Legal & Regulation

Legal & Regulation
Judge Grants Request for 60-Day Hold on SEC Lawsuit Against Binance
February 13, 2025

A federal judge reportedly granted a joint request by the Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance to put the SEC’s civil lawsuit against the company on hold. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bank Regulation
Proposed Congressional Resolutions Aim to Overturn CFPB’s Overdraft Rule
February 13, 2025

Congressional Review Act (CRA) resolutions introduced Thursday (Feb. 13) in the U.S. House and Senate would overturn the Consumer Financial Protection Bureau’s (CFPB) final rule capping overdraft fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Mass Layoffs Hit Workers At Government Agencies
February 13, 2025

Mass government layoffs have reportedly begun under the White House’s plan to shrink the federal bureaucracy. 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
European Commission Withdraws Draft Rules on Technology Patents, AI Liability and Consumer Privacy
February 12, 2025

The European Commission (EC) will stop pursuing three draft rules that would have regulated technology patents, artificial intelligence (AI) liability and consumer privacy on messaging apps. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB Lays Off Dozens of Employees as Headquarters Remains Closed
February 12, 2025

The Consumer Financial Protection Bureau reportedly sent termination notes to dozens of employees late Tuesday (Feb. 11). 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...

Bank Regulation
Court Battle Could Reshape Consumer Financial Data Landscape
February 12, 2025

The fight over the CFPB’s status and, in particular, the future of Open Banking Rule 1033 is on. A Washington, D.C.-based trade group, the Financial Technology Association (FTA), is seeking to intervene in a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final rule on personal...

Legal & Regulation
CFPB Director Nomination Tops Trump’s Picks to Lead Financial Regulators
February 12, 2025

Three weeks in, President Donald Trump’s second term has been anything but quiet. 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 newsletter, PYMNTS Today....

Legal & Regulation
DOGE Staffer Mistakenly Given Editing Access to Treasury Payments
February 12, 2025

When Elon Musk began digging into the U.S. Treasury, one phrase kept coming up: “Read-only access.” 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...

CFPB
Trump Names New CFPB Head Amid Regulatory ‘Limbo’
February 12, 2025

President Trump has named a new CFPB director while the agency faces an uncertain future. 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 newsletter,...