Legal & Regulation

Legal & Regulation
Report: UBS Nears Settlement of US Case Involving Credit Suisse
January 09, 2025

UBS reportedly could settle a case this week involving Credit Suisse, which UBS acquired in 2023. 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
CFPB Signals Rulemaking Push for Nonbank Personal Loans, Including BNPL
January 09, 2025

The Consumer Financial Protection Bureau has been busy — with the latest salvo of (possible) rulemaking looming for buy now, pay later (BNPL) loans, earned wage access and other financial products. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

ANTITRUST
FTC Chair Wants Trump to Avoid Antitrust ‘Backsliding’
January 09, 2025

The head of the FTC is imploring the incoming administration to continue her antitrust work. 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
JPMorgan Sues Greece’s Viva Wallet Over ‘Unlawful Actions’
January 09, 2025

The legal battle between J.P. Morgan Chase and Greece’s Viva Wallet is not over.  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...

CBW Says FDIC’s $20 Million AML Fine ‘Unreasonable’
January 08, 2025

CBW Bank, with roughly $90 million in assets, filed a suit against the Federal Deposit Insurance Corp. (FDIC) contending that $20.4 million in penalties assessed against the bank for alleged failures over anti-money laundering (AML) efforts and deficiencies are both “unprecedented” and “unreasonable.”   Get the...

Bank Regulation
CFPB Permits Financial Data Exchange to Set Open Banking Standards
January 08, 2025

The Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body, allowing it to issue standards that companies can use to help them comply with the CFPB’s regulations. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
FTC Finalizes $7 Million Settlement With H&R Block
January 08, 2025

The FTC says it has finalized a $7 million settlement with H&R Block. 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. By...

Legal & Regulation
DOJ Warns Against AI Washing as Ex-MoviePass CEO Pleads Guilty 
January 08, 2025

The former chief executive of MoviePass’ parent company has admitted to defrauding the company’s investors. 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,...

Bank Regulation
Bank of England Aims to Loosen Rules for Lenders and Insurers
January 08, 2025

The Bank of England has reportedly announced plans to relax rules for banks and insurers. 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,...