PYMNTS

JANUARY 14, 2021

As the pandemic continues to bash the economy, all too many New York City apartment dwellers simply can’t pay the rent. A new survey conducted by the Community Housing Improvement Program (CHIP), a landlord trade group, focused on apartments under the city’s rent control laws, which includes about half of NYC’s rental units.

Economy 78

Economy CHIPS Laws Governance 78

PYMNTS

SEPTEMBER 11, 2019

10) — and in so doing has very possibly changed the course of the gig economy forever. There are some amendments and exemptions to the law that are still being finalized. It seems AB 5 is done but for the final counting — and will soon be California’s local law of the land.

Economy 65

Economy Laws Legal Framework Legal 65

Open Banking Excellence

SEPTEMBER 27, 2024

Half a decade ago, Mexico demonstrated its ongoing commitment to updating its financial regulation with the introduction of the Fintech Law. Nevertheless, it is essential to review and complement the existing legislation with complementary laws to fully unleash the potential of this ecosystem.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

PYMNTS

NOVEMBER 11, 2020

The big gains were a great sign that the Chinese economy — and more specifically, consumer spending — is on a post-COVID rebound. The stock fell after the Chinese government announced new antimonopoly rules that will increase the pressure on eCommerce marketplaces and payments services.

Regs 95

Regs NOV Law Enforcement Economy 95

PYMNTS

JANUARY 14, 2020

About 12 associations, including foreigners, are working on the new laws with Chinese officials, and some are eager to introduce online banks, a source said. Hong Kong and Singapore are among the additional Asian economies introducing online-only banks.

Laws 58

Laws Rules Central Bank Privacy 58

Fintech News

JUNE 5, 2024

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). The new laws aim to balance consumer protection with innovation and competition.

Regulations 87

Regulations BNPL Product Consumer Protection 87

PYMNTS

OCTOBER 16, 2020

In May 2019, the government took over Baoshang Bank in the first seizure of its kind in almost 20 years. The People’s Bank of China (PBOC) set the terms for commercial banks to seek bankruptcy, while outlining actions for lenders to follow as they aim to leave the market or reorganize through its first changes to the law as of 2015.

Regulations 112

Regulations Central Bank Risk Governance 112

PYMNTS

MAY 8, 2020

Government program subsidies and loans have been snapped up by larger companies and mid-sized chains, and banks have capped their exposure to loan programs. The prevailing sentiment, as the crisis heads into its third month, is that more innovative government programs will be necessary to provide any meaningful relief.

Governance 56

Governance Government Small Business Federal Reserve 56

PYMNTS

JUNE 25, 2020

The unit will help law enforcement as well, bringing criminal charges when needed, the press release says. We are working hard to disrupt and dismantle these criminal networks, and we applaud the law enforcement authorities who are already part of this fight.

Crime 97

Crime Law Enforcement Laws Authorization 97

PYMNTS

JUNE 10, 2020

government has developed programs to help, such as the Pandemic Unemployment Assistance (PUA) program, but freelancers are still waiting weeks in some cases to receive their relief checks. Around The Gig Economy Payments World.

Economy 56

Economy Verification Online and Mobile Banking Payments 56

PYMNTS

APRIL 15, 2019

Governments making up the European Union have backed an initiative by the European Commission aimed at protecting Europe’s creative industries, ensuring fair compensation when the likes of Google and Facebook use their content. Google argued the new rules would harm the creative and digital economies in Europe.

Governance 43

Governance Government Laws Rules 43

PYMNTS

FEBRUARY 14, 2020

There’s a saying in jurisprudence: Hard cases make bad law. Early this week, a judge denied a request from Uber and Postmates to halt the enforcement of a new California labor law — known as AB5 , which was voted into law last year — that would place new restrictions on gig economy workers. New Economy and Old Laws.

Rules 64

Rules Laws Economy Governance 64

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. The new unit, according to the government's announcement, will fall within the U.K.'s According to the U.K.

Rules 75

Rules Laws Authorization Regulations 75

FICO

SEPTEMBER 27, 2017

Most tax and revenue agencies have strong collection operations, anchored by a large, dedicated staff of collectors supported by laws that allow for streamlined enforcement actions. Centralizing collections in government is therefore a significant opportunity when we focus on the area of non-tax receivables. So Why Centralize?

Governance 49

Governance Government Non-Bank Authorization 49

PYMNTS

MARCH 21, 2018

The blockchain hype is real — just ask Long Blockchain — but governments are taking a modest, more realistic approach to the technology. In this week’s Blockchain Tracker , PYMNTS examines the latest government initiatives in the U.S. But governments are also cracking down on companies that get carried away with the blockchain hype.

Governance 49

Governance Government Blockchain Federal Trade Commission 49

PYMNTS

OCTOBER 5, 2020

California Assembly Bill 5 ( AB5 ) — and its now famed (and feared) three-part test as to whether a worker could be classified as an independent contractor or must by law be classified as an employee — has been a magnet for controversy almost since day one. It’s clear that AB5 is essentially an assault on app-based, on-demand tech companies.

Laws 76

Laws Economy On-Demand Legal 76

Fintech Finance

SEPTEMBER 20, 2024

The government has unveiled new measures to support small businesses and the self-employed by tackling the scourge of late payments, which is costing small businesses £22,000 a year on average and leads to 50,000 business closures a year. This will mean company boards and international investors will be able to see how firms are operating.

Small Business 79

Small Business Governance Government Payments 79

BioCatch

OCTOBER 17, 2024

It has also become detrimental to the prospects of many economies in several ways such as undermining trust in financial systems, increasing costs for businesses and consumers, and draining government and law enforcement resources.

Law Enforcement 59

Law Enforcement Laws Economy Governance 59

PYMNTS

FEBRUARY 10, 2020

Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government. The law allows for fines of more than $5,000 per violation.

Laws 70

Laws Governance Government Small Business 70

PYMNTS

SEPTEMBER 27, 2019

Global consensus over how such tax policies should be enacted has yet to materialize, however, and disagreements among laws create confusion and greater compliance work for businesses. The September Next-Gen Sales Tax Tracker details the latest developments on digital sales tax policies, new eCommerce tax law announcements and more.

Laws 43

Laws Compliance Government Governance 43

PYMNTS

JUNE 27, 2019

The sharing economy could play a role in that and other recovery work — something the government has noticed. territory, in fact, is the latest example of regulators and politicians to get their hands around the sharing economy, which continues to grow even as such services are beginning to lose their novelty. Sharing Backlash.

Economy 43

Economy Regulations Laws Process 43

PYMNTS

OCTOBER 22, 2020

In August, the bank warned that the loan losses for the year could far outpace those of previous years, ballooning to as much as $11 billion, with the situation worsening due to the pandemic-riddled economy.

Laws 91

Laws Economy Governance Government 91

PYMNTS

FEBRUARY 24, 2020

billion-strong, high-spending consumers and their willingness to adapt to new technologies, trends and products may represent the economy of the future for many banks and businesses, but it is notoriously difficult for firms to enter and compete in this market. Confronting the Chinese Privacy Myth . in 2019.

Privacy 64

Privacy Laws Regulations Cybersecurity 64

PYMNTS

DECEMBER 15, 2020

Six weeks after securing passage of the Proposition 22 ballot measure that overturned a California law requiring part-time workers to be reclassified as employees, two of its biggest backers have rolled out new fees to offset expenses related to additional worker benefits. We don’t make money on that at all.”. A Wild Year.

Laws 90

Laws Caps Online and Mobile Banking Economy 90

PYMNTS

JANUARY 7, 2021

Despite a raging pandemic, widespread unemployment and a fragile economy, U.S. In the current system, “consumers are not the customers of the Big Three credit bureaus,” Chi Chi Wu, staff attorney at the National Consumer Law Center, said of the public agency idea. But hey … those average FICO scores have never looked better.

Credit Cards 94

Credit Cards Consumer Financial Protection Bureau (CFPB) Federal Reserve CFPB 94

PYMNTS

MARCH 20, 2020

The regulator will have the authority to request information from tech firms and also enforce other Indian laws aimed at consumer protection and fair competition, the sources said. The move aligns with laws passed in 2019 that tech firms like Amazon and Walmart’s Flipkart are having trouble complying with.

Rules 73

Rules Law Enforcement Laws Regulations 73

PYMNTS

AUGUST 13, 2020

All three branches of California’s government have already made clear that these workers are employees under California law and entitled to these important safeguards.”. In November, voters will be asked to approve Proposition 22, a ballot question that would repeal the gig law.

Laws 80

Laws Economy Rules Governance 80

PYMNTS

MARCH 29, 2018

In an effort to comply with local laws and regulations in China, Airbnb has announced that it will start sharing information with the Chinese government in a few days. Like all businesses operating in China, Airbnb China must comply with local laws and regulations,” a company spokesperson told BuzzFeed.

Governance 40

Governance Government Laws Regulations 40

PYMNTS

AUGUST 28, 2019

A whole new economy saturated with goods and services sold for cryptocurrency will be born,” the company said in 2017. Anyone trying to build this type of token system has to be careful on any number of levels with regulators,” said Richard Levin, an analyst who works in cryptocurrencies law. “I

Cryptocurrency 75

Cryptocurrency Money Laundering Encryption Governance 75

PYMNTS

JANUARY 19, 2021

“That’s the entity that will bear the responsibility of anything that is tied to the relationship with the consumer — sales collection, filing and remedying taxes, the compliance with the local regulations, specifically commerce laws, and product return policies,” he said.

Cross-Border 128

Cross-Border PCI DSS Fraud Prevention Regulations 128

VISTA InfoSec

FEBRUARY 13, 2024

As the digital economy expands, the potential for cyber threats grows concurrently. In Singapore’s vibrant digital ecosystem, collaboration among businesses, government agencies, and cybersecurity organizations plays a pivotal role in enhancing the nation’s cyber defence.

Cybersecurity 130

Cybersecurity Audit Best Practices Mitigation 130

PYMNTS

APRIL 24, 2019

The sharing economy is butting against regulatory challenges. As the number of sharing economy participants grows worldwide, governments and regulatory bodies are starting to ask more questions. Around the Payments and the Platform Economy. Payments and The Platform Economy.

Economy 71

Economy Regulations Data Security Regulatory Compliance 71

PYMNTS

MAY 1, 2020

By law, mortgage-servicing companies must pay the money during the next four months to those who hold most mortgage-backed bonds whether customers cover their monthly mortgage bills or not. percent of all government-backed Federal Housing Administration and Veterans Administration mortgages are now in forbearance, as are 6.1

Governance 73

Governance Government Economy Laws 73

PYMNTS

FEBRUARY 7, 2020

Peirce said that current laws would not help a token to reach its potential. Just as the Internet brought us universal connectivity, blockchain will bring us new universal governance. Trust is what moves economic transactions and it’s what moves the relationship between the citizens and their government.”.

Blockchain 63

Blockchain Bitcoin Laws Governance 63

PYMNTS

DECEMBER 3, 2020

And as the EU government plans on releasing a draft of the DSA, its advocates are starting to lay out the potential benefits. The section of the “New Competition Tool” within the DSA is being developed to address those potential antitrust issues and to give the EU ways to address the speed of the digital economy.

Regulations 81

Regulations Rules Laws Cross-Border 81

PYMNTS

JANUARY 3, 2020

A client of the company is helping facilitate government subsidies that will allow residents to pay their utility bills. This is a state government program, and funds come from the state to CieloPay’s client. Law Firm Payouts. According to Diegelman, that would be payouts from law firms in big litigation cases.

Global Payments 83

Global Payments Payments Laws Audit 83

PYMNTS

JULY 9, 2019

India, Asia’s third-largest economy, remains skeptical about Facebook’s proposed cryptocurrency Libra and has said that it won’t just allow the coin into the country, according to a report by Bloomberg. The central bank of India and the government have both practically outlawed cryptocurrencies by disallowing banks to use them.

Cryptocurrency 54

Cryptocurrency Laws Central Bank Money Laundering 54