PYMNTS

DECEMBER 30, 2020

22, according to legal documents filed in the U.S. Legal counsel for those named in the suit — Ripple Labs, CEO Bradley Garlinghouse and Executive Chairman and Co-founder Christian Larsen — were called to appear in an online pretrial conference with Judge Analisa Torres. . There are clear rules of the road for using XRP in the U.K.,

Legal 130

Legal Settlement Cryptocurrency Bitcoin 130

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

CCPA Privacy Laws Data Breach 130

PYMNTS

JULY 5, 2020

In updated rules from the Financial Crimes Enforcement Network ( FinCEN ), the U.S. It’s intended to “enhance the availability of financial services and the financial transparency of hemp-related businesses in compliance with federal law,” the notice said.

Treasury 140

Treasury Office of the Comptroller of the Currency Fincen Financial Crimes 140

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.

Rules 88

Rules Credit Cards Caps Processors 88

Fintech Finance

JULY 19, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. When the paycheck advance product is no-fee and truly free to the employee, many requirements would not apply.

CFPB 105

CFPB Rules Product Consumer Financial Protection Bureau (CFPB) 105

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms). See our previous Sidley Update on that review.

Rules 88

Rules Payments Institute Authorization Reconciliation 88

The Payments Association

JANUARY 13, 2025

While the interim rules codify existing expectations with some enhancements, the proposed end-state rules introduce substantial shifts that could reshape the operational landscape for firms operating in this sector. Safeguarding audits: Firms are required to arrange safeguarding audits to assess compliance with the rules.

Compliance 88

Compliance Audit Legal Reconciliation 88

Nanonets

MAY 10, 2023

From court documents being moved to digital formats to the advent of AI in legal research, a lot has changed. What does it mean for legal professionals? And how can you use AI to make legal work more efficient? Court dates, client meetings, legal research, paperwork – the list goes on for legal professionals.

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Legal Laws Procedures AI 52

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.

Laws 52

Laws Crime Due Diligence Law Enforcement 52

VISTA InfoSec

OCTOBER 21, 2024

Overcoming language barriers and security vulnerabilities Talking to people in a language they understand makes it easier for them to follow security rules. Navigate legal and regulatory frameworks Dealing with laws and rules about cybersecurity in different countries is a must.

Cybersecurity 135

Cybersecurity Compliance Encryption Best Practices 135

VISTA InfoSec

SEPTEMBER 15, 2023

This Act, which supersedes Section 43A of the IT Act, 2000 and the SPDI Rules, 2011, brings about considerable changes to the norms of data protection. The DPDP Act is lean and principle-based, with details around implementation to be set out in future rules. For minors , consent must be procured from the parent or legal guardian.

Data Breach 130

Data Breach Breach Governance Government 130

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.

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Rules Laws Economy Governance 64

PYMNTS

JUNE 17, 2020

In the United Kingdom, and for the payment network giants in the decades-long legal battle over interchange fees — next stop, trial court? Sainsbury’s will now be seeking to recover the full amount of the unlawful charges it has incurred,” Murphy said, in the wake of the ruling. ruling on Wednesday was not a final one.

Legal 60

Legal Visa Issuers Acquirers 60

PYMNTS

FEBRUARY 11, 2020

The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has issued a new ruling on the reporting of currency transactions for sole proprietorships and legal entities operating under a “Doing Business As” (DBA) name, according to a Monday (Feb. Those rules were based on FinCEN Form 104, which is now obsolete.

Fincen 52

Fincen Rules Transactions Law Enforcement 52

EBizCharge

JUNE 28, 2024

The question “Is it legal to charge a credit card fee?” This article will explore the legality of charging such fees as well as the pros and cons associated with them. Surcharging is legal in many states and is regulated at the state and federal levels. is a legitimate inquiry for merchants seeking ways to offset these expenses.

Credit Cards 52

Credit Cards Legal Debit Card Disputes 52

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

Junk Fees Credit Cards Push-to-Card Laws 68

PYMNTS

JANUARY 14, 2020

Why are checks holding on so powerfully in the world of legal payouts? The answer is complicated, Edwards noted, because legal payouts are more complex and varied than most people realize. When most people think of legal disbursements, Edwards noted, they tend to think about what he calls “large life event” payments.

Legal 52

Legal Instant Payments Checks Settlement 52

VISTA InfoSec

SEPTEMBER 28, 2023

Now, this individual could be anyone, but there are a couple of special cases to consider: If the individual is a child, then the ‘Data Principal’ also includes the child’s parents or their lawful guardian. If the individual has a disability, then the ‘Data Principal’ includes their lawful guardian who is acting on their behalf.

Laws 130

Laws Privacy Authentication Authorization 130

Payments Source

APRIL 11, 2018

A Cambridge professor has found how an 1816 legal ruling can be used to trace stolen bitcoins, thus potentially making it easier for governments to legislate bitcoin exchanges.

Bitcoin 64

Bitcoin Laws Legal Rules 64

Fintech Finance

JULY 16, 2024

These reports take forward priority actions under the G20 Roadmap to address legal, supervisory and regulatory frictions in cross-border payments to help achieve the quantitative targets in 2027. In response to these changes, legal, regulatory and supervisory frameworks that govern PSPs have had to rapidly adapt and evolve.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Consulting Regulations 98

PYMNTS

DECEMBER 3, 2019

The statement provides FIs with federal data that defines the legal status of hemp, as well as the U.S. Department of Agriculture’s (USDA) interim final rule on hemp production. After further evaluation of the USDA interim final rule, the Financial Crimes Enforcement Network (FinCEN) will issue additional guidance.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

PYMNTS

DECEMBER 11, 2020

Following a landmark ruling by the Supreme Court, former financial ombudsman Walter Merricks can now bring a suit against Mastercard on behalf of millions of U.K. Merricks alleges Mastercard is in violation of the European Union’s competition law because of the “interchange” fees charged to retailers for card use.

Visa 86

Visa Laws Rules Debit Card 86

PYMNTS

DECEMBER 23, 2019

One such area in which instant payments remain out of reach is the legal system, as claimants still largely receive their settlements or disbursements via check. These paper-based payment methods can inconvenience customers and cause frictions, but law firms and their supporting partners are often hamstrung when it comes to replacing them.

Legal 52

Legal Instant Payments Checks Settlement 52

PYMNTS

OCTOBER 29, 2020

The European Union’s (EU) second-highest court ruled that Facebook can’t be forced to turn over sensitive information without a review. The ruling follows Facebook’s complaint in July that EU regulators were making excessive demands for sensitive data, beyond what was necessary. “The billion.

Rules 56

Rules Federal Trade Commission FTC Legal 56

Stax

FEBRUARY 28, 2024

If you’re not sure where to start, keep reading to find out the benefits of implementing surcharging, how to ensure legal compliance, and how you can use technology for smooth sailing in the surcharging landscape. Surcharge rules do differ from state to state. Also, be sure to check your local rules and follow them.

Credit Cards 88

Credit Cards Debit Card Legal Laws 88

PYMNTS

FEBRUARY 11, 2020

A judge has rejected the request from Uber and Postmates to put a stop to a new California law that would place new restrictions on gig economy workers, according to Reuters. The rule, passed last year, places more specific restrictions on who can be classified as a contractor. She simply refused to outright dismiss the law as a whole.

Laws 52

Laws Economy Procedures Legal 52

PYMNTS

MARCH 8, 2020

A French court has decided that bitcoin is money, the first time a court in France has issued such a ruling, according to a report from Les Echos Sunday (March 8). The result of the ruling could lead to more activity in the French bitcoin market. This ruling could encourage more activity in the French Bitcoin market.

Bitcoin 112

Bitcoin Law Enforcement Cryptocurrency Rules 112

PYMNTS

OCTOBER 11, 2020

Epic sued Apple in August, accusing the technology giant of violating laws that restrict anti-competitive behavior. Friday's ruling by U.S. WSJ quoted David Hoppe, a technology and media lawyer at Gamma Law in San Francisco who is not involved in the case, as having said the ruling hurts Epic. “The

Rules 104

Rules Laws Processors Breach 104

PYMNTS

NOVEMBER 11, 2020

The stock fell after the Chinese government announced new antimonopoly rules that will increase the pressure on eCommerce marketplaces and payments services. According to news site TechNode, the new rules will apply physical-economy statutes to the digital-first economy. percent drop in its stock on the Hong Kong Stock Exchange.

Regs 95

Regs NOV Law Enforcement Economy 95

The Payments Association

OCTOBER 22, 2024

Nonetheless, the interaction of segregation requirements and insolvency law is often a key focus on insolvencies and has been subject to significant consideration by the courts, including by the Supreme Court concerning the insolvency of Lehman Brothers International (Europe). Who is impacted?

Consulting 88

Consulting Rules Treasury Due Diligence 88

Open Banking Excellence

NOVEMBER 14, 2023

Together, these new rules will enable Europe to push forward into Open Finance – the next stage of Open Banking. Their impact will be augmented and enhanced by a third set of rules, the Financial Data Access (FIDA) framework. Clearly, the PSD3 and its companion rules will not come into force in post-Brexit Britain.

Non-Bank 130

Non-Bank Rules Authentication Regulations 130

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. Issuing a digital asset does not in itself require licensure, unless such asset is redeemable for legal tender, bank credit, or another digital asset.

Laws 52

Laws Stablecoins Issuers Legal 52

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. 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.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

OCTOBER 13, 2020

In January, California implemented its AB 5 law, which required that ride-hailing, food delivery and other such companies treat their workers as employees rather than independent contractors. The companies instead decided to appeal the suit.

Laws 100

Laws Rules Economy Legal 100

PYMNTS

AUGUST 11, 2020

The California judge who ruled that Uber and Lyft have to classify their workers as employees reportedly “saw straight through” the “bogus argument” that the companies’ workers like being classified as independent contractors instead. Both companies have said they plan to appeal the judge’s ruling.

Rules 110

Rules Economy Compromise Laws 110

PYMNTS

AUGUST 11, 2020

There has to be a ‘third way’ for gig workers, but we need to get specific, because we need more than new ideas — we need new laws,” Khosrowshahi wrote. The piece appeared as a California judge ruled that Uber and ride-hailing peer Lyft can’t classify drivers as “independent contractors” in the Golden State.

Economy 82

Economy Rules Laws On-Demand 82

Stax

DECEMBER 13, 2023

However, you must keep in mind several federal and state laws as well as credit card network guidelines (e.g. Fortunately, in states where surcharging is legal, you can recoup these processing costs by transferring them to the cardholder. Surcharging rules Surcharge laws and guidelines can vary from state to state.

Credit Cards 88

Credit Cards Debit Card Laws Rules 88