Legal & Regulation

Legal & Regulation
US Regulators Want Citigroup to Fix Risk Management Faster, Report Says
September 14, 2022

Regulators at the Federal Reserve reportedly grown impatient with Citigroup’s response to its complaints about the bank’s systems for preventing mistakes. 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
US Treasury Blacklists Bitcoin Addresses Linked to Iranian Ransomware Group
September 14, 2022

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned 10 individuals and two entities for their roles in ransomware activity, cyber-espionage and other cybercrimes.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
FTC, CFPB File Amicus Brief Favoring Right to Dispute Credit Reports
September 14, 2022

Saying consumers must be allowed to dispute inaccuracies on their credit reports, the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have jointly filed an amicus brief in the case of Ingram v. Experian. Get the Full Story Complete the form to...

Legal & Regulation
Binance CEO: EU’s Proposed Crypto Reg ‘Strict’
September 14, 2022

Binance Founder and CEO Changpeng “CZ” Zhao reportedly said the European Union’s proposed regulation of cryptocurrency is “fantastic,” though he does have some reservations about it.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Report: Indian Federal Agency Searched Some Paytm, PayU Locations
September 14, 2022

An Indian federal agency has reportedly conducted searches at some PayU and Paytm locations, with the latter being owned by One 97 Communications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
U.S. Sen. Graham Mulls Licensing Social Media Platforms
September 13, 2022

U.S. Sen. Lindsey Graham, R-S.C., who has been oft-critical of social media companies, said he wants to regulate and maybe license the companies, including big names like Meta’s Facebook or Twitter, Reuters wrote. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
SEC to Form Office for Filings Involving Crypto Assets
September 11, 2022

The U.S. Securities and Exchange Commission (SEC) will add offices to its Division of Corporate Finance’s Disclosure Review Program (DRP), including an Office of Crypto Assets, a press release said Friday (Sept. 9). Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
Big Techs Continue to Navigate Legal Quagmire of EU Data Sovereignty
September 08, 2022

In the saga of Big Tech companies and their seemingly never-ending confrontations with EU legislators, issues surrounding what the EU calls “digital sovereignty” are among the most intractable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
CFPB, CMS Crack Down on Illegal Nursing Home Debt Collections
September 08, 2022

Family and friends signing admission agreements with residential nursing care facilities cannot be held liable for unpaid debts associated with a patient’s stay, according to laws in place that forbid the practice. Get the Full Story Complete the form to unlock this article and enjoy...