Legal & Regulation

ANTITRUST
New EU Competition Chief Aims to Continue Effort to Break Up Google
December 05, 2024

The European Union’s new competition chief, Teresa Ribera, reportedly said that a breakup of Google is still a possibility. 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...

Bank Regulation
Report: FDIC Ramps Up FinTech Scrutiny
December 05, 2024

The Federal Deposit Insurance Corporation (FDIC) reportedly has begun more closely tracking FinTechs that partner with banks, aiming to spot potential problems before they affect the banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Trump Taps Fiserv CEO to Head Social Security Admin
December 05, 2024

President-elect Donald Trump has chosen Fiserv CEO Frank Bisignano to oversee the Social Security Administration. 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
FTC Orders Guardian Service Industries to Stop Enforcing Alleged No-Hire Agreements
December 04, 2024

The Federal Trade Commission (FTC) filed a complaint alleging that building services contractor Guardian Service Industries enforces a no-hire agreement and ordering it to stop doing so. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CFPB
CFPB Aims to Ban Student Loan Pro From Offering Financial Products
December 04, 2024

The Consumer Financial Protection Bureau (CFPB) has taken action to permanently ban Student Loan Pro and its owner, Judith Noh, from offering or providing consumer financial products, alleging that they violated federal law by requesting and receiving advance fees for debt-relief services. Get the Full...

Legal & Regulation
FTC Sends Refunds in Case Alleging False Promises of ‘Fast Shipping’
December 04, 2024

The Federal Trade Commission (FTC) is sending refunds to consumers it says were affected by a case in which marketer SuperGoodDeals.com allegedly promised “next-day shipping” of personal protective equipment (PPE) during the pandemic but often did not ship the merchandise for weeks. Get the Full...

Legal & Regulation
FTC Alleges Data Brokers Sold Sensitive Location Data
December 03, 2024

The Federal Trade Commission (FTC) has announced actions taken against data brokers, alleging that the companies sold sensitive location data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Legal & Regulation
FDIC Pushes for Transparency in Bank-FinTech Partnerships
December 03, 2024

As banks link with FinTechs, as new financial services are forged, with consumer-facing apps and digital channels in the mix, there’s still a need for robust record-keeping and reconciliation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

AML
New Year, New AML and Compliance Approach for Financial Institutions
December 03, 2024

It’s almost 2025, but many businesses are still facing the same old anti-money laundering (AML) and know your customer (KYC) concerns, among other compliance requirements. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...