PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? regulators and politicians increase their focus on big tech and associated areas, with recent hearings targeting Facebook and Google. Even so, “regulation remains a stumbling block to cryptocurrency’s wider adoption,” the report continued. Not only that, but the newspaper said the U.S.

Regulations 82

Regulations Legal Framework Cryptocurrency Bitcoin 82

PYMNTS

SEPTEMBER 8, 2020

With the boom of eCommerce both before and during the pandemic, European Union regulators are taking another look at antitrust rules regarding internet sales and distribution platforms. The goal, she added, is “to ensure that the rules remain fit for a world that is increasingly digital and changing at a fast pace.”.

Rules 52

Rules Regulations Blocks Addressing 52

PYMNTS

APRIL 1, 2020

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121

Laws Law Enforcement Governance Government 121

PYMNTS

NOVEMBER 25, 2020

Digital assets are reportedly seen as commodities and ruled by securities law in the country following an order on the topic earlier in the fall. The Giving Block has reportedly locked down collaborations with more than 120 charities and 30 blockchain firms to lead the occasion.

Bitcoin 110

Bitcoin Blockchain Digital Currency Blocks 110

Fintech News

JUNE 12, 2024

To make multilateral payment platforms work well, there need to be clear rules and ways for different systems to work together. As multilateral platforms scale, the governance framework must evolve to keep up with changes in board participation, voting rules, regional representation, and economic models.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Interoperability Payments 122

PYMNTS

FEBRUARY 11, 2020

Facebook CEO Mark Zuckerberg has scheduled meetings with European Union (EU) regulators ahead of an official proposal presentation to create a new framework for Big Tech, Reuters reported on Tuesday (Feb. Zuckerberg will meet with the EU’s digital regulation leaders on Monday (Feb.

Regulations 60

Regulations Privacy Rules Blocks 60

PYMNTS

JULY 31, 2019

The Block reported that the comprehensive overview is expected to follow FCA’s draft proposals released at the beginning of the year, which explained that “any token that is not a security token, or an eMoney token is unregulated.” The Financial Conduct Authority (FCA) has issued updated guidance on the U.K.’s s cryptocurrency market.

Stablecoins 75

Stablecoins Regulations Financial Crimes Crime 75

PYMNTS

JULY 27, 2018

The move to block the ETF came down to a 3-1 vote of sitting commissioners, with Commissioner Hester Peirce a dissenting vote. The SEC had blocked the ETF last year — the ruling was then appealed by CBOE’s Bats exchange , which wanted to list the ETF, reported Reuters.

Blocks 41

Blocks Bitcoin Laws Rules 41

PYMNTS

NOVEMBER 20, 2020

News came this week that a (virtual) meeting between regulators and Big Tech – which would center on draft proposals that might impact their very operations on the Continent –has been postponed briefly from Nov. For Big Tech, there’s just a hint of a bit of a reprieve in Europe. 24 to Dec 2. As noted by Yahoo!

Legal Framework 104

Legal Framework Rules Fed Regulations 104

PYMNTS

DECEMBER 20, 2020

One reason Jiwei gave for the possible rule is that it would help avoid the amassing of too much bad debt by one entity. Chinese officials have warned in recent months that the tech sector faces significant new regulation , lest companies operating within it become too powerful. Jiwei was speaking at a wealth management conference.

FinTech 102

FinTech Governance Government Caps 102

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. It remains to be seen if COVID-19 will have any effect on future developments of this rule.

Privacy 79

Privacy CCPA Rules Regulations 79

PYMNTS

OCTOBER 26, 2018

state bank regulators said it filed a complaint in the U.S. But legal hurdles have caused some FinTechs to approach the charters cautiously, reports said, while they wait for greater clarity and certainty on the rules. Reports in Reuters on Thursday (Oct. The body of U.S.

Office of the Comptroller of the Currency 62

Office of the Comptroller of the Currency OCC Regs Blocks 62

PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? regulators and politicians increase their focus on Big Tech and associated areas, with recent hearings targeting Facebook and Google. Even so, “regulation remains a stumbling block to cryptocurrency’s wider adoption. It is part of a broader push to boost the nascent cryptocurrency industry.”

Regulations 51

Regulations Legal Framework Cryptocurrency Bitcoin 51

PYMNTS

SEPTEMBER 18, 2017

Nowhere is this outrage more deafening than the halls of Congress , where member after member now demands that executive heads at Equifax be placed on chopping blocks and massive regulatory changes across the credit reporting industry be made. We don’t need more regulation. Senator Elizabeth Warren (D – Mass.)

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

FEBRUARY 11, 2020

Facebook CEO Mark Zuckerberg has scheduled meetings with European Union (EU) regulators ahead of an official proposal presentation to create a new framework for Big Tech, Reuters reported on Tuesday (Feb. Zuckerberg will meet with the EU’s digital regulation leaders on Monday (Feb.

Regulations 52

Regulations Privacy Rules Blocks 52

Fintech News

JULY 24, 2024

2 – Circumventing Regulatory Procedures Fintech companies have a great temptation to bypass regulation. The Indian regulator RBI allows several lending schemes, the main one being the First Loan Default Guarantee which covers only 5% risk. RBI is trying to prevent fintechs from working with the high-risk segment.

Non-Bank 114

Non-Bank Risk Regulations FinTech 114

PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report.

Blocks 60

Blocks Federal Trade Commission FTC Accreditation 60

PYMNTS

APRIL 25, 2019

With concerns that a merger between Asda and Sainsbury’s would raise prices for shoppers, the arrangement has been blocked by the competition watchdog in the United Kingdom. At the time, it was reported that the ruling was widely criticized by some as out of touch with the needs of the retail landscape. billion deal.

Blocks 40

Blocks Authorization Rules Regulations 40

PYMNTS

JUNE 13, 2018

A Texas court ruled on Tuesday (June 12) against delaying the compliance date for the Consumer Financial Protection Bureau ’s rule on payday loans. A lawsuit had aimed to block the new federal rules that would limit these short-term loans that some critics say can force people into serious debt. But the U.S.

Rules 44

Rules CFPB Credit Union Procedures 44

PYMNTS

JULY 2, 2020

WhatsApp will be allowed to operate its payments service in Brazil once the company formally seeks permission and shows it can operate in the country without putting customers’ data at risk or violating rules intended to preserve competition, the company’s chief central banker said Thursday, according to Reuters.

Central Bank 93

Central Bank Payments Blocks Rules 93

PYMNTS

MAY 3, 2019

Regulators from New York got the nod from a judge to move forward with their lawsuit aimed at stopping FinTechs from offering banking services on a national level. Regulators in New York want to prevent federal government agencies from granting FinTechs national licenses enabling them to loan and send money like a bank.

OCC 62

OCC FinTech Rules Regulations 62

PYMNTS

JUNE 20, 2018

Peer-to-peer car-sharing services might soon face the same regulation as traditional car rental companies. This month, for example, Maryland passed a bill that requires car-sharing companies to comply with regulations similar to rules for car rental companies, including paying sales tax.

P2P 40

P2P Regulations Void Rules 40

PYMNTS

SEPTEMBER 27, 2017

Facebook faces orders from the Russian Federation to comply with an internet regulation law that orders the company to store Russians’ personal data on Russian servers. If Facebook does not comply, the Russian government will block the social media website next year. There can’t be any exceptions here.”.

Blocks 41

Blocks Laws Governance Government 41

PYMNTS

MAY 25, 2018

As Europe’s General Data Protection Regulation (GDPR) comes into effect, Facebook privacy critic Max Schrems has filed four complaints over consent required to use online services. Furthermore, Schrems claims “Facebook has even blocked accounts of users who have not given consent.” But, with the law, users must be given a free choice.

Privacy 70

Privacy Laws Regulations Rules 70

PYMNTS

JUNE 12, 2019

“I will note the potential for mischief if the purpose and effect of an acquisition is to block potential competitors, protect a monopoly, or otherwise harm competition.”. Department of Justice joins other regulators in going after Google for anti-competitive behaviors.

Federal Trade Commission 55

Federal Trade Commission Rules FTC Blocks 55

Stax

JANUARY 15, 2024

Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Be sure to understand federal laws, state regulations, and international standards to sidestep potential legal issues. In case of ambiguities, don’t hesitate to consult with state regulators.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

OCTOBER 2, 2020

regulators blocked Walmart's 7.3 Regulators ruled that the new company would raise prices for consumers. Walmart International’s President and CEO Judith McKenna told Reuters that she expects the Competition and Markets Authority (CMA), Britain’s competition regulator, to soon examine the sale. billion pound ($9.45

Blocks 74

Blocks Acquirers Regulations Small Business 74

PYMNTS

MARCH 29, 2017

Once again, the lack of oversight, regulation and the potential for fraud in the broader bitcoin space worked against the proposed ETF. As with last time, bitcoin’s value fell upon the news — though not nearly as dramatically as after the previous SEC ruling. Concern among investors has grown amid signs of an impending hard fork.

Bitcoin 49

Bitcoin Blocks Digital Currency Rules 49

PYMNTS

AUGUST 9, 2018

10), but will now have the additional time to continue to shape rules pertaining to the internet as the market in India takes off. Reuters noted that Sharma took on Facebook and Apple , helping to shape rules that prevent internet service providers from charging different prices for accessing different parts of the internet.

Regulations 40

Regulations Blocks Governance Government 40

Finovate

SEPTEMBER 23, 2024

Power f raud detection and risk management While GenAI can continuously monitor transactions to detect anomalies and identify fraudulent patterns, Agentic AI can instantly flag suspicious activities, alert relevant parties, and even block transactions. Also, as regulations change, it can adjust to rules without human intervention.

AI 105

AI Assessments Compliance Automation 105

The Fintech Times

DECEMBER 28, 2023

Rise of open banking The idea of open banking rapidly spread across the globe – either driven by regulators like in the UK or driven by the market as in the US. Thus, they write the rules for whatever happens on your phone and they can restrict any app’s access to the hardware at will. Google has not yet done so, but Apple has.

CHIPS 107

CHIPS Credit Cards Non-Bank PayPal 107

PYMNTS

JULY 11, 2017

The Consumer Financial Protection Bureau (CFPB) has handed down a controversial ruling stating companies cannot opt to use arbitration clauses in their contracts with consumers in a manner that keeps consumers from joining class action lawsuits. The rule begins applying to agreements and contracts 180 days later. .

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Credit Cards 40

PYMNTS

DECEMBER 19, 2019

A total of 41 apps were found to be not in compliance of user data rules, according to regulators, and violations included improperly collecting or using information about visitors to their services. The rules of the regulators are secret, but discussion of politically sensitive topics has been known to disappear from websites.

Privacy 52

Privacy Regulations Rules Authorization 52

PYMNTS

MARCH 31, 2017

For a second time, it was the lack of oversight, regulation and the potential for fraud in the broader bitcoin space that worked against the proposed ETF. Still, the SEC’s repeated calls for regulation and oversight are sobering given other developments brewing in the bitcoin space. Hard fork, anyone?

Bitcoin 65

Bitcoin Digital Currency Blocks Volume 65

FICO

JUNE 18, 2018

Are we making the progress we want to see — and regulators demand — on non-performing loans (NPL)? You can analyse the European landscape by dividing the countries into 3 blocks. Block 1 — Countries with NPL ratios > 20%. The vast majority of future loan book sales is likely to come from this block.

Blocks 63

Blocks Non-Bank Risk Volume 63

PYMNTS

JUNE 8, 2020

Financial regulators have been responding to this rise in online and contactless payment use by making careful changes to the regulations they already have in place for these methods, such as Strong Customer Authentication (SCA), according to the trade association for U.K. Regulators Jump to Tailor SCA for COVID-19.

Finance 60

Finance Contactless Payments Regulations Authentication 60

PYMNTS

JUNE 14, 2017

A bipartisan bill that’s being sponsored by eight senators is making the rounds and is aimed at blocking federal banking regulators from pushing a financial institution to stop serving marijuana businesses or the businesses’ landlords or lawyers in states where the drug has been made legal for medical or recreational purposes.

Legal 71

Legal Laws Blocks Bitcoin 71