Legal & Regulation

Legal & Regulation
Financial Services Legislation Is in the Spotlight as the 119th Congress Settles In
January 07, 2025

The 119th Congress has now been seated, and is poised to consider, to take up — or to scuttle — financial services legislation that may touch on everything from credit cards to earned wage access (EWA) to digital assets. Get the Full Story Complete the...

CFPB
CFPB Sues Experian, Alleging Improper Investigations of Consumer Complaints
January 07, 2025

The Consumer Financial Protection Bureau (CFPB) sued consumer reporting agency Experian on Tuesday (Jan. 7), alleging that the company unlawfully failed to properly investigate consumer disputes and included incorrect information on credit reports. Get the Full Story Complete the form to unlock this article and...

ANTITRUST
UK Competition Watchdog Plans New Big Tech Probes
January 07, 2025

England’s antitrust regulator is launching new investigations, buoyed by additional legal authority over tech giants. 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
PSD3’s Global Reach Brings US Financial Firms New Compliance Challenges
January 06, 2025

The newest update to the Payment Services Directive, PSD3, has been two years in the making, and final guidelines are expected to come this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
CFPB Sues Vanderbilt Mortgage, Alleging It ‘Traps People in Risky Loans’
January 06, 2025

The Consumer Financial Protection Bureau sued nonbank financing company Vanderbilt Mortgage & Finance Monday (Jan. 6), saying the company made loans to consumers despite evidence that they could not afford those loans. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
FTC Alleges AccessiBe Made Deceptive Claims About Web Accessibility Tool
January 03, 2025

The Federal Trade Commission (FTC) aims to require software provider accessiBe to pay $1 million to settle the agency’s allegations that the company made deceptive claims about its product and failed to disclose its material connections to online reviewers. Get the Full Story Complete the form to...

Legal & Regulation
FTC Approves Final Order Against AI-Enabled Consumer Review Platform Sitejabber
January 03, 2025

The Federal Trade Commission (FTC) has approved a final order against Sitejabber, the provider of an artificial intelligence (AI)-enabled consumer review platform, prohibiting the company from making or facilitating misrepresentations about ratings and reviews. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Bank Regulation
FDIC Rates 5 Banks ‘Outstanding’ in CRA Compliance
January 03, 2025

The Federal Deposit Insurance Corporation (FDIC) rated five banks “outstanding” and one bank “needs to improve” in its latest monthly list of banks examined for Community Reinvestment Act (CRA) compliance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Bank Regulation
OCC Poised to Ramp Up Scrutiny on Larger Banks
January 02, 2025

Moving into the new year, headlines swirled around bank stress tests and rulemaking from the Federal Reserve.  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...