CFPB Classifies Buy Now Pay Later Products as Credit Cards
CFPB determined that lenders issuing digital user accounts to access BNPL products are card issuers under Regulation Z because such accounts are credit cards.
Source: natlawreview.com
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Daily Financial Regulation Update -- Thursday May 23, 2024 | Paul Hastings LLP
May 22, 2024- The Federal Deposit Insurance Corporation published its 2024 Risk Review, which summarizes conditions in the U.S. economy, financial markets, and the banking...
Source: jdsupra.com
Evergreen Challenges FMC on D&D Fees in US Court of Appeals
Evergreen is using the decision in a small claim case related to detention and demurrage fees (D&D) to challenge the Federal Maritime Commission (FMC)...
Source: maritime-executive.com
Evergreen Challenges FMC on D&D Fees in US Court of Appeals
Evergreen is using the decision in a small claim case related to detention and demurrage fees (D&D) to challenge the Federal Maritime Commission (FMC)...
Source: maritime-executive.com
ONE, Wan Hai pay $2.65 M in civil penalties
Container lines ONE and Wan Hai Lines have paid $2.65 million in civil penalties to resolve allegations of misconduct brought by FMC.
Source: offshore-energy.biz