Legal & Regulation

CFPB
CFPB Aims to Stop Debt Collectors From Contacting Borrowers at Work
January 02, 2025

The Consumer Financial Protection Bureau (CFPB) is working to prevent unlawful debt collection targeting consumers at their workplace. 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...

Legal & Regulation
Apple to Settle Siri Privacy Lawsuit for $95 Million
January 02, 2025

Apple reportedly agreed to pay $95 million to settle a privacy lawsuit centered on its voice assistant, Siri. 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...

Legal & Regulation
FinTech Dave Says DOJ Lawsuit Is ‘Government Overreach’
December 31, 2024

Mobile banking app Dave is pushing back against claims in a new government lawsuit. 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
Madoff Victim Fund Makes Final Distribution, With 94% of Fraud Losses Recovered
December 30, 2024

The Justice Department said Monday (Dec. 30) that it recovered nearly 94% of fraud losses for victims of the Ponzi scheme for which Bernard L. Madoff pleaded guilty in 2009. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
DOJ Sues FinTech Dave, Adds CEO as Defendant
December 30, 2024

The Federal Trade Commission (FTC) has referred its previously announced federal court case against online cash advance firm Dave to the Department of Justice (DOJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Bank Regulation
Chopra: Regulators Must Do More to Ensure Investment Managers Aren’t ‘Improperly Influencing’ Banks
December 30, 2024

Recent steps taken by the Federal Deposit Insurance Corporation (FDIC) will help ensure that fund managers are not “improperly influencing” decisions made by FDIC-supervised banks, Rohit Chopra, member of the FDIC board of directors and director of the Consumer Financial Protection Bureau (CFPB) said in...

Bank Regulation
5 Banks Enter Into Stipulated Orders and Written Agreements With FDIC
December 27, 2024

Five banks entered into stipulated orders and written agreements with the Federal Deposit Insurance Corporation (FDIC) in November. 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...

Legal & Regulation
Compliance Moved From Cost Center to Growth Engine in 2024
December 27, 2024

For decades, compliance has been viewed as a necessary but costly burden — a box to check to avoid penalties, maintain licenses and keep regulators at bay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
What to Watch as the Debit Interchange Fee Battle Heats Up in 2025
December 26, 2024

Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....