Legal & Regulation

CFPB
New CFPB Proposed Rule Would Restrict Data Brokers’ Reach
December 03, 2024

As the year draws to a close, the end of 2024 has been marked by a flurry of rule-making by the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Judge Denies American Express Motion to Dismiss Federal Antitrust Lawsuit
December 03, 2024

A federal judge denied American Express’ motions to compel arbitration and to dismiss a federal antitrust lawsuit brought by 5-Star General Store on behalf of more than 5,000 merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
FTC Orders GOAT to Pay $2 Million, Alleging Shipping Violations
December 02, 2024

The Federal Trade Commission (FTC) has ordered online sneaker and apparel retailer GOAT to pay over $2 million to consumers, alleging that the company violated the agency’s rules around shipping practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Bank Regulation
Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
December 02, 2024

The eventual resolution of the key question in the wake of the Synapse bankruptcy — namely, where the money went — will take time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Bank Regulation
Monetary Authority of Singapore Fines JPMorgan Over Inaccurate Disclosures
December 02, 2024

The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million Singapore dollars (about $1.8 million) on JPMorgan Chase Bank, N.A., alleging misconduct by the bank’s relationship managers (RMs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
JPMorgan CEO Dimon Serves as ‘Sounding Board’ for Trump
December 01, 2024

Though uninterested in joining the White House, Jamie Dimon has reportedly been advising the president-elect. 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,...

AML
Report: Wise Implements Regulator’s Recommendations to Bolster AML Programs
November 29, 2024

FinTech Wise reportedly has implemented a European regulator’s recommendations to bolster its anti-money laundering (AML) programs. 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,...

ANTITRUST
Google Asks Court to Throw Out Ruling in Antitrust Case
November 27, 2024

Google reportedly said in a Wednesday (Nov. 27) court filing that a judge’s ruling in an antitrust case brought by Epic Games should be thrown out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
November 27, 2024

Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were once held by Evolve were moved by Synapse to other banks about a year ago, before the bankruptcy. Get the...