Regulation

Regulation
CFIUS Fines T-Mobile $60 Million, Alleging Failure to Protect Data
August 15, 2024

Telecommunications company T-Mobile was fined $60 million by a U.S. regulator that said the company failed to prevent and report unauthorized access to sensitive data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
EU Banks Have ‘Serious Concerns’ About UK Transaction Fee Cap
August 14, 2024

European banks reportedly have issues with the U.K.’s plan to cap international digital transaction fees. 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,...

Regulation
CFTC: Cost Management Solutions Must Pay $100,000 for Failing to Register as Introducing Broker
August 12, 2024

The Commodity Futures Trading Commission (CFTC) said Monday (Aug. 12) that it required Cost Management Solutions (CMS) to pay a $100,000 civil monetary penalty after finding that the company failed to register as an introducing broker (IB). Get the Full Story Complete the form to...

Regulation
CFPB to Crack Down on ‘Predatory’ Lending in Solar Industry
August 07, 2024

The Consumer Financial Protection Bureau (CFPB) released an issue spotlight and a consumer advisory about “predatory” lending related to solar panel installations and said it will work with other government agencies to crack down on these abuses. Get the Full Story Complete the form to...

Regulation
FDIC Wants Closer Look at $8 Trillion in Uninsured Deposits
August 07, 2024

Uninsured deposits have been in the spotlight of the regulatory gaze through the past year and a half. 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
Standards May Pose a Challenge as Regulators Seek Data Interoperability
August 06, 2024

Thousands of data fields, thousands of financial firms, nine regulatory agencies … the push toward a common thread of communications across financial services would be, will be and already is a monumental undertaking. Get the Full Story Complete the form to unlock this article and...

Regulation
Regulators Have Been Sounding the Drip Pricing Alarm for Years
July 31, 2024

Washington, D.C., Attorney General Brian Schwalb’s new lawsuit against StubHub is just the latest occasion to call attention to practices that regulators have been contesting for years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
Synapse Financial Credit Division Loses Lending License
July 30, 2024

Warren Buffett once remarked that it’s when the tide goes out that you find out who’s been swimming naked. 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
India’s Central Bank Fines Visa Over Payment Authentication
July 26, 2024

The Reserve Bank of India (RBI) said Friday (July 26) that it fined Visa Worldwide Pte. Limited for its use of an unapproved payment authentication solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...