Legal & Regulation

CFPB
CFPB Sues PHEAA, Alleging Illegal Collections on Student Loans
May 31, 2024

The Consumer Financial Protection Bureau (CFPB) has sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that it collects on loans that borrowers do not owe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
CFPB to Examine Mortgage Closing Costs, Rising Junk Fees
May 30, 2024

The Consumer Financial Protection Bureau (CFPB) is investigating junk fees that increase the closing costs on mortgages. 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
Mastercard and Visa Pay $197 Million to Settle ATM Suit
May 30, 2024

Visa and Mastercard will pay $197 million to end a class action suit centered on ATM 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...

Legal & Regulation
CFPB Late Fee Lawsuit Moved Back to DC Court
May 29, 2024

This round of jurisdictional ping pong goes to the CFPB. 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...

ANTITRUST
Big Tech Asks India to Reconsider Antitrust Law
May 28, 2024

Lobbyists representing U.S. tech giants reportedly asked India to reexamine a proposed antitrust law. 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
BaFin to Lift Growth Restrictions on N26
May 28, 2024

European digital bank N26 reports that Germany’s Federal Financial Supervisory Authority (BaFin) has lifted its growth restrictions on the company, effective June 1. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
Live Nation Faces Consumer Antitrust Lawsuit, Day After DOJ Suit
May 24, 2024

Live Nation and its Ticketmaster business are reportedly facing a consumer antitrust lawsuit that comes on the heels of a suit filed by the Justice Department. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal & Regulation
Will FinCen’s Customer Identification Program Burden Banks and Consumers?
May 24, 2024

The fight between financial institutions and fraudsters is an eternal one, and a key battlefield remains identifying customers at the initial point of interaction and onboarding. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
European Data Protection Authorities to Investigate OpenAI’s ChatGPT
May 24, 2024

A task force of the European Data Protection Board (EDPB) released a report that will guide member countries’ data protection authorities (DPAs) as they investigate OpenAI’s chatbot, ChatGPT. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...