Legal & Regulation

CFPB
Debate Over Future of CFPB Slows Nomination of New Chair
January 24, 2025

The President Donald Trump administration is reportedly struggling to select nominees to head the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

CFPB
CFPB: Vehicle Repossessions Surpass Pre-Pandemic Levels
January 23, 2025

Americans are struggling to keep the cars they’re driving, the Consumer Financial Protection Bureau found. 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,...

Legal & Regulation
Trump Says Banks Shouldn’t Refuse to Do Business With Conservatives
January 23, 2025

President Donald Trump said Thursday (Jan. 23) that he has heard complaints from conservatives that Bank of America and other banks will not do business with them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

ANTITRUST
Apple and Google Under Scrutiny for Potential Antitrust Violations in the UK
January 23, 2025

Apple and Google, the tech giants behind massive mobile ecosystems, are facing dual antitrust probes in the U.K. 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...

Bank Regulation
UK’s FCA Charts Path From Open Banking to ‘Open Finance’
January 22, 2025

Open banking’s roots lie with the United Kingdom, where PSD2, a decade ago, gave a tailwind to banks’ “opening” their data to third-party providers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
January 22, 2025

The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to support the government’s growth mission. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

ANTITRUST
UK Ousts Antitrust Head and Replaces Him With Ex-Amazon Exec
January 22, 2025

The U.K. has reportedly replaced its competition watchdog for failing to prioritize the government’s growth agenda. 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
FTC Begins Sending Refunds to Victims of Debt Relief Scheme
January 21, 2025

The Federal Trade Commission (FTC) has begun sending more than $5 million in refunds to consumers who were harmed by a deceptive credit card debt relief scheme. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
Banking and BNPL Shifts in Limbo as Trump’s Executive Order Pauses Pending Regulations 
January 21, 2025

Amid the blizzard of executive orders that marked the first day of the Trump administration, there was widespread speculation that the new president would take some significant steps to drastically reshape agencies such as the Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance...