The Fintech Times

AUGUST 14, 2024

” AFC also explained that it recognises the ‘essential’ role of existing consumer protections and governance structures in safeguarding consumer privacy and managing third-party risk.

Treasury 69

Treasury AI Innovation FinTech 69

NFCW

NOVEMBER 27, 2023

“While the CFPB has enforcement authority over these companies, the CFPB has not previously had, inside many of these firms, examiners carefully scrutinizing their activities to ensure they are following the law and monitoring their executives.”

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Rules CFPB Consumer 52

The Fintech Times

JULY 31, 2024

“Issues such as data privacy, cross-border transactions, and adherence to stringent anti-money laundering (AML) protocols require constant vigilance and adaptation. The evolving nature of fintech regulations requires platforms to be agile, constantly updating their compliance strategies to align with new laws and guidelines.

Compliance 64

Compliance AML Regulations Due Diligence 64

PYMNTS

NOVEMBER 4, 2020

regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”. Don’t let the lack of hard law in the U.S. , the Federal Reserve Bank of Boston said, “To date, U.S. One need only look to the U.K. for a foretaste.

Laws 68

Laws API Regulations Non-Bank 68

Fintech Review

NOVEMBER 12, 2024

Partnerships must ensure that fintech innovations comply with banking regulations and data protection laws. For example, using customer data responsibly and maintaining privacy are critical concerns that need thorough compliance frameworks.

FinTech 105

FinTech Financial Inclusion Regulatory Compliance Compliance 105

Neopay

MAY 28, 2024

“When consumers check out and choose Buy Now, Pay Later, they don’t know if they will get a refund if they return their product or whether the lender will help them if they didn’t get what was promised,” said CFPB Director Rohit Chopra in a statement.

BNPL 52

BNPL Credit Cards Consumer Financial Protection Bureau (CFPB) Regulations 52

PYMNTS

DECEMBER 21, 2016

Moving forward, Nav will be looking to help SMEs understand these data sets that lenders use to assess their creditworthiness, and King said the company has drawn “a hard line in the sand” when it comes to promoting privacy rights of small businesses — something the executive also said is often lacking in today’s regulations. “I

Assessments 50

Assessments Privacy Small Business Finance 50

PYMNTS

NOVEMBER 19, 2019

18) that the Justice Department may widen investigations into whether tech giants such as Facebook and Google have violated antitrust laws. Rosen said law enforcement could look into privacy, consumer protection and other areas throughout its investigations.

FTC 40

FTC Federal Trade Commission Law Enforcement Privacy 40

PYMNTS

FEBRUARY 1, 2019

In the meantime, the District of Columbia’s attorney general Karl Racine is working on his own, and sued Facebook in December for allegedly violating Washington’s consumer protection laws. North Carolina is also part of the probe. Earlier this week Racine said he believes more states will sue the social media giant.

Privacy 43

Privacy Data Breach Breach Consumer Protection 43

Clearly Payments

NOVEMBER 18, 2024

Chargebacks, while essential for consumer protection, can pose significant challenges to businesses. GDPR/CCPA : Protect customer data and comply with regional privacy laws. Mishandling chargebacks leads to financial losses, reputational harm, and can jeopardize your ability to process payments.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

PYMNTS

MARCH 7, 2019

Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol Hill. The hearing took place at a time of increasing scrutiny for online privacy and security. During a hearing for the U.S. Rather, it looks like Marriott inherited this breach from Starwood.”.

Data Breach 71

Data Breach Breach Privacy Federal Trade Commission 71

PYMNTS

AUGUST 4, 2016

A spokeswoman from the European Commission told Reuters that national authorities are responsible for enforcing the EU’s rules pertaining to data and consumer protection. The lack of transparency cannot be the rule,” Tarabella said.

Laws 41

Laws Law Enforcement Rules Authorization 41

PYMNTS

NOVEMBER 1, 2020

The regulations are wide in scope, including things like antitrust, privacy, data security and localization, consumer protection, advertising sales, billing and eCommerce, product liability, intellectual property and more, the report stated.

Legal 94

Legal Regulations Consumer Protection Privacy 94

PYMNTS

NOVEMBER 10, 2019

Current antitrust laws are “flexible enough” to handle issues caused by technology firms, said Makan Delrahim, assistant attorney general for the Antitrust Division of the U.S. Department of Justice, Reuters reported on Saturday (Nov. The membership roster for the CCIA includes Amazon, Facebook and Google, among others.

Federal Trade Commission 40

Federal Trade Commission Laws FTC Privacy 40

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. Surcharging restrictions for multi-location businesses can get confusing. ​​In Enter the PCI DSS compliance.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Neopay

NOVEMBER 27, 2023

These firms would have to adhere to applicable funds transfer, privacy, and other consumer protection laws. The rule would cover around 17 companies, most notably Google, Apple, PayPal and CashApp operator Block.

FinTech 52

FinTech CashApp Rules Non-Bank 52

Segpay

OCTOBER 4, 2023

Such practices can lead to legal and regulatory challenges, particularly if consumers are harmed or misled. Compliance with Consumer Protection Laws: Affiliate marketers must adhere to various consumer protection laws and regulations, such as the Federal Trade Commission (FTC) guidelines in the United States.

Security 52

Security Due Diligence Compliance Payments 52

PYMNTS

OCTOBER 16, 2019

Mastercard said for a digital currency to be successful, it has to give customers not only stability and consumer protections but regulatory compliance as well. Mastercard said that cryptocurrencies need to give consumers protections that include privacy and security of both information and transactions.

Visa 60

Visa Blockchain Digital Currency Cryptocurrency 60

Clearly Payments

OCTOBER 30, 2024

Key regulations include: GDPR (General Data Protection Regulation) : For merchants targeting Europe, GDPR compliance is mandatory, emphasizing data privacy and protection. Local tax laws : Some countries impose a VAT or other taxes on foreign merchants.

International Payments 79

International Payments Process Multi-Currency Cross-Border 79

PYMNTS

JANUARY 30, 2019

Andrew Cuomo, governor of New York, said the attorney general is investigating Apple after a privacy flaw revealed that FaceTime users could listen in on people they called before the recipient accepted or rejected the call, according to a report in Bloomberg. A software update will come later in the week, the company said. “We

Privacy 46

Privacy Breach Consumer Protection Laws 46

PYMNTS

NOVEMBER 18, 2019

At an American Bar Association antitrust forum, Rosen said, “We do not view antitrust law as a panacea for every problem in the digital world. We will not ignore any harms caused by online platforms that partially or completely fall outside the antitrust laws.”.

Laws 40

Laws Advisors Consumer Protection Privacy 40

PYMNTS

NOVEMBER 30, 2020

In a PYMNTS interview, Jim McCarthy, president of i2c, said global regulatory forces are largely over-reacting when it comes to competition law and Big Tech and the results could have consequences. The Pandemic Anti-Monopoly Act was introduced earlier this year by Sen.

Acquirers 56

Acquirers Federal Trade Commission CRM NOV 56

Stax

FEBRUARY 5, 2024

Healthcare providers, for instance, may factor in compliance costs spent on cybersecurity measures, staff training, regular audits, and legal consultations to ensure adherence to health information privacy regulations. State and federal laws. Surcharging laws vary by jurisdiction. Consumer protection laws.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

PYMNTS

JULY 5, 2018

The European Union’s (EU) new data privacy law isn’t being followed by some of the globe’s biggest technology companies, according to research from the EU Institute. She said the findings by the researchers were “very concerning” and that “many privacy policies may not meet the standard of the law.”

Privacy 44

Privacy Laws Rules AI 44

PYMNTS

AUGUST 21, 2019

Buttarelli’s role in his organization was instrumental, as he was tasked with monitoring how EU privacy rules were put in place. Buttarelli oversaw the organization’s implementation of one of the strongest pieces of data privacy initiatives in the world, the General Data Protection Regulation (GDPR), which started last year.

Privacy 43

Privacy Regulations Rules Consumer Protection 43

PYMNTS

MARCH 19, 2019

We attorneys general have authority under consumer protection acts to do both,” said Mississippi Attorney General Jim Hood, according to CNBC , on Monday (March 18). “So It’ll either be in Congress or in a court of law,” he said. “If

Settlement 62

Settlement Consumer Protection Regulations Privacy 62

PYMNTS

OCTOBER 3, 2019

Two years ago, Chairman Jerome Powell told conference attendees at Yale Law School that digital currencies issued by a central bank would become global targets for cyberattacks, cyber counterfeiting and cybertheft. I do think it is something around digital currency,” he said.

Digital Currency 55

Digital Currency Fed Federal Reserve Central Bank 55

PYMNTS

SEPTEMBER 9, 2019

Facebook and the FTC reached a $5 billion settlement in July over issues concerning privacy. If Google is found to have broken antitrust laws, its business model could be severely harmed. As attorneys general, we need to evaluate and address specific conduct, utilizing our existing antitrust and consumer protection laws.”.

Federal Trade Commission 41

Federal Trade Commission FTC Laws Participant 41

Segpay

DECEMBER 7, 2023

The DSA seeks to create a safer and more open digital space for users and businesses by imposing new obligations and responsibilities for service providers and enhancing rights and protections for users. Suppose you are running an e-commerce or advertising business that operates in the EU or targets EU customers.

Compliance 52

Compliance Privacy Regulatory Compliance Data Security 52

The Fintech Times

FEBRUARY 3, 2024

“Open banking is of huge value to consumers, businesses and has contributed to the UK economy – it’s important that we leverage what we have built to help deliver other smart data schemes in other sectors, such as energy and telecoms.”

Finance 59

Finance FinTech Regulations Financial Inclusion 59

PYMNTS

NOVEMBER 12, 2019

Two years ago, Chairman Jerome Powell told conference attendees at Yale Law School that digital currencies issued by a central bank would become global targets for cyberattacks, cyber counterfeiting and cybertheft.

Digital Currency 40

Digital Currency Central Bank Fed Federal Reserve 40

Stax

JANUARY 24, 2024

There are some serious ethical considerations involved with dynamic pricing, namely price discrimination and regulatory concerns related to consumer rights and data privacy. In sum, while flexible pricing can work in consumers’ favor, they’re far more likely to remember the occasions where dynamic pricing has conspired against them.

On-Demand 88

On-Demand Adjustments Consumer Laws 88

The Fintech Times

MARCH 6, 2024

Community and regional banks jumped into fintech partnerships without fully understanding these issues around compliance, hacks and consumer protection. “However, many banks did not hold fintechs to the same cybersecurity and privacy standards as they held themselves. ” Who should harbour risk responsibility?

OCC 69

OCC FinTech Non-Bank Regulations 69

FICO

MARCH 31, 2016

Successful customer communications through the use of modern technology has been elusive in the United States in the shadow of an outdated 1991 law – The Telephone Consumer Protection Act (TCPA). Global privacy and information security topics are dominating global headlines.

Regulatory Compliance 49

Regulatory Compliance Best Practices Compliance Financial Crimes 49

PYMNTS

JUNE 26, 2019

tech companies like Microsoft have been calling for a GDPR-like data privacy measure in the U.S. that would place the burden of data management on tech companies rather than consumers while allowing users to have more choice and better privacy regarding their data. In the U.S., There have been no federal mandates in the U.S.,

Privacy 43

Privacy Authorization CCPA Regulations 43

PYMNTS

JULY 13, 2018

She noted that FTC has brought more than 30 actions to enforce the FCRA against consumer reporting agencies, users of consumer reports, and furnishers of information to consumer reporting agencies.

FTC 41

FTC Law Enforcement Federal Trade Commission Procedures 41

PYMNTS

MARCH 25, 2019

A staggering 80 percent of Dutch consumers are unaware of the regulation and what it entails, which is proving to be a problem for third-party providers that need to gain enough consumer trust to be granted access to their payments data. PSD2 compliance, licensing and consumer protection.

Privacy 43

Privacy Instant Payments Regulations Payments Data 43