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

Fintech Review

JANUARY 30, 2025

That is why the task of DORA is to unify and constantly update a single system of financial monitoring rules on the EU market, which will reduce risks, and therefore preserve profits, continues Artem Lyashanov. This rule is relevant for almost all markets in the world, only in different manifestations.

Regulations 98

Regulations Risk Management Participant Cybersecurity 98

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

Payments Dive

JULY 18, 2024

The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.

Laws 88

Laws CFPB Rules 88

PYMNTS

DECEMBER 10, 2020

Twitter, Mozilla, Automatic and Vimeo said in an open letter that these new rules “will either renew the promise of the Open Internet or compound a problematic status quo – by limiting our online environment to a few dominant gatekeepers, while failing to meaningfully address the challenges preventing the internet from realizing its potential.”.

Rules 90

Rules Legal Framework Legal Regulations 90

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

Fintech News

DECEMBER 18, 2023

However, a small proportion of recent remittances faced freezes by Chinese law enforcement agencies, with unclear reasons behind these actions. In most cases, these transactions are successfully deposited into the recipients’ Chinese bank accounts. Approximately 430 reports were against Samlit Moneychanger.

Rules 107

Rules Law Enforcement MFA Laws 107

The Payments Association

OCTOBER 28, 2024

One of the key shifts in APP fraud this year involves the introduction of new reimbursement rules , which came into effect in October 2024. Collaboration with law enforcement and the Government The report stresses the importance of ongoing collaboration between financial institutions, regulators, and law enforcement.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

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

Clearly Payments

OCTOBER 30, 2024

Payment processing and data handling rules vary by country, and non-compliance can result in fines or a loss of customer trust. Local tax laws : Some countries impose a VAT or other taxes on foreign merchants. Understanding tax obligations in each market is crucial to prevent legal and financial issues.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

VISTA InfoSec

SEPTEMBER 30, 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

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

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 147

Cybersecurity Compliance Encryption Best Practices 147

Finextra

SEPTEMBER 19, 2024

The Government and FCA announce plans to reform UK retail disclosure rules, and will temporarily exempt investment trusts from assimilated EU law requirements.

Rules 52

Rules Governance Government Laws 52

The Fintech Times

FEBRUARY 12, 2024

Members of the European Parliament (MEPs) have officially adopted new rules to ensure transferred funds arrive immediately into the bank accounts of retail customers and businesses across the EU. The post European Parliament Introduces Instant Credit Transfer Law for Banks and PSPs appeared first on The Fintech Times.

Laws 59

Laws Rules Fraud Detection Money Laundering 59

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

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

The Finance Weekly

JANUARY 1, 2023

In terms of financial reporting, this made big news in the FP&A world when back in July, a customer claimed that FP&A software Vena Solutions misled them into thinking that their SOC reports (specifically SOC 1 Type 2 report) was independently verified according to the rules, when in reality it wasn’t.

Finance 246

Finance Automation Compliance Laws 246

The Fintech Times

APRIL 7, 2025

In the anti-fraud strategy, Innovate Finance advocates for a data-sharing approach across sectors, regulators and the law enforcement industry, to industrialise the UKs use of technology to spot and stop fraud and enable all financial firms to access and use these solutions. per cent of all reports received.

Law Enforcement 45

Law Enforcement Innovation Finance Origination 45

Finovate

OCTOBER 22, 2024

financial services community has been waiting for for at least a year– the Consumer Financial Protection Bureau (CFPB) issued its final 1033 rule making. The new rule, issued in the form of a 594-page document, aims to enhance consumers’ rights, privacy, and security over their own personal financial data.

Rules 52

Rules Consumer Financial Protection Bureau (CFPB) CFPB GLBA 52

Fintech News

FEBRUARY 10, 2025

Unlike traditional AI, which follows predefined rules or requires human oversight, Agentic AI dynamically adapts to changing environments, makes complex decisions, and executes tasks without direct intervention. These systems continuously learn from interactions, optimise their performance, and proactively solve problems in various domains.

AI 75

AI FinTech Fraud Detection Fraud Prevention 75

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

NOVEMBER 4, 2020

The passage of the ballot measure hoists into place a new law, the California Privacy Rights Act, which is designed to make it easier for consumers to decline to share their online data with companies while also closing some potential loopholes in the original 2019 law.

Privacy 101

Privacy Laws Origination Rules 101

Segpay

SEPTEMBER 30, 2024

This blog explores child protection laws across key Latin American countries, highlighting their different approaches and the evolving regulatory frameworks. The statute was updated in 2014 to include Internet and Child Protection to protect kids from online exploitation, cyberbullying, and access to inappropriate content ( Law 12,965/2014 ).

Verification 111

Verification Legal Framework Laws Regulations 111

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

The Fintech Times

FEBRUARY 6, 2025

Section 75 is a law that applies exclusively to credit cards, ensuring providers share responsibility with merchants for purchases ranging from 100 to 30,000. Section 75 is a long-standing consumer protection law in the UK that ensures credit card providers share responsibility with merchants for purchases ranging from 100 to 30,000.

Debit Card 64

Debit Card Credit Cards Payments Laws 64

Finextra

SEPTEMBER 6, 2024

The US Federal Deposit Insurance Corporation (FDIC) is looking at plans to protect customers from fintech failures, reports Bloomberg Law.

FDIC 64

FDIC Rules Laws FinTech 64

PYMNTS

AUGUST 14, 2020

Regulators and law enforcement will try their best to recoup the money, he told China Central Television Friday (Aug. as Chinese firms rush to go public before tough new federal disclosure rules go into effect. regulators, a move that would put the firms in conflict with secrecy laws in China. 14), per the report.

P2P 126

P2P Law Enforcement Audit Non-Bank 126

Clearly Payments

FEBRUARY 10, 2025

Card Networks Companies like Visa, Mastercard, and American Express ( credit card networks ) that set processing rules and fees. Regulatory Compliance Businesses must comply with rules like GDPR (Europe), PSD2 (EU), and AML/KYC laws in various countries. per transaction.

Small Business 66

Small Business Process Address Verification System (AVS) Cross-Border 66

Finextra

SEPTEMBER 6, 2024

UK, US and EU among the signatories on the Council of Europe’s Framework Convention on artificial intelligence and human rights, democracy, and the rule of law.

Government 78

Government Governance Laws AI 78

PYMNTS

DECEMBER 30, 2020

Payactiv 's Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB), according to a press release.

CFPB 106

CFPB Payroll Correspondent Rules 106

Finovate

MARCH 13, 2024

That said here are four major implications the new law will have on banks: Prohibited AI applications The new law prohibits the use of AI for emotion recognition in the workplace and schools, social scoring, and predictive policing based solely on profiling. The transparency reporting will not be one-size-fits-all.

AI 111

AI Laws Fraud Detection Use Case 111

PYMNTS

SEPTEMBER 17, 2020

The European Union (EU) could pass new laws that would make it mandatory for Apple to share the payments technology in its iPhones, according to a report from Bloomberg. The new laws would prevent developers from restricting access to their near-field communication (NFC) technology embedded in the phones or other devices, like smartwatches.

Request for Comment 112

Request for Comment Laws Payments CHIPS 112

Fintech News

OCTOBER 6, 2024

The report also highlights measures to deter the misuse of shell companies, including the introduction of stricter registration requirements and the enforcement of nominee director rules. It will allow law enforcement, sector supervisors, and government bodies to seamlessly screen databases and assess entities of concern for potential risks.

Money Laundering 120

Money Laundering Law Enforcement Financial Crimes Due Diligence 120

The Fintech Times

FEBRUARY 28, 2025

Charles Nerko , team leader for data security litigation in Barclay Damon LLP , the law firm, explains how this is not the case, and why firms need to be proactive in managing the risk in a compliant manner. “Keeping pace with evolving laws is another challenge. “AI contracts compound these risks if poorly structured.

AI 97

AI Regulations Best Practices Risk 97