privacy lawsuit centered on its voice assistant, Siri. 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
FinTech Dave Says DOJ Lawsuit Is ‘Government Overreach’
December 31, 2024

Mobile banking app Dave is pushing back against claims in a new government lawsuit. 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...

Legal & Regulation
Madoff Victim Fund Makes Final Distribution, With 94% of Fraud Losses Recovered
December 30, 2024

The Justice Department said Monday (Dec. 30) that it recovered nearly 94% of fraud losses for victims of the Ponzi scheme for which Bernard L. Madoff pleaded guilty in 2009. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...