Legal & Regulation

Bank Regulation
Merchants Payments Coalition Urges Fed to Finalize Interchange Fee Proposal
December 23, 2024

The Merchants Payments Coalition is urging the Federal Reserve to quickly finalize the Fed’s proposal to reduce the fees banks are allowed to charge merchants to process debit card transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

ANTITRUST
Google Proposes Revision of Search Deals to Address Antitrust Ruling
December 23, 2024

For many Apple device users, Google is the default choice for browsing the web. 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
UK Financial Authorities to Improve Cooperation on National Payments Vision
December 23, 2024

Four financial authorities in the United Kingdom said they are working to improve their cooperation and will revise their agreement as the government pursues its National Payments Vision. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

ANTITRUST
DOJ Antitrust Head: Trump Won’t Make Regulatory ‘U-Turn’
December 23, 2024

The outgoing head of the Justice Department’s antitrust unit is hopeful about the new administration. 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
Trump Signals Plans to Keep TikTok Running in US
December 23, 2024

Could TikTok have a future in the U.S. under a new administration? 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...

Bank Regulation
SEC Fines Deutsche Bank Securities $4 Million for ‘Stale’ Suspicious Activity Reports
December 20, 2024

Deutsche Bank Securities agreed to pay a $4 million civil penalty to settle Securities and Exchange Commission (SEC) charges that it failed to file certain Suspicious Activity Reports (SARs) in a timely manner. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
Italian Authority Fines OpenAI $15.6 Million for Alleged GDPR Violations
December 20, 2024

OpenAI said Friday (Dec. 20) that it will appeal a fine imposed by an Italian authority that alleged that the company violated the European Union’s General Data Protection Regulation (GDPR). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
December 20, 2024

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and Wells Fargo — alleging that they failed to protect consumers from “widespread fraud” on the peer-to-peer payment network. Get the...

Bank Regulation
Fed Issues Action Against Lineage Financial Separate from Synapse Case
December 19, 2024

The Federal Reserve Board has announced an enforcement action against Franklin, Tennessee-based Lineage Financial Network, the bank holding company of Lineage Bank. 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...