Regulation

Regulation
FTC Settles With SoFi
February 25, 2019

The Federal Trade Commission announced it has resolved its investigation of online lender SoFi, following a public comment period. 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...

Regulation
FinTechs Press States To Streamline Regulations
February 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
In China, Some Banks Shy Away From Letting Cards Max Out
February 18, 2019

In China, Reuters reports that banks have resisted “maxing” out their credit card business, eyeing consumer spending and the fact that credit card lending has become what the newswire calls a “risky supplement” to other loan activity. Get the Full Story Complete the form to unlock...

Regulation
Morgan Lewis Principal Weighs In On Payday Loan Debate
February 18, 2019

The Consumer Financial Protection Bureau (CFPB) said earlier in the month that it will look to overhaul a number of payday loan regulations that were put in place in 2017 and were slated to go into effect in August of this year. Get the Full...

Regulation
EU Reaches Deal On Marketplace Regs
February 18, 2019

As far as eCommerce drama goes, the running tension that defines the relationships among the European Union and U.S.-based companies such as Amazon, Facebook and Google has little competition. Now comes the next chapter in the story: An effort by the EU to crack down...

Regulation
Brexit To Bring ECB Scrutiny To Bear On Banks
February 15, 2019

Brexit backlash? 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 form, you agree to receive marketing communications from...

Regulation
SLPs Not Complying With UK Rules, And Not Being Punished
February 14, 2019

Nearly half of the U.K. corporate structures that are tied to money laundering don’t meet the ownership regulation, but haven’t faced any punishment since the rules aren’t enforced, reported the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Amazon Faces An Inquiry In Austria Over Its Dual Roles
February 14, 2019

Amazon is under fire in Austria, with the Austrian Federal Competition Authority reviewing the firm’s dual role as a leading retailer and a platform for small merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Apple, IBM CEOs To Advise On Trump Workforce Policy
February 14, 2019

Apple CEO Tim Cook and IBM CEO Ginni Rometty have been appointed to President Donald Trump’s advisory board that aims to direct the future of workforce policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...