Regulation

Regulation
Battle Over CFPB Small Business Data Collection Continues After Senate Vote
October 22, 2023

The battle over the Consumer Financial Protection Bureau’s (CFPB) efforts around small business data collection continues following a Senate vote to reverse that rule. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Regulation
Challenges and Changes Loom as Fed Mulls and Court Considers Debit Interchange Fees
October 19, 2023

Debit interchange fees may see a revamp — a refashioning of the charges levied on merchants, the likes of which has not been seen in a decade. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Regulation
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an Oct. 12 (Thursday) statement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
Biden Administration to Announce New Regulations to Tackle Junk Fees
October 11, 2023

President Joe Biden and the heads of the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) will announce new rules and regulations to crack down on junk fees across various industries on Wednesday (Oct. 11). Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Report: Revolut Probed Over Transactions From Suspicious Accounts
October 01, 2023

England’s financial regulator is reportedly examining whether Revolut permitted transactions involving suspicious accounts. 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...

Regulation
US, EU Data Sharing Framework Paves Way for ‘Trust and Consumer Confidence’
September 28, 2023

Ashley Eisenberg, data privacy officer at Forter, told PYMNTS in a recent interview that as companies do business across borders, data access — and protection — are top of mind. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
EC Commissioner Says DMA Doesn’t Compromise Security and Privacy
September 26, 2023

Following a recent meeting with Apple CEO Tim Cook, European Union (EU) Internal Market Commissioner Thierry Breton called on the tech giant to open up its ecosystem of hardware and software to rivals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
Biden Administration Weighs Requiring Cloud Companies to Disclose Heavy Users, Citing AI Threats
September 22, 2023

The White House is reportedly considering the implementation of a new policy that would require cloud computing companies to disclose certain information about their customers to the U.S. government. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Regulation
CFPB Says Lenders Must Explain AI-Driven Credit Denials
September 19, 2023

The Consumer Financial Protection Bureau (CFPB) has released guidance for lenders who utilize artificial intelligence (AI) and complex models in their credit decision-making processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....