Legal & Regulation

Legal & Regulation
FleetCor Says It Will Appeal Court’s Decision in Fuel Card Case Brought by FTC
August 10, 2022

Global business payments company FleetCor has announced that it will appeal the ruling in a case involving the company’s fuel card business in the U.S. brought by the U.S. Federal Trade Commission (FTC). Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
SEC, CFTC Weigh New Hedge Fund Crypto Reporting Rules
August 10, 2022

Federal regulators are set to issue a proposal that would — among other things — require large hedge funds to reveal their cryptocurrency exposure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Rep. Waters: Hold Equifax, Leadership Accountable for Erroneous Credit Scores
August 10, 2022

Rep. Maxine Waters (D-Calif.) has said credit reporting firm Equifax and its leaders should be held accountable for selling erroneous credit scores to lenders, and should be prevented from selling reports until it proves problems were fixed and controls are in place. Get the Full...

ANTITRUST
DOJ Eyes Antitrust Case Against Google, Report Says
August 09, 2022

The U.S. Justice Department could sue Google within the next month, which could address the long-held issues that parent company Alphabet abuses its position at the forefront of digital advertising, Bloomberg wrote. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
Fourth BitMEX Figure Pleads Guilty to Failing to Implement AML, KYC Programs
August 09, 2022

In the fourth admission to violations of U.S. law among top figures at BitMEX, the crypto exchange’s former head of development pleaded guilty to failing to put compliance programs in place. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Former Federal Prosecutor: Crypto Regulation Bill ‘Still Pretty Vague’
August 08, 2022

Former federal prosecutor Grant Fondo has said legislation that aims to provide clarity on which U.S. agency should be in charge of crypto regulation isn’t getting the job done yet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB
CFPB Fine Prompts Senators to Demand More Info From US Bank 
August 08, 2022

Several Democratic senators fired off a letter to U.S. Bank CEO Andrew Cecere demanding additional information after the Consumer Financial Protection Bureau (CFPB) fined the financial institution (FI) $37.5 million in a customer accounts scandal. Get the Full Story Complete the form to unlock this...

Bank Regulation
Regulators Fail to Rein In Risk of Shadow Banking, Former BoE Official Says
August 07, 2022

U.K. financial regulators haven’t tackled risks adequately, ex-Bank of England governor Paul Tucker says, and now they should construct a “comprehensive” new policy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
US Ponders Tougher Regs for Regional Banks, Muddling Merger Deals
August 07, 2022

Regulators in the U.S. are looking into whether big regional banks should be required to add to the debt buffer that helps them in times of crisis, which could slow down some pending mergers. Get the Full Story Complete the form to unlock this article...