Legal & Regulation

Legal & Regulation
Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
July 02, 2024

After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa, Mastercard and millions of merchants has posted her 88-page opinion. Get the Full Story Complete...

Legal & Regulation
DOJ Announces Sentencing in Former Outcome Health Executives’ Fraud Convictions
July 01, 2024

The Department of Justice (DOJ) has announced the sentences handed down to three former executives of Chicago-based health technology startup Outcome Health, who were convicted on fraud charges in April 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
FTC Charges 2 Groups of Defendants, Alleging Unauthorized Billing Scheme
July 01, 2024

The Federal Trade Commission (FTC) filed a complaint against two groups of defendants, alleging they participated in an unauthorized billing scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

ANTITRUST
Report: Nvidia Target of French Antitrust Charges
July 01, 2024

Chipmaker Nvidia is reportedly about to be charged with antitrust violations in France. 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....

Bank Regulation
Thread Bank Responds to FDIC Enforcement Action
July 01, 2024

2024 is fast becoming the summer of consent orders for smaller banks. 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
Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
July 01, 2024

The Supreme Court handed a victory to retailers battling debit card “swipe fees.” 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....

AML
DEA: Drug Traffickers Found Citi ‘Favorable’ for Money Laundering
July 01, 2024

Federal investigators say drug traffickers laundered money through Citigroup, believing it had looser fraud measures. 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
SEC Charges Web3 Firm Consensys With Unregistered Sale of Securities
June 28, 2024

The Securities and Exchange Commission (SEC) sued Consensys Friday (June 28), charging the blockchain and Web3 software company with engaging in the unregistered offer and sale of securities and with operating as an unregistered broker. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
Making Sense of the FASB’s Proposed Business Software Accounting Changes
June 28, 2024

Tax rules for businesses around their software costs haven’t changed in nearly half a century. 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,...