Legal & Regulation

ANTITRUST
Google Seeks Pause in Play Store Antitrust Ruling
October 13, 2024

Google wants to pause a ruling requiring it to open its Play Store to rivals. 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
British FinTechs Tell Government That Regulations Are Stifling Growth
October 13, 2024

A group of U.K. FinTechs has reportedly met with the country’s government with concerns about growth limits. 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
Treasury Official: State-by-State Regulations Stifle Innovation for FinTechs
October 11, 2024

A federal regulatory framework for nonbank payment service providers is needed to reduce risks and promote innovation, Nellie Liang, under secretary for domestic finance at the U.S. Treasury Department, said Wednesday (Oct. 9). Get the Full Story Complete the form to unlock this article and...

AML
Regulators Tell TD Bank How to Fix AML Failures
October 10, 2024

TD Bank Group said Thursday (Oct. 10) that it takes full responsibility for the failures of its U.S. Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance programs and will continue its work to remediate them. Get the Full Story Complete the form to unlock...

CFPB
CFPB Accuses Ejudicate of Conducting ‘Sham’ Student Loan Arbitrations
October 10, 2024

The CFPB has barred dispute resolution platform Ejudicate from arbitrating disputes about consumer financial products. 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...

Bank Regulation
TD Bank Reportedly Facing $3 Billion Money Laundering Penalty
October 10, 2024

TD Bank’s American unit is reportedly set to plead guilty to anti-money laundering failures. 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...

Bank Regulation
Battle Lines Being Drawn as FDIC Examines Industrial Loan Companies
October 09, 2024

A relatively obscure corner of the banking sector is being thrust into the spotlight — and the Federal Deposit Insurance Corp. may change the ways in which industrial loan companies operate. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

ANTITRUST
DOJ Wants to Shrink Big Tech by Breaking Up Google
October 09, 2024

The U.S. government is asking a federal district judge to compel Google to break up its core businesses.  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
Citibank Urges Dismissal of Lawsuit Alleging Failure to Prevent Fraud
October 08, 2024

Citibank lawyers urged a judge Tuesday (Oct. 8) to throw out a suit filed in January by New York Attorney General Letitia James that accuses the bank of failing to protect fraud victims. Get the Full Story Complete the form to unlock this article and...