Regulation

Regulation
UPDATED: Comptroller Sanctions Wells Fargo; CFPB Fines It $100 Million
September 08, 2016

Updated 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 PYMNTS...

Regulation
How Regulators Killed The Wells Fargo-Amazon Student Lending Venture
September 07, 2016

It was one of the more notable pair-ups in recent memory — in part, because it was so short. 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...

Regulation
Group Of More Than 400 Retailers Urges Congress Not To Repeal Durbin Amendment
September 07, 2016

More than 400 big and small retailers have joined forces to urge Congress not to repeal the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act, arguing a repeal will significantly hurt global credit and debit card companies’ anti-competitive measures. Get the...

Regulation
Amazon, Google And Apple Side With Microsoft In Customer Privacy Fight With Government
September 06, 2016

Microsoft has gotten some big-name allies in its ongoing argument with the U.S. government about its customers’ privacy rights and to what extent it is allowed/required to inform said customers of data requests from government officials. Get the Full Story Complete the form to unlock this...

Regulation
Online Tax Bill Draws Retailer Support
September 05, 2016

After some years of fighting any and all attempts on taxation, digital merchants seem to have made their peace with paying taxes and are starting to fall into line around the Online Sales Simplification Act of 2016. Get the Full Story Complete the form to unlock...

Regulation
FAA Drone Rules Take Effect
August 30, 2016

Although commercial drone delivery still isn’t here yet, it could be getting closer. 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....

Regulation
How Did Tens Of Millions In ‘Consumer Relief’ Paid By Banks End Up In The...
August 29, 2016

The Residential Mortgage-Backed Securities Working Group (RMBS) is not exactly a household name, though the coalition of federal and state regulators and prosecutors created in 2012 to “identify, investigate, and prosecute instances of wrongdoing” in the residential mortgage-backed securities market is extremely powerful, if in a...

Regulation
Wells Fargo, AMD, Fifth Third May Have Run Afoul Of Whistleblower Laws
August 26, 2016

Wells Fargo, Advanced Micro Devices (AMD) and Fifth Third Bank have reportedly struck settlement agreements with former employees that may have run afoul of U.S. whistleblower protection laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
CFPB Uses “Mystery Shoppers” To Target Bank Lending Practices
August 18, 2016

Redlining refers to an unfortunate practice of the late 20th century when banks and realtors would conspire to make it harder for certain buyers – usually minorities – to buy homes, especially in certain areas. “Red lines” were drawn around specific areas which were deemed to be...