Legal & Regulation

Legal & Regulation
EBA Chair Says Staffing Is ‘Major Concern’ for Crypto Regulation
July 31, 2022

There are reportedly “major concerns” among European regulatory officials about the ability to hire specialized staff to help regulate crypto. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Legal & Regulation
Brazil Asks WhatsApp to Delay ‘Communities’ Launch
July 29, 2022

Citing concerns about the spread of misinformation in their country’s upcoming election, Brazilian prosecutors are asking messaging platform WhatsApp to hold off on the debut of a new feature called “Communities.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
Joint DOJ, CFPB Letter Puts Auto Financiers on Notice About Military Protections
July 29, 2022

Auto finance companies were sent a joint letter from the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) alerting them about the additional protections offered to military families under the Servicemembers Civil Relief Act (SCRA).  Get the Full Story Complete the...

Legal & Regulation
FTC Takes Action Against First American’s ‘Zombie Charges’
July 29, 2022

The Federal Trade Commission has accused payment processor First American Payment Systems and two of its sales affiliates of “trapping small businesses with hidden terms, surprise exit fees, and zombie charges.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Report: FTC Staff Objected to Chair’s Decision to Sue Meta
July 29, 2022

The head of the Federal Trade Commission (FTC) reportedly led a vote to sue Meta Platforms earlier this week over the objections of the commission’s staff. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Former CFTC Chair: EU’s MiCA Bill May Hurt US Crypto
July 28, 2022

Ex-Commodity Futures Trading Commission (CFTC) chief Chris Giancarlo has said the European Union’s Markets in Crypto Assets (MiCA) bill might end up exporting European crypto regulation and damage U.S. chances at making more concrete rules. Get the Full Story Complete the form to unlock this...

Legal & Regulation
EU Considers Creating Tech Regulator
July 28, 2022

The European Commission is mulling the idea of a new directorate seeking to rein in Big Tech, which could be headed up by two top antitrust officials. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Gensler Aims to Get Crypto Exchanges to Register With SEC
July 28, 2022

U.S. Securities and Exchange Commission Chair Gary Gensler has been working harder to try and get crypto trading platforms to register with the SEC as talk about how to regulate the assets increases in volume. Get the Full Story Complete the form to unlock this...

Bank Regulation
CFPB Slaps U.S. Bank With $37.5M Fine Over Unauthorized Accounts
July 28, 2022

The Consumer Financial Protection Bureau (CFPB) hit U.S. Bank with a $37.5 million consent order for illegally accessing customers’ credit reports and personal information to open accounts without their permission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...