Legal & Regulation

Legal & Regulation
FTX Star Witness Caroline Ellison Begins 2-Year Prison Sentence
November 07, 2024

Cryptocurrency-executive-turned-government-witness Caroline Ellison’s stint in prison is officially underway. 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 completing this form,...

Bank Regulation
CFPB: Navy Federal CU Fined $95 Million for Alleged Illegal Overdraft Fees
November 07, 2024

The government has ordered America’s largest credit union to repay its customers $80 million. 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...

ANTITRUST
Trump May Reassess Antitrust, Merger Policies, Potentially Halt Google Breakup
November 06, 2024

So what will U.S. antitrust policies look like under the new 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, PYMNTS Today. By...

Legal & Regulation
FTC Charges Review Platform Sitejabber With Deceiving Consumers
November 06, 2024

The Federal Trade Commission (FTC) announced a new enforcement action against Sitejabber, charging the review platform with deceiving consumers through misrepresentative reviews and ratings. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Reports: Dimon Not Joining Trump Administration
November 06, 2024

Despite reports of Republicans and Democrats naming him as a possible nominee for U.S. Treasury secretary, there’s an “almost nil” chance that JPMorgan Chase CEO Jamie Dimon will leave the bank, a source told Reuters. Get the Full Story Complete the form to unlock this...

ANTITRUST
Report: EU Questions Retailers in Visa and Mastercard Fee Controversy
November 06, 2024

The European Commission has reportedly launched a probe into whether Mastercard and Visa’s fees are hurting merchants. 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...

Legal & Regulation
FTC Suit vs FinTech ‘Dave’ Spotlights Conflict Over Fee Disclosures and Business Models
November 06, 2024

If the past few months have shown us anything it’s that the frictions between the regulators and the regulated — in this case, FinTechs — frequently are being played out in the courts. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
November 06, 2024

As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. 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...

Legal & Regulation
FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
November 06, 2024

The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not on the level. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...