Legal & Regulation

Legal & Regulation
Google Offered To Display Rival Comparison Shopping Sites To Appease EU
September 19, 2017

Google, aiming to prevent more fines from the European Union (EU), is offering to display competing comparison shopping websites through an auction, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CFPB
When The Payday Lending Rule Drops, Opponents Are Ready To Attack
September 19, 2017

The new rules are coming for payday lenders, and opponents of those rules are readying themselves for what will likely be a fairly dizzying battle on the subject. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
Student Loan Collection Draws CFPB Attention And Ire
September 19, 2017

The CFPB laid down some serious fines on National Collegiate Student Loan Trusts and its debt collector, Transworld Systems, Inc. The firms were collectively ordered to pay $26.1 million for attempting to collect on loans that were at best out of date and at worst...

Legal & Regulation
Sofi Scandal Cost Its Bank Application
September 18, 2017

Online lender SoFi’s sex scandal, which resulted in the company’s chief executive stepping down, is dashing its chances of becoming a bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
Why Regulation Won’t Fix Credit Reporting Agencies
September 18, 2017

Some of the most memorable television commercials of the 1970s and 1980s were those promoting E. F. Hutton’s brokerage services. When its tagline, “When E. F. Hutton talks, people listen,” was spoken in those commercials, everyone in the room stopped, turned to look and listened...

CFPB
Democrats Introduce Credit Freeze Bill In Response To Equifax Leak
September 15, 2017

After the Equifax data breach that exposed the personal information of around 143 million consumers, Democrats have introduced a bill to give consumers the ability to freeze their credit for free. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Bank Regulation
EU To Centralize Market Supervision At Banks’ Expense
September 15, 2017

The European Union wants market supervision to integrate more fully than has been the case, with the price tag borne by the very banks being scrutinized. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Trump Blocks Chinese Acquisition Of Chip Maker
September 14, 2017

The decision by President Donald Trump to block a Chinese fund’s takeover attempt of a U.S. semiconductor company may presage further vetoes of cross-border deals involving Chinese buyouts of stateside entities. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Bank Regulation
CFPB Gets $14M In Relief For Deceived Consumers Since Start Of Year
September 13, 2017

The Consumer Financial Protection Bureau announced Tuesday (Sept. 12) that recent supervisory actions resulted in $14 million in relief to more than 104,000 consumers from January through June 2017. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...