Legal & Regulation

Legal & Regulation
FDIC Authorizes Potential Legal Action Against Former SVB Executives
December 18, 2024

The Federal Deposit Insurance Corporation (FDIC) board of directors reportedly votedunanimously to authorize potential legal action against six former officers and 11 former directors of Silicon Valley Bank (SVB). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB
CFPB Reports ‘Dramatic’ Increase in Complaints About Card Rewards
December 18, 2024

America’s leading consumer finance watchdog is warning credit card companies not to devalue rewards points. 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
Grubhub to Settle Charges of Consumer Protection and Competition Violations
December 17, 2024

Grubhub will pay $25 million and make several changes to its operations to settle charges that it violated consumer protection and competition laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
SEC and Express Settle Charges Related to Disclosure Obligations
December 17, 2024

The Securities and Exchange Commission (SEC) settled charges with Express, Inc., in which it alleged that the fashion retailer failed to disclose executive compensation paid to its now-former CEO in fiscal years 2019, 2020 and 2021. Get the Full Story Complete the form to unlock...

Legal & Regulation
NY Seeks Fairer Lending From Nonbank Mortgage Companies
December 17, 2024

New York’s financial watchdog has proposed new measures governing nonbank mortgage lenders. 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
FTC Finalizes ‘Bait and Switch’ Rule for Event Ticketing and Lodging Sectors
December 17, 2024

The FTC has unveiled a rule blocking “bait-and-switch” pricing for hotels and concert tickets. 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...

CFPB
CFPB Finds ‘Range’ of Unlawful Student Loan Market Activities
December 16, 2024

A new regulatory report shows a variety of unlawful activity in America’s student loan market. 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
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
December 16, 2024

The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not be finalized.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
UK Publishes Safety Rules for Online Service Providers
December 16, 2024

The United Kingdom’s internet regulator issued final safety guidelines for online service providers. 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....