Legal & Regulation

Legal & Regulation
Earned Wage Access Demand Bumps Up Against Litigation and Drumbeat of State Regulations
April 15, 2025

PYMNTS Intelligence has spotlighted the appeal of on-demand wages, as the ability to break free from the two-week pay cycle allows workers to manage cash flow and their expenses in a more fluid manner. Get the Full Story Complete the form to unlock this article...

Legal & Regulation
UK’s FCA to Establish Regional Offices in US and Asia-Pacific
April 15, 2025

The United Kingdom’s Financial Conduct Authority (FCA) is establishing offices in the United States and the Asia-Pacific (APAC) region to offer services like helping firms navigate U.K. regulations to enter the U.K. market or raise capital. Get the Full Story Complete the form to unlock...

Bank Regulation
Report: OCC Hack Prompts Information Sharing Limits From Big Banks
April 14, 2025

A Bloomberg report released late Monday (April 14) says that JPMorgan Chase and Bank of New York Mellon have scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulator’s email system. Get the...

Bank Regulation
Bank of America to Pay $540.3 Million After Ruling in FDIC Lawsuit
April 14, 2025

Bank of America will reportedly pay $540.3 million following a judge’s ruling in a lawsuit in which the Federal Deposit Insurance Corp. (FDIC) accused the bank of paying less than it owed for deposit insurance. Get the Full Story Complete the form to unlock this...

Legal & Regulation
New York Sues DailyPay and MoneyLion, Alleging Abusive Lending Practices
April 14, 2025

The New York State Attorney General sued earned wage access providers DailyPay and MoneyLion on Monday (April 14), accusing them of illegal and deceptive conduct and abusive lending practices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

ANTITRUST
Meta’s Landmark Antitrust Trial Opens With Focus on 2020 Election
April 14, 2025

The Federal Trade Commission began laying out its landmark antitrust case against Meta Platforms in federal district court in Washington Monday (April 14), with FTC attorney Daniel Matheson telling the judge Meta “decided that competition was too hard and it would be easier to buy...

Legal & Regulation
Lawsuit Challenges Trump Administration’s Justification for Tariffs
April 14, 2025

The Trump administration’s justification for its tariffs is being challenged by a lawsuit filed in the U.S. Court of International Trade on behalf of five small businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
April 14, 2025

The protracted Synapse Financial Technologies bankruptcy is nearing its final stages with a whimper rather than a bang. Late last week (April 10) Trustee Jelena McWilliams filed a status report with the Central California Bankruptcy Court that laid the ground for dismissal or conversion of...

CFPB
CFPB Drops Lawsuit Against Comerica Bank Over Federal Benefits Program
April 11, 2025

The Consumer Financial Protection Bureau (CFPB) reportedly dropped a lawsuit against Comerica Bank that targeted the bank’s handling of a federal benefits program, alleging that it provided poor service to the recipients of benefits. Get the Full Story Complete the form to unlock this article and enjoy unlimited...