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Debt Collections on Tenterhooks with Six and Sevens following CFPB’s Reg F

FICO

Debt Collections on Tenterhooks with Six and Sevens following CFPB’s Reg F. Reg F isn't a hurdle to adjust to and live with. The debt collector is presumed to violate the law if they place a telephone call to a customer about a particular debt: More than seven times within a seven-day period, or. Embrace it. FICO Admin.

Regs 52
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Reg A+ IPOs Lose More Investors’ Money Than They Make

PYMNTS

When the JOBS Act of 2012 became law, it removed some of the IPO hurdles for companies that have less than $1 billion in sales each year. In addition to most of the Reg A+ IPOs losing investors’ money last year, the average float of these stocks was 15 percent, which is much lower than the 34 percent float for all IPOs listed in U.S.

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Alibaba Single’s Day 2020: Sales Records Broken, But New Chinese Regs Spoil The Party

PYMNTS

Essentially, the new rules update the old antimonopoly laws which were passed in 2008. For example, the definition of “relative market” means that companies in a “dominant position” if they control more than 50 percent of the market would come under the new regulations.

Regs 95
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Data privacy regs abroad put even finest digital tools to the test

Payments Source

Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle.

Regs 74
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Proposed Bills Could Make Washington An AI Reg Leader

PYMNTS

Critics, however, contend that the involvement of both companies in the legislative process is a way to make sure that laws don’t become too burdensome. Microsoft , as well as its president, has been asking regulators to make legislation on artificial intelligence (AI) for months. Amazon has also begun to ask for AI tech regulation.

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Tight UK Scooter Regs Lead To Bird Chief’s Exit

PYMNTS

Laws in Britain effectively ban eScooters from being on the roads, and Corbett had finally had enough. Bird Rides, Inc. , the eScooter startup, lost its U.K. and Ireland boss Richard Corbett, who stepped down from the job after two years at the helm of the company, according to Bloomberg.

Regs 53
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Report: Helping Online Merchants Comply With The Middle East’s New Payments Regs

PYMNTS

The country’s Data Protection Law was announced in 2019 and officially came into effect in July 2020. Deep Dive: How Consumers’ Changing Payment Preferences Are Affecting MENA Privacy Laws. The aim of doing so is to create a more robust framework for digital banking.

Regs 60