Remove Laws Remove Regs Remove Regulations
article thumbnail

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. Regulation F has articulated prohibitions on harassment or abuse, false or misleading representations and unfair practices. Embrace it. FICO Admin. Tue, 07/02/2019 - 02:45. by Cyril Cherian.

Regs 52
article thumbnail

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

PYMNTS

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
article thumbnail

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

PYMNTS

According to a report in The Wall Street Journal , citing Dealogic, out of the eight companies that went public last year under a provision of the Jumpstart Our Business Startups (JOBS) Act known as Regulation A+, seven are trading below their offer price – an average of 42 percent lower than riced when they went public.

Regs 40
article thumbnail

Proposed Bills Could Make Washington An AI Reg Leader

PYMNTS

With an array of bills brought forward by lawmakers during this legislative session, Washington state could become a leader in artificial intelligence regulation. Microsoft , as well as its president, has been asking regulators to make legislation on artificial intelligence (AI) for months.

AI 67
article thumbnail

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

PYMNTS

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Regs 60
article thumbnail

Tight UK Scooter Regs Lead To Bird Chief’s Exit

PYMNTS

Corbett stepped down from the job because it was “impossible” to overcome regulations on Bird Rides while Brexit was in process. 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.

Regs 53
article thumbnail

P2P Lenders Look To New Regs To Purge Competitors

PYMNTS

’s peer-to-peer (P2P) lenders are hoping that tighter regulations by the Financial Conduct Authority (FCA) can help restore the sector’s damaged reputation. That chance has gone now,” said Stuart Law, CEO of Assetz Capital , specializing in secured business loans, according to the Financial Times. “I Despite lending £6.7

P2P 55