PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. As reported last week , Haruhiko Kuroda, the Bank of Japan governor, on Tuesday, said that international regulators must cooperate when it comes to regulating stablecoins like Libra, Reuters reported.

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Regs Privacy Regulations Rules 53

PYMNTS

SEPTEMBER 12, 2016

. “Electronic platforms facilitating fundraising on digital platforms are neither authorized nor recognized under any law governing the securities market,” the note stated. ” The regulator added that only legally recognized stock exchanges can serve as electronic platforms for corporate securities to be listed and traded.

Regs 74

Regs Federal Reserve Legal Regulations 74

PYMNTS

AUGUST 22, 2019

US Secretary of State Mike Pompeo believes that bitcoin needs to be as highly regulated as SWIFT. Look, the risk with anonymous transactions is one that we all know well. The agency announced that the company, ICO Rating, has agreed to pay $268,998 to settle the charges.

Bitcoin 46

Bitcoin Regs Regulations Blockchain 46

PYMNTS

AUGUST 22, 2019

Secretary of State Mike Pompeo believes that bitcoin needs to be as highly regulated as SWIFT. Look, the risk with anonymous transactions is one that we all know well. The agency announced that the company, ICO Rating, has agreed to pay $268,998 to settle the charges.

Bitcoin 46

Bitcoin Regs Regulations Blockchain 46

PYMNTS

SEPTEMBER 26, 2018

Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Regulators probed the banks’ breaches of law in a review scrutinizing operations between 2014 and 2017, according to reports. Those breaches resulted in $361.9

Breach 43

Breach Regs Non-Bank Regulations 43

PYMNTS

SEPTEMBER 5, 2019

Colombian regulators have demanded that delivery app Rappi comply with electronic commerce laws, and has also launched an investigation into the app after receiving hundreds of customer complaints. As a result, the regulators ordered that the terms and conditions of be changed — and the decision is not subject to appeal.

Regs 46

Regs Regulations Legal Laws 46

PYMNTS

OCTOBER 26, 2018

state bank regulators said it filed a complaint in the U.S. “Common sense and the law tell us that a non-bank is not a bank,” said CSBS President and CEO John Ryan in a statement announcing the suit. Reports in Reuters on Thursday (Oct. The body of U.S.

Office of the Comptroller of the Currency 62

Office of the Comptroller of the Currency OCC Regs Blocks 62

PYMNTS

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone.

Regs 49

Regs BSA Legal Framework Cryptocurrency 49

PYMNTS

MARCH 18, 2019

The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. Here’s a mortgage analogy. financial crisis.”.

Privacy 49

Privacy Regs Identity Theft Data Breach 49

PYMNTS

AUGUST 16, 2018

Australian regulators have made public a report into National Australia Bank (NAB), accusing the FI of charging consumer and small business customers fees for services that were never rendered, reports in The Sydney Morning Herald said Wednesday (Aug.

Regs 40

Regs Small Business Breach Laws 40

PYMNTS

DECEMBER 21, 2018

introduced the “Token Taxonomy Act,” which would not only redefine “digital token,” but ensure that securities laws would not apply to cryptocurrencies that have become a fully functioning network. Warren Davidson (R-Ohio) and Darren Soto (D-Fla.)

Regs 70

Regs Federal Trade Commission Bitcoin Debit Card 70

PYMNTS

JULY 24, 2020

Open banking is often associated with the European Union (EU) almost by default as the region pushes the envelope further on regulation than anywhere, partly to encourage — but also to keep up with — imaginative FinTech innovators going to market throughout the Eurozone. Similarities To The EU.

Online and Mobile Banking 67

Online and Mobile Banking Regs Regulations Cross-Border 67

PYMNTS

JULY 16, 2018

In another nod toward privacy, Microsoft wants to see government regulation of facial recognition technology. Microsoft President Brad Smith remarked ,“We believe Congress should create a bipartisan expert commission to assess the best way to regulate the use of facial recognition technology in the United States.

Privacy 40

Privacy Rules Regs Money Laundering 40

PYMNTS

MAY 16, 2018

Soon, however, the payments industry will be able to tap into that market legally, thanks to a recent decision by the Supreme Court to axe a federal law that prohibited gambling on sports in most U.S. Around 20 states have already passed laws or have pending legislation around online gaming and sports wagering.

Regs 40

Regs Legal Disputes Laws 40

PYMNTS

MAY 26, 2016

Those services launched into virgin territory in terms of regulation — businesses of this kind had never quite existed before — and so the rules and regs in place did not quite manage to directly address them. The law also would have banned pickups from occurring in traffic lanes. The Big Austin Loss .

On-Demand 40

On-Demand Regulations Economy Laws 40

PYMNTS

MARCH 26, 2018

Complex tax law has been linked to the rise in eInvoicing in B2B commerce, according to Julie Park, managing director of VAT and customs duty at The VAT Consultancy. VAT regulations are behind the latest updates to procure-to-pay company Direct Commerce, which offers a range of services for B2B suppliers and buyers to facilitate business.

Regs 40

Regs B2B Consulting Compliance 40

PYMNTS

NOVEMBER 5, 2018

The latest changes proposed by the Fed come on the heels of the May 2018 passage of the Economic Growth, Regulatory Relief and Consumer Protection Act, which in turn scaled back a number of financial regulations introduced a decade ago in the aftermath of the 2008 Financial Crisis. Reg Oversight on Chinese Financial Firms to Broaden?

Fed 51

Fed Federal Reserve Regs Rules 51

PYMNTS

DECEMBER 28, 2020

Facebook is turning off a number of functions in its Instagram and Messenger apps for European users after new a European Union regulation called the “ePrivacy directive” began covering messaging apps as of Dec. It takes time to rebuild products in a way that work seamlessly for people and also comply with new regulation.”.

Compliance 59

Compliance Privacy Regs Agreements 59

PYMNTS

APRIL 12, 2017

Regulation A+ has made a mostly quiet splash on the market. Years in the making, the regulation was born from the JOBS Act, which was signed into law in 2012, with Title IV of the act — also known as Regulation A+ — enabling average joes to invest in companies seeking capital. A+,” Bhashyam stated in a blog post.

Small Business 41

Small Business Regulations Regs Accreditation 41

PYMNTS

FEBRUARY 18, 2019

As part of the EU’s Digital Single Market push , regulators and politicians that are part of that body have, in the words of the EU, “reached a political deal on the first-ever rules aimed at creating a fair, transparent and predictable business environment for businesses and traders when using online platforms.”. Marketplace Changes.

Regs 58

Regs Rules Regulations Privacy 58

PYMNTS

DECEMBER 21, 2020

And that businesses operating in Europe can freely and fairly compete online just as they do offline,” top EC regulator Margrethe Vestager said in an announcement. users into new agreements with its California headquarters, effectively going around the EU’s stringent privacy regulations as Britain prepares to leave the EU.

Privacy 57

Privacy Agreements Federal Trade Commission Regs 57

PYMNTS

NOVEMBER 11, 2020

The regulations will also hit Alibaba’s Ant Group, which took a beating last week after the government suspended its planned initial public offering (IPO). 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

Regs NOV Law Enforcement Economy 95

PYMNTS

APRIL 8, 2016

The Indian government has passed regulations that influence pricing and sales sourcing, which Amazon and similar sites seem to be in violation of. Making matters worse, there was no window given for time to comply; the regs went into effect immediately. There’s no proper instructions to companies about how to implement these things.

Law Enforcement 41

Law Enforcement Regs Rules Laws 41

Fintech Labs Insights

MARCH 7, 2017

The company’s backend solutions cover AML, escrow, and payment processing, enabling broker-dealers, listing services, and platforms to remain compliant to relevant laws and regulations, such as Reg A+ and rule 4(a)(6), when operating their crowdfunding business.

Regs 17

Regs Payment APIs and Integration API AML 17

PYMNTS

DECEMBER 17, 2016

When the CFPB drafted new regulations for the payday lending industry earlier this year, they likely could have expected that someone would be airing grievances in their general direction. Grievance: You managed to draft rules that are bad for literally everyone involved. That is more or less par for the course for the CFPB.

Bots 40

Bots CFPB Consumer Financial Protection Bureau (CFPB) Push-to-Card 40

PYMNTS

MAY 16, 2017

The timing of how those rules went into effect — and the fact that they were mildly controversial, particularly in regards to the overdraft regulations — meant that it had seemed possible that Congress would exercise its authority under the CRA to repeal the law — but doing was subject to a ticking clock. An Uptick In Enforcement?

Rules 40

Rules CFPB Regs Authorization 40

PYMNTS

FEBRUARY 17, 2017

A massive lobbying push is expected to follow the proposed rule change — a push that will likely target bank regulators and members of the Senate and House of Representatives finance committees. companies as much as $8 billion a year to stay on the right side of the regs.

Money Laundering 40

Money Laundering Regulations Regs Fincen 40

CB Insights

OCTOBER 31, 2017

A notice sent to creditors said Jawbone entered into insolvency proceedings under California law on June 19. ” A drone company with tons of preorders and lots of buzz folded up and left customers stranded, and some blockchain startups ran into regulation challenges, complications, and plain old lack of funding. Product: VidAngel.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78