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PayPal Sues CFPB Over ‘Misleading’ Digital Wallet Disclosure Rules

PYMNTS

In the lawsuit, filed in in the United States District Court for the District of Columbia, PayPal said the CFPB rule that requires disclosure for digital wallets and prepaid debit cards places “unreasonable restrictions” on consumers’ abilities to link certain credit products to PayPal accounts.

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Retailers Want More From Data Breach Law

PYMNTS

As the world’s largest retail association, the NRF wants a uniform federal data breach law to replace the separate, confusing and often-conflicting laws in 48 states and the District of Columbia.

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Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. Amex, China Cards : Amex became the first U.S. card network to gain access into this huge market, in tandem with Chinese JV partner LianLian Group.

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For Charter Schools, A Workforce Spend Tutorial

PYMNTS

million students in 43 states and the District of Columbia. These schools have greater autonomy than traditional public schools, but they also face more scrutiny from local regulators. The service also offers a request for proposal (RFP) process that can help charter schools comply with relevant federal regulations.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Though marijuana has been decriminalized for medical or recreational purposes in 29 states (and the District of Columbia) and 64 percent of the polled voting population supports marijuana’s legalization, pot remains very much illegal on the federal level as a Schedule 1 narcotic.

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Texas judge moves CFPB's $8 credit card late fee case to DC

American Banker

Pittman sided with the Consumer Financial Protection Bureau in ordering the case be moved from Texas to the District of Columbia due to "forum shopping." Judge Mark T.

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Equifax Reaches Historic $575 Million Settlement Agreement Arising from 2017 Data Breach

CFPB Monitor

million Social Security numbers, and 209,900 payment card numbers and expiration dates. Federal regulators as well as consumers also alleged that Equifax did not implement other basic security measures that would have protected against this data breach. 100 million will go to the CFPB for a civil money penalty.

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