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 
New York Governor signs gun code law
Payments Dive
OCTOBER 10, 2024
Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.
Laws 
179
179 Laws 179
179 
OCC seeks to halt Illinois card interchange fee law
Payments Dive
OCTOBER 3, 2024
The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.
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.
Laws 130
130 
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.
Caps 146
146 
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.
Laws 109
109 
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.
Laws 98
98 
Durbin jumps into Illinois interchange law fray
Payments Dive
OCTOBER 8, 2024
Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.
Laws 97
97 Laws 97
97 
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.
Credit Cards 147
147 
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.
Laws 109
109 
Leading Fintech Armalytix Partners With Birchall Blackburn Law to Streamline Property Transactions
Fintech Finance
DECEMBER 11, 2024
Armalytix , an award-winning fintech company that helps firms establish their clients financial position for compliance, affordability and more, has partnered with Birchall Blackburn Law, a highly respected law firm in conveyancing. Tailored training and a collaborative approach were crucial to the partnerships success.
Laws 81
81 
Law Practice Management Software Providers, Here are 8 Tips to Grow Your Business
Stax
MAY 21, 2024
We’re seeing a similar trend in the legal industry, where law firms rely on case management systems to run their businesses. If you’re selling law practice management systems to law firms, you’re definitely not alone. Law firms need management systems to handle their complex billing issues, client communications, and portals.
Laws 88
88 
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.
Credit Cards 88
88 
Illinois should abandon interchange law
Payments Dive
OCTOBER 25, 2024
“Illinois has made a hasty decision that, if implemented, would have government change our payments system that functions so well that we barely notice it,” writes a trade group CEO.
Laws 88
88 
Do low-income consumers need more digital payments protection?
Payments Dive
OCTOBER 23, 2023
“Big gaps in the law” are leaving the financially vulnerable open to harms from digital payments, one law professor argues in a recent Georgetown Journal on Poverty Law & Policy paper.
Digital Payments 163
163 
States split over gun merchant category code
Payments Dive
OCTOBER 2, 2023
California passed a law last week forcing use of a gun merchant code, but other states have done the opposite. Now, maybe Congress will act.
Laws 190
190 Laws 190
190 
Payactiv jettisons some fees in wake of CFPB move
Payments Dive
JULY 5, 2022
The earned wage access provider said that it was eliminating some fees just as the federal agency decided to remove a prior order giving the company leeway under certain laws.
CFPB 187
187 
Data Disaster: Los Angeles Public Health Department Suffers Biggest Data Breach
VISTA InfoSec
JUNE 19, 2024
The incident has been reported to the US Department of Health and Human Services’ Office for Civil Rights and other relevant agencies as required by law and contractual obligations who are investigating the matter. 5 / 5 ( 1 vote )
Data Breach 263
263 
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.
Laws 88
88 
Visa raises concerns on new gun code
Payments Dive
SEPTEMBER 14, 2022
Visa cautioned the public about perceiving a new merchant code for gun-sellers as a means to interfere with any lawful sales. And the NRA said it’s seeking to water down implementation of the new code.
Laws 37
37 Laws 37
37 
States should fill in gaps in federal law to protect customer financial data - CFPB
Finextra
NOVEMBER 13, 2024
US states should assess gaps in their data privacy laws to ensure Americans are protected in an era when financial institutions are increasingly bidding to monetise their customers' data, according to the CFPB.
CFPB 69
69 
How to Appoint a Qualified Data Protection Officer(DPO)?
VISTA InfoSec
OCTOBER 21, 2024
They are appointed based on article 37 of GDPR, and help organizations stay compliant with data protection laws by overseeing data security policies, monitoring internal compliance, and providing expert advice for staffs managing the potential data privacy risks. Working closely with the supervisory authority on processing-related matters.
CCPA 178
178 
Data Protection Officers and Their Key Responsibilities
VISTA InfoSec
OCTOBER 21, 2024
To overcome these challenges, data protection laws are established. Data protection laws safeguard personal information and establish important guidelines on collection, storage, processing, sharing and disposal of personal data. and PDPA in Singapore that reflects the growing need for privacy specialists in organizations.
CCPA 130
130 
CFPB aims to level playing field between banks, fintech
Payments Dive
APRIL 25, 2022
Banks have long complained that fintechs are able to offer many of the same financial services without abiding by the same laws. In an effort to level the playing field, the Consumer Financial Protection Bureau said Monday it would invoke a largely unused legal provision.
CFPB 148
148 
How to Improve Compliance with Multilingual Cybersecurity Resource
VISTA InfoSec
JULY 17, 2024
Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must. You need to know these laws well because they affect how you manage cybersecurity when dealing with multiple languages. Think about the various regulations around the world.
Cybersecurity 231
231 
TD Bank fined $3bn after money laundering guilty plea
Finextra
OCTOBER 10, 2024
TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violating US anti-money laundering federal laws.
Money Laundering 116
116 
Thailand Seeks Public Input on Proposed Digital Asset Regulatory Reforms
Fintech News
MAY 27, 2024
This review is required by the Act on Legislative Drafting and Evaluation of Law B.E. 2562 (2019), which mandates regular evaluations of laws. The goal is also to increase investor confidence in digital assets. The feedback will help ensure the decree is necessary, consistent, and effectively enforced.
Laws 116
116 
EWA providers crusade against CFPB rule proposal
Payments Dive
AUGUST 21, 2024
Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.
CFPB 113
113 
4 Things Banks Need to Know about the EU AI Act Passed Today
Finovate
MARCH 13, 2024
That said here are four major implications the new law will have on banks: Prohibited AI applications The new law prohibits the use of AI for emotion recognition in the workplace and schools, social scoring, and predictive policing based solely on profiling. The transparency reporting will not be one-size-fits-all.
AI 111
111 
There’s a Push to Ban Junk Fees. Does It Affect Credit Card Surcharging?
Stax
DECEMBER 2, 2024
Several new laws seek to ban “drip pricing” or “junk fees,” and their uncertain meaning has resulted in confusion among merchants and acquirers. What are drip pricing laws? This language is from California’s “Honest Pricing Law,” also known as SB 478 , which went into effect on July 1, 2024.
Junk Fees 68
68 
Consumer group pushes for stricter EWA protections
Payments Dive
OCTOBER 16, 2023
In a recent web post, the National Consumer Law Center issued a number of policy recommendations for states seeking to regulate earned wage access companies.
Consumer 117
117 
Protecting Customer Data: Key Principles Every Company Should Know
VISTA InfoSec
MARCH 28, 2024
Hence, understanding GDPR compliance and other data protection laws is essential in keeping you abreast of regulatory trends. For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification.
Data Breach 277
277 
CFPB warns remittance firms about false ads
Payments Dive
MARCH 29, 2024
The agency told international money transfer companies that “deceptive marketing” may run afoul of federal law.
CFPB 103
103 
Tackling scams requires a team effort – but the EU is on track to create a blame game
Finextra
NOVEMBER 27, 2024
As EU law-makers update Europe’s payments laws, they want to tackle the bloc’s growing number of imp.
Laws 78
78 
Indonesia’s Bank Commonwealth to Face Mass Layoffs Following OCBC Takeover
Fintech News
JULY 28, 2024
The union also criticised the severance pay formula for not including a fixed benefit component, which is typically required under local labor laws. Under Indonesian law, employees of an acquired company do not automatically transfer to the acquiring company without mutual agreement, and a lack of agreement can lead to termination.
Legal 118
118 
Cross-Border Payments Could Further Enable APP Fraud, Says Payments Association Study
Fintech Finance
NOVEMBER 13, 2024
Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement and the general public – and new developments in cross-border payments may be making it easier.
Mexico in Focus: Open Banking and Financial Inclusion
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.
Credit card surcharge bills lurk in state legislatures
Payments Dive
JANUARY 19, 2024
The state legislation relating to credit card surcharges is poised to keep percolating in a pack of states this year, following new laws in some last year.
Credit Cards 97
97 
EWA providers seek to steer state legislation
Payments Dive
APRIL 11, 2024
Payactiv, DailyPay and other earned wage access providers teamed up in calling on the governor of Kansas to pass legislation similar to laws recently enacted in three other states.
Laws 97
97 Laws 97
97 
State interchange fee legislation makes meager progress
Payments Dive
NOVEMBER 18, 2024
In the wake of Illinois being sued over its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with the idea.
Laws 97
97 Laws 97
97 
DOJ’s Visa lawsuit could affect Capital One-Discover review
Payments Dive
NOVEMBER 5, 2024
If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually inconsistent,” a George Mason University law professor said.
Blocks 97
97 
CFPB to treat BNPL loans like credit cards
Payments Dive
MAY 21, 2024
“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.
CFPB 97
97 
GDPR and Biometric Data: Ethical Considerations and Privacy Implications
VISTA InfoSec
AUGUST 22, 2023
Key Principles of GDPR That Are Essential for Data Protection: Transparent, fair, and lawful processing: Organizations must process biometric data in a transparent and lawful manner, informing individuals of the purpose and relevant details. was fined EUR 20 million by the Italian SA for violating several GDPR regulations.
Privacy 130
130 
Discover, FDIC reach consent agreement
Payments Dive
OCTOBER 2, 2023
The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.
Agreements 103
103 
Let's personalize your content