The Nilson Report

APRIL 18, 2025

The post Texas Judge Throws Out Rule That Would Have Capped Credit Card Late Fees appeared first on Nilson Report.

Caps 52

Caps Credit Cards Rules Posting 52

The Payments Association

OCTOBER 22, 2024

As of October 7, all UK payment firms making use of the faster payment system (FPS) are required to refund fraud victims up to £85,000 within five days under new rules set by the Payment Systems Regulator (PSR). Further, it is unclear whether the rules address the complexities and evolving fraud tactics.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

Payments Dive

DECEMBER 14, 2023

“I want that shoe to drop so we can start mitigating that issue,” Bread CEO Ralph Andretta said last week, as the industry awaits the CFPB’s final rule.

Caps 109

Caps CFPB Mitigation Rules 109

Stax

JULY 30, 2024

However, before you start surcharging customers, you need to be aware of all the rules surrounding it. Apart from card networks setting their own rules and guidelines, states also have certain rules that merchants must abide by. Illinois – Surcharge rates are capped at 1% or the total processing fee—whichever is lower.

Credit Cards 166

Credit Cards Laws Rules Debit Card 166

Payments Dive

JULY 18, 2023

The CEO of the private label card issuer expects a final rule on the CFPB’s proposed credit card late fee cap later this year, and litigation could follow, he said.

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Rules Card Issuer CFPB Caps 78

Stax

AUGUST 1, 2024

However, card brand rules and state and federal laws have been established to prevent merchants from abusing this privilege. In this article, we’ll explore Visa’s rules around credit card surcharging and what merchants need to know about them. Per the latest reports, Visa wants to enforce its surcharging rules more seriously.

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Rules Credit Cards Caps Processors 88

Fintech News

APRIL 2, 2024

To qualify as an accredited investor, an individual must demonstrate considerable financial robustness, evidenced by owning more than S$2 million in net personal assets—with the valuation of a primary residence capped at S$1 million—or possessing over S$1 million in net financial assets, or earning an annual income exceeding S$300,000.

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Rules Accreditation Money Laundering Caps 114

M2P Fintech

APRIL 11, 2025

Additionally, the enforcement of the 75% Loan-to-Value (LTV) cap was uneven, and risk weights were incorrectly applied. Loan-to-Value (LTV) Cap and Tenure The draft reiterates the LTV cap of 75%, ensuring responsible lending. This makes it easy to ensure that bullet repayment loans are capped as per regulatory guidelines.

Due Diligence 52

Due Diligence Caps Audit Non-Bank 52

PYMNTS

DECEMBER 2, 2020

India, in a bid to curb antitrust concerns, is trying a new strategy, putting a 30 percent cap on what a single player can grab from transactions, Bloomberg reported. Despite WhatsApp having over 400 million users in India, the government caps will make it unable to beat its rivals in India, including local giant Paytm.

Caps 67

Caps Volume FinTech Interoperability 67

PYMNTS

FEBRUARY 27, 2019

Supreme Court ruling in favor of the card networks during a case in 2017, and with Australia in the midst of pondering either swipe fee limits or an outright ban. ” Part of that simplification should include the addition of commercial cards under swipe fee caps, he added. Swipe fee debates are not new, with the U.S.

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Commercial Card Caps Regulations Card Issuer 70

PYMNTS

DECEMBER 9, 2020

These are $100 billion market cap companies that are sitting in the middle of the payments supply chain.”. All of these new FinTechs and digital innovators are changing the landscape as the role of payments rapidly shifts in the broader financial services arena. These aren't small companies or digital innovators,” he noted.

Innovation 122

Innovation Rules FinTech Acquirers 122

Fi911

DECEMBER 3, 2024

By setting a cap on the number of transactions a user can initiate within a specific period, velocity checks aid in reducing the incidence of fraud, thereby mitigating potential losses to merchants. Should a user conduct a series of transactions inconsistent with their historical data, these transactions are flagged for review.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

PYMNTS

DECEMBER 18, 2020

Apple Chief Executive Tim Cook already is expected to testify in the case, in which Epic challenges Apple's rules governing the selling of programs and subscriptions through its App Store. In a ruling dated Friday (Dec.

Caps 120

Caps Rules Government Governance 120

PYMNTS

MAY 10, 2020

According to the law, digital securities “presumptively not an investment contract” would not be subjected to the sometimes contradictory rules between organizations. The law is an amendment to a bill filed by Majority Leader Ian Calderon. Open interest on the platform fell.

Bitcoin 67

Bitcoin Caps Security Cryptocurrency 67

The Fintech Times

JUNE 10, 2024

The Payments Association is urging for a delay in the rollout of new authorised push payment (APP) fraud rules, leveraging the recent leadership change at the Payment Systems Regulator (PSR) as a pivotal moment to push for reconsideration. The rule changes require the FPS to ensure that Pay.UK

Rules 59

Rules Payments Caps Non-Bank 59

PYMNTS

SEPTEMBER 30, 2016

The European Union wants the Basel Committee on Banking Supervision to reexamine its rules governing banks’ capital requirements and restrictions on internal risk controls, according to reports on Thursday (Sept. Dombrovskis said on Thursday that the floors should be thrown out.

Rules 60

Rules Risk Caps Adjustments 60

PYMNTS

FEBRUARY 17, 2019

Uber , the ride-hailing startup, filed a lawsuit against the city of New York last week seeking to overturn a rule that puts a cap on the number of drivers that work for ride-hailing companies that can operate in the city. Uber wants the law thrown out, fearing the city could make it a permanent cap.

Caps 46

Caps Laws Underserved On-Demand 46

Payments Source

MAY 13, 2019

Restaurants, electronics sellers and digital-goods merchants are seeing sharp spikes in fraud as criminals find creative new ways to interfere in online and mobile commerce.

Caps 86

Caps Scams Fraud Prevention Rules 86

Payments Source

MARCH 7, 2018

House legislation to reverse a federal court decision on state interest rate caps would increase access to credit, not expand predatory lending as critics have argued.

Rules 60

Rules Caps Consumer Regulations 60

PYMNTS

OCTOBER 14, 2019

The suit asks that the city’s Taxi and Limousine Commission’s (TLC) cruising rule be invalidated. The law imposes a 31 percent cap on cruising time for most vehicles before 11 p.m. Lyft says the mandate is based on old, inaccurate TLC data and doesn’t hold taxis to any caps. .

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Caps Laws Rules Addressing 43

PYMNTS

MAY 6, 2019

The European Commission (EC) recently ruled in favor of a 40 percent reduction of interregional interchange fees charged by Visa and Mastercard, a ruling that reports said applies to non-EU consumer debit and credit cards used to make purchases across Europe. Earlier this year, the EC issued a $648.3

Commercial Card 46

Commercial Card Caps Regs Visa 46

PYMNTS

APRIL 15, 2016

AirPlus revealed that it will replace its individual pay corporate cards with cards that fall under the EU’s definition of a card product to which interchange fee caps apply. The EU ruled late last year that the regulation regarding those caps, which limit the fee at 0.3 regulator declared.

Commercial Card 40

Commercial Card Rules Caps Regulations 40

Fi911

FEBRUARY 14, 2024

Capped (Accrual) Reserves A capped reserve accumulates funds by withholding a percentage of monthly sales until reaching a fixed cap, often half of the merchant’s monthly processing volume. Once the cap is reached, no additional funds are held in reserve.

Risk Management 99

Risk Management Risk Accounts Processors 99

The Payments Association

OCTOBER 21, 2024

The rule changes provide stronger consumer protection but also raise concerns about industry costs and potential fraud exploitation. Years in the making, the rule changes replace the voluntary system of reimbursement operated by the signatories of the Contingent Reimbursement Model Code. What is this article about? Why is it important?

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

PYMNTS

NOVEMBER 8, 2019

China has changed some IPO rules to entice more tech companies to list publicly in the country, according to a report by The Wall Street Journal. The new rules, put forth by securities regulations and officials at the stock exchange, could be unveiled in the next few days. billion) or less.

Rules 44

Rules Caps Regulations Security 44

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. A cap also would support competition, he said, according to Reuters. "We The suggestion was made by Lou Jiwei, the country's former finance minister and now an advisor to the government, Reuters reported.

FinTech 102

FinTech Governance Government Caps 102

PYMNTS

APRIL 5, 2016

JPMC has capped ATM withdrawals at $1,000 per day for those who are not accountholders with the bank. There are no codified rules on appropriate withdrawal amounts. Individual banks are largely left to that determination on their own. banks’ policies vary.

ATM 41

ATM Caps Financial Crimes Funds Availability 41

PYMNTS

MAY 13, 2019

The proposed credit card interest rate cap legislation , courtesy of Democratic presidential hopeful Senator Bernie Sanders and Rep. Alexandria Ocasio-Cortez is in serious need of an almost half-century-old refresher course in the unintended consequences of price caps on the American consumer. Here’s why. A 46-Year-Old History Lesson.

Consumer 78

Consumer Caps Credit Cards Push-to-Card 78

Finextra

MARCH 5, 2024

The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.

Consumer Financial Protection Bureau (CFPB) 45

Consumer Financial Protection Bureau (CFPB) Credit Cards CFPB Caps 45

PYMNTS

APRIL 13, 2020

Since then, Sevounts noted, marketplaces have been attempting to limit price gouging and hoarding behaviors by putting hard caps on how much of particular items customers can purchase at one time. It’s a solid start, he said, but one that needs some technical assistance on the back end if it is actually going to have any kind of effect.

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Security Account Takeovers Caps Accounts 129

PYMNTS

APRIL 8, 2020

The endgame is for those SMBs, most of which have had to close or drastically reduce operations to prevent the spread of the coronavirus , to be able to continue to pay employees and keep the lights on while social distancing and lockdown rules are in effect.

Shutdown 104

Shutdown Small Business Caps Governance 104

PYMNTS

MAY 14, 2020

The possible merger between Uber and Grubhub is causing a wave of worry over delivery fees at a time when some local officials are considering instituting caps , as the New York City Council did on Wednesday (May 13). Similar caps were also instituted in San Francisco, Seattle, Washington, D.C.,

Federal Trade Commission 80

Federal Trade Commission Caps FTC Rules 80

The Payments Association

DECEMBER 2, 2024

To manage this, some institutions have introduced measures such as a claim excess fee of up to £100 per case, though this does not apply to vulnerable consumers. This importantly underscores the FCA’s concern that in the process of calibrating processes to mitigate fraud risk, PSPs may inadvertently create unreasonable barriers to consumers.”

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

PYMNTS

NOVEMBER 8, 2019

China has changed some IPO rules to entice more tech companies to list publicly in the country, according to a report by The Wall Street Journal. The new rules, put forth by securities regulations and officials at the stock exchange, could be unveiled in the next few days. billion) or less.

Rules 40

Rules Caps Regulations Security 40

PYMNTS

NOVEMBER 8, 2019

China has changed some IPO rules to entice more tech companies to list publicly in the country, according to a report by The Wall Street Journal. The new rules, put forth by securities regulations and officials at the stock exchange, could be unveiled in the next few days. billion) or less.

Rules 41

Rules Caps Regulations Security 41

PYMNTS

NOVEMBER 11, 2020

“The combined losses of the five tech heavyweights since their Monday’s close has contributed to more than $280 billion being wiped off in terms of market cap at the close of the trading day in Hong Kong,” according to CNBC’s calculations. 10) that it was issuing draft rules to put a stop to the “monopolistic behavior” on digital platforms.

NOV 83

NOV Regulations Rules Caps 83

Stax

SEPTEMBER 26, 2024

It requires stringent adherence to regulatory guidelines and card network rules, from surcharge caps to disclosure requirements. Some states cap the surcharge rate to a set rate or dollar amount. The overarching rule is that it must not exceed the fees charged by credit card companies.

Credit Cards 88

Credit Cards Caps Best Practices Laws 88