Legal & Regulation

Bank Regulation
Report: Trump Transition Team Members Consider Restructuring Bank Regulatory Agencies
December 12, 2024

Members of President-elect Donald Trump’s transition team reportedly are considering making changes to some bank regulatory agencies by shrinking, consolidating or eliminating them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB
Trade Associations Sue to Block CFPB Overdraft Rule
December 12, 2024

Four trade associations and three banks are pursuing legal action against the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft services, which was released Thursday (Dec. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
French Hill to Chair House Finance Committee; Promises ‘Common-Sense Economic Policies’
December 12, 2024

U.S. Rep. French Hill, R-Ark., is set to become the next chairman of the House Financial Services Committee (HFSC) after being elected by the House Republican Steering Committee. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
CFPB Unveils Overdraft Fee Regulations for Large Banks and Credit Unions
December 12, 2024

Nearly a week after a federal judge blocked a cap on “junk fees,” the Consumer Financial Protection Bureau is overhauling overdraft fee regulations for large financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Report: Google Asks FTC to End Microsoft-OpenAI Cloud Deal
December 11, 2024

Google reportedly asked the Federal Trade Commission (FTC) to end Microsoft’s exclusive agreement to host OpenAI’s technology on its cloud servers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Bank Regulation
Wells Fargo CEO More Confident in Bank’s Compliance Controls
December 11, 2024

Wells Fargo’s CEO reportedly has more confidence in his bank’s efforts to remedy its compliance issues. 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...

Legal & Regulation
Albertsons Takes Kroger to Court After Grocery Merger Collapses
December 11, 2024

Albertsons has sued fellow grocery giant Kroger over the failure of their $24.6 billion merger. 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,...

Legal & Regulation
Financial Landscape Unprepared for Increasing FinTech Influence, Oversight Group Says
December 11, 2024

Innovation within the financial services and payments space tends to center around two poles: FinTechs, and cryptocurrency. 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...

Bank Regulation
Klarna Fined $50 Million for Anti-Money Laundering Defects
December 11, 2024

Klarna has been fined $50 million in Sweden over faults in its anti-money laundering protections. 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,...