New York enacts surcharge law
Payments Dive
JANUARY 3, 2024
The state’s new law will force merchants to limit credit card surcharges and more clearly disclose them to consumers. If the businesses don’t, they could face a $500 penalty.
Laws Related Topics 
South Carolina embraces new EWA law
Payments Dive
MAY 23, 2024
This week, South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws.
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Earned wage access: Following states that have passed laws, or have legislation pending
Payments Dive
AUGUST 30, 2024
States began passing laws friendly to the industry in 2023 and have continued to pursue them this year, even after the federal government weighed in with a stricter standard.
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KPMG Law Partners with Shieldpay as Payments Provider
Fintech Finance
JUNE 21, 2024
Shieldpay , the payments partner for the legal sector, is working with KPMG Law UK (part of KPMG LLP) to provide payments services for its high value, complex client transactions. Shieldpay has been supporting KPMG Law’s corporate clients as an escrow and paying agent provider for corporate and M&A deals since 2020.
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New Jersey enacts law capping surcharges
Payments Dive
AUGUST 23, 2023
New Jersey’s governor signed a new law capping credit card surcharges, limiting the amount merchants can charge for processing a transaction.
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Law firms jockey for payments action
Payments Dive
JANUARY 22, 2024
A proliferation of payments and fintech players has sparked a contest for talent among law firms seeking to meet clients’ needs.
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Credit Card Surcharge Guidance: A State-by-State Overview of Surcharging Laws
Stax
JULY 30, 2024
Learn More US-Wide Credit Card Surcharge Guidance Before diving deeper into the surcharge laws of each state, let’s look at some general rules that apply to businesses across the nation on account of their credit card surcharge programs. The law became effective on July 1, 2024. Non-compliance can result in a $1000 fine.
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EWA providers hail new Kansas law
Payments Dive
APRIL 25, 2024
Kansas has joined a pack of states in passing a law backed by earned wage access providers, as regulations for the industry remain a contentious issue.
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Wisconsin passes EWA law as states’ paths diverge
Payments Dive
MARCH 22, 2024
This week, Wisconsin became the third state to pass a law requiring that earned wage access providers be licensed, and leaving the payments unregulated under lending laws.
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Credit Card Competition proposal should become law
Payments Dive
AUGUST 2, 2024
“In the aftermath of the CrowdStrike outage, Congress and state lawmakers should look for opportunities to build backups and redundancies into critical online systems,” writes a payments consultant.
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Bitcoin Depot CEO weighs in on new California law
Payments Dive
NOVEMBER 10, 2023
Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.
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Nevada governor signs first state EWA law
Payments Dive
JUNE 16, 2023
Backers of the law establishing a licensing process for earned wage access providers operating in the state say it’s the first of its kind in the U.S.
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Changes to UK company law
Neopay
APRIL 22, 2024
The UK’s company law landscape underwent significant changes with the enactment of the Economic Crime and Corporate Transparency Act, effective from 4th March 2024. The post Changes to UK company law appeared first on Neopay. Here is a summary of what you need to know about the new measures.
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DIFC Keeps Up With Digital Asset Development, Enacting New Law and Amending Other Legislation
The Fintech Times
MARCH 14, 2024
Consequently, Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA) region, has enacted a Digital Assets Law as well as amended existing legislation. Law of Security – DIFC Law No. 3 of 2024, to cater to specific issues arising in relation to this asset class.
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China's supreme court alters AML law to encompass virtual assets
The Paypers
AUGUST 20, 2024
The Supreme People’s Court of the People’s Republic of China (SPC) has reworked its interpretation of the region’s AML laws to include virtual asset transactions.
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Digital Assets and Electronic Trade Documents Focus of Law Commission Draft Legislation
The Fintech Times
FEBRUARY 26, 2024
The Law Commission , the statutory independent body constantly reviewing the law of England and Wales and offering recommendations for change, has launched a call for evidence to inform its project on private international law in the context of digital assets and electronic trade documents.
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FCA warns FS firms and finfluencers to keep social media ads lawful
Finextra
MARCH 26, 2024
As it warns firms and so-called 'finfluencers' to keep their social media ads lawful, the UK's Financial Conduct Authority has published guidance for memes, reels and gaming streams promoting financial services.
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Chargeback Rules: What Laws & Regulations Govern the Dispute Process?
Fi911
JANUARY 4, 2024
What Laws Govern Chargebacks in the US? Key International Laws Impacting Chargeback Processes The US led the world in payment card adoption, and as such, also adopted a leading role in developing chargeback rules and best practices. The post Chargeback Rules: What Laws & Regulations Govern the Dispute Process?
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New Facial Recognition Policy Signed Into Law In Washington State
PYMNTS
APRIL 1, 2020
“This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.
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California Adopts Digital Financial Assets Law
Global Fintech & Digital Assets
OCTOBER 31, 2023
Licensees, exchanges, and other market participants should prepare to comply with the listing, disclosure, capital, and other requirements that the new law imposes. Market participants should therefore evaluate their path to compliance with the law as enacted, but should also expect further refinements from the DFPI in the coming 18 months.
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CMF publishes regulations on the SFA within the Fintec Law
The Paypers
JULY 9, 2024
The Financial Market Commission has announced the publication of a rule that is aimed at regulating the Open Finance System within the framework of the Fintec Law.
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PayPal registers with FIU under AML law
The Paypers
FEBRUARY 20, 2024
US-based online payments gateway service provider PayPal has registered with the Financial Intelligence Unit – India under Anti-Money Laundering law.
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JP Morgan to pay $18 million for violating whistleblower protection law
Finextra
JANUARY 19, 2024
The Securities and Exchange Commission (SEC) has charged JP Morgan $18 million for obstructing clients and brokerage customers from reporting breaches of law to regulatory authorities. The payments giant has agreed to pay the penalty charge.
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UK Law Commission calls for new legal category for digital assets
The Paypers
AUGUST 2, 2024
The UK Law Commission has released a report in which it proposes legal reforms to better protect the unique features of digital assets.
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Norway targets cryptocurrency mining with data centre law
The Paypers
APRIL 18, 2024
Authorities in Norway have revealed their intention to introduce a new data centre law aimed at regulating operations within these facilities.
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CFPB to apply lending laws to EWA
Payments Dive
JULY 18, 2024
The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.
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Facebook's Libra will force a reckoning on crypto, privacy law
Payments Source
JUNE 26, 2019
Both challenge citizens' relationship to privacy, and both use technology in ways that current laws were unprepared for. In the eyes of regulators, Facebook and bitcoin have a lot in common.
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Hong Kong fines DBS Bank USD1.3 mln for AML law breaches
The Paypers
JULY 8, 2024
million for non-compliance with anti-money laundering law. The Hong Kong Monetary Authority (HKMA) has fined the local arm of DBS Bank USD 1.3
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Get better APIs with Conway’s Law
Axway
NOVEMBER 4, 2021
Mel Conway formulated his famous law in 1967 and it was a reflection on how large organizations work and produce results. The “official version” (as published by Mel Conway himself) is as follows: “Any organization that designs a system (defined …
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Trust Fund Payment Processing for Law Firms
Payment Savvy
MAY 5, 2021
Most people think that payment processing for law firms is a simple and straightforward process. Due to the above reasons, law firms need to adopt an advanced payment processing system. If your law firm has been struggling with managing trust funds, this article is meant for you! Trust Fund Payment Processing.
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Prop 22: California Voters Side With Uber And Lyft, Nix AB 5 Gig Worker Law
PYMNTS
NOVEMBER 4, 2020
California voters passed Proposition 22, which exempts tech platforms like Uber, Lyft, and DoorDash from state law AB 5, which forced them to reclassify gig workers as employees, according to a Wall Street Journal report on Wednesday (Nov. Instead of abiding by the law, companies banded together to support Proposition 22. .
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UK grants law enforcement expanded powers over crypto assets
The Paypers
MARCH 4, 2024
The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.
Cannabis Law Reform Gains Momentum In Congress
PYMNTS
JULY 11, 2019
In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis, CNBC reports. The spread of legal cannabis has major payments problems because federal law considers the drug illegal.
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Uber Announces Seattle Price Hike To Meet Minimum Wage Law
PYMNTS
DECEMBER 30, 2020
Uber trips will jump 24 percent in cost starting in the new year in Seattle, with the rideshare company raising prices to accommodate a new law requiring drivers be paid the city's minimum wage, GeekWire reported. minimum wage in 2021.
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Russian Regulator Alleges Booking.com Broke Anti-Monopoly Law
PYMNTS
DECEMBER 21, 2020
Russia's federal anti-monopoly service (FAS) has accused Booking.com of reportedly violating antitrust laws in the country and abusing a dominant market position, according to Reuters Monday (Dec.
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Get better APIs with Conway’s Law
Axway
NOVEMBER 4, 2021
Mel Conway formulated his famous law in 1967 and it was a reflection on how large organizations work and produce results. The “official version” (as published by Mel Conway himself) is as follows: “Any organization that designs a system (defined …
Laws 52
52 
Get better APIs with Conway’s Law
Axway
NOVEMBER 4, 2021
Mel Conway formulated his famous law in 1967 and it was a reflection on how large organizations work and produce results. The “official version” (as published by Mel Conway himself) is as follows: “Any organization that designs a system (defined …
Laws 52
52 
Pro-cash laws gathering momentum in N.J., Philadelphia
Payments Source
FEBRUARY 5, 2019
The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops.
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SMBs Use New Bankruptcy Law To Save Businesses
PYMNTS
JULY 13, 2020
A new law could make it easier for businesses to file for Chapter 11 bankruptcy and remain open, with more leverage for small businesses and easier ways to force negotiations with suppliers and landlords, The Wall Street Journal (WSJ) reported.
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Law Firm Collections – Get More in the Door
Payment Savvy
JULY 28, 2021
Unfortunately, many law firms struggle with getting clients to pay and maintaining steady cash flow. Enter law firm collections. There are simple ways law firms can improve their collection practices and get clients to pay them on time. Record-keeping is only the start of improving law firm cash flow. Transparent Billing.
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DOJ’s Delrahim: Antitrust Laws Apply To Big Tech
PYMNTS
OCTOBER 19, 2020
19) that antitrust laws “clearly apply” to Big Tech and should continue to apply to their market power. The news comes as Reuters reported earlier in the month that Delrahim , who is the Justice Department’s leading enforcer of antitrust laws, is likely to leave his post early next calendar year regardless of the Nov.
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California’s New Ridesharing Law Could Hurt Drivers
PYMNTS
SEPTEMBER 22, 2019
Gavin Newsom signed into law a controversial bill that could reclassify ridesharing and other gig economy workers as employees instead of independent contractors, The Wall Street Journal reported on Saturday (Sept. New York has already tackled the gig economy issue by passing a minimum wage law. It was the first law in the U.S.
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Uber Weighs Backup Plan If Controversial California Labor Law Stands
PYMNTS
OCTOBER 21, 2020
Uber is weighing contingency plans that could dramatically shrink its California operations should a ballot campaign aimed at revoking a controversial state labor law fall short on Election Day. Uber and Lyft face nearly $400 million in increased labor costs should the law go into effect as planned on Jan. 1, Reuters has estimated.
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