Legal & Regulation

Legal & Regulation
Crypto Champion Sunak Faces Digital Internationalist Truss in UK Leadership Race
July 27, 2022

This August, conservative party members will receive their ballots and will have until Sept. 5 to cast their vote, just in time for the new Conservative party leader to be sworn in as the next U.K. Prime Minister when parliament returns from its summer recess....

Legal & Regulation
FTC: Meta Trying to Buy Its Way to Top of VR Space With Proposed Within...
July 27, 2022

The Federal Trade Commission on Wednesday (July 27) announced it will push to block social media giant Meta Platforms’ acquisition of Within Unlimited and its virtual reality (VR) fitness app Supernatural, according to a commission press release. Get the Full Story Complete the form to...

Legal & Regulation
Sen. Durbin Wants Another Bite at Card Interchange Fees
July 27, 2022

A pair of U.S. senators are preparing a bill that would give merchants the ability to process many Mastercard and Visa credit cards over different networks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
July 26, 2022

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Polish Banks Face Fines if They Inhibit Mortgage Payment Holiday Scheme
July 26, 2022

Polish banks could face fines of up to 10% of their annual turnover if they make it difficult for mortgage holders to take advantage of payment holidays, the country’s consumer watchdog said Tuesday (July 26). Get the Full Story Complete the form to unlock this...

Legal & Regulation
Titanium Blockchain CEO Pleads Guilty in $21M Crypto Fraud Case
July 25, 2022

Titanium Blockchain Infrastructure’s (TBIS) CEO, Michael Alan Stollery, pleaded guilty Friday (July 22) for his role in a crypto fraud scheme in which he used investor funds for his own purposes, a press release from the Department of Justice (DOJ) said Monday. Get the Full...

Legal & Regulation
CFTC Introduces Office of Technology Innovation as Crypto Regulation Develops
July 25, 2022

The Commodity Futures Trading Commission (CFTC), which is one of the top U.S. crypto regulators, is bolstering its regulatory power with the new Office of Technology Innovation, according to remarks from CFTC Chairman Rostin Behnam Monday (July 25). Get the Full Story Complete the form...

Legal & Regulation
CFPB to Seek Feedback on Open Banking Rulemaking in November
July 22, 2022

Open banking continues to grow and so do regulatory frameworks that aim at fostering its use. 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...

Legal & Regulation
Weekly TechREG: US, UK Lawmakers Move Stablecoin Bills; CFPB Could Force Banks to Reimburse Scam,...
July 22, 2022

This week, the U.K. government introduced the Financial Services and Markets Bill, which would amend banking regulations to include stablecoins as a new payment method. The bill will also pave the way for the Treasury to issue new crypto rules. In the U.S., lawmakers are...