PYMNTS

JUNE 10, 2019

In addition, the market became more hostile after the FCA set new rules to limit marketing, boost governance and credit underwriting, and force lenders to prepare for failure. That chance has gone now,” said Stuart Law, CEO of Assetz Capital , specializing in secured business loans, according to the Financial Times.

P2P 55

P2P Regs Rules Regulations 55

PYMNTS

SEPTEMBER 30, 2019

With a nod toward privacy regulation, this past week saw the European Union’s top court ruling that Google need not extend the “right to be forgotten” across the globe. As reported, the court has ruled that the search and tech giant need only sever links from search results tied to Europe when demanded to do so by individuals.

Regs 53

Regs Privacy Regulations Rules 53

PYMNTS

OCTOBER 26, 2018

“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. But legal hurdles have caused some FinTechs to approach the charters cautiously, reports said, while they wait for greater clarity and certainty on the rules. 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

JULY 24, 2020

Wider acceptance of open banking rules and strategies is occurring in Brazil, Chile, Colombia and Mexico, and venture capital investment interest is following, even as many of the region’s merchants are assessing the pandemic’s negative financial impacts.”. Similarities To The EU.

Online and Mobile Banking 67

Online and Mobile Banking Regs Regulations Cross-Border 67

PYMNTS

DECEMBER 21, 2020

The European Union ’s governing European Commission published drafts of new rules for digital services that would cover social media, digital marketplaces and other platforms. Big Tech Could Face Penalties Under Potential UK Law on Illicit Content. and Europe. EU Unveils First Drafts of Digital Markets and Digital Services Acts.

Privacy 57

Privacy Agreements Federal Trade Commission Regs 57

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. She pointed to Latin America , which enacted some of the world’s first eInvoicing mandates for the purposes of tax rule enforcement.

Regs 40

Regs B2B Consulting Compliance 40

PYMNTS

NOVEMBER 5, 2018

Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the aftermath of the Financial Crisis of 2008? To that end, the Federal Reserve proposed last week that some rules be relaxed for 16 financial institutions — though the largest banks in the country are not among them.

Fed 51

Fed Federal Reserve Regs Rules 51

PYMNTS

APRIL 8, 2016

Making matters worse, there was no window given for time to comply; the regs went into effect immediately. There is a consensus among analysts and Indian Internet experts that, despite the immediate effect of the laws, enforcement is not expected immediately, and it remains unclear what the penalties for violations will be.

Law Enforcement 41

Law Enforcement Regs Rules Laws 41

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. Uber and Lyft fought against local taxicab rules that kept prices high and limited access to services,” Warren said.

On-Demand 40

On-Demand Regulations Economy Laws 40

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

APRIL 12, 2017

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. Until that spigot dries up, there’s not much incentive to be an early adopter of Reg.

Small Business 41

Small Business Regs Regulations Accreditation 41

PYMNTS

DECEMBER 17, 2016

Grievance: You managed to draft rules that are bad for literally everyone involved. Jamie Fulmer from Advance America, the nation’s largest payday lender, is aggrieved because the CFPB rules as written are not meant to reform the short-term lending industry so much as they are obviously intended to dismantle it.

Bots 40

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

PYMNTS

MAY 16, 2017

The Consumer Financial Protection Bureau’s (CFPB) rulemaking authority survived its first big challenge from the now Republican-dominated houses of Congress when an effort to use the Congressional Review Act (CRA) to repeal new rules for the prepaid card industry passed by the consumer watchdog in the waning days of the Obama administration.

Rules 40

Rules CFPB Regs Authorization 40

CB Insights

OCTOBER 31, 2017

A notice sent to creditors said Jawbone entered into insolvency proceedings under California law on June 19. We knew going in that most startups don’t make it, and as an indie game studio we hoped we would be the exception to that rule, but as it turned out we weren’t. Title: Play By Your Own Rules. Product: Scarf.

Posting 78

Posting Product Online and Mobile Banking On-Demand 78

PYMNTS

FEBRUARY 17, 2017

will soon be floating a complete overhaul of the rules governing how financial institutions investigate and report potential criminal activity. The banks are arguing that rules imposed in the years after the Sept. 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