PYMNTS

JANUARY 24, 2020

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.

Regs 67

Regs AI Privacy Regulations 67

PYMNTS

JUNE 29, 2020

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Wirecard Forces ‘Radical’ Reboot Of German Accounting Regs. Plus, the Federal Deposit Insurance Corp. FDIC) is looking to modernize bank reporting.

Regs 56

Regs FDIC Accounts Consumer 56

FICO

SEPTEMBER 19, 2022

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

Regs Consumer Financial Protection Bureau (CFPB) CFPB Rules 52

PYMNTS

FEBRUARY 12, 2018

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.

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Regs Rules Laws Regulations 40

Payments Source

FEBRUARY 14, 2019

A group of state regulators has signed off on 14 recommendations, developed by the fintech industry, aimed at streamlining multistate licensing and supervision.

Regs 62

Regs FinTech Regulations 62

PYMNTS

OCTOBER 24, 2016

Hong Kong is again pushing for more multinational corporate treasurers to call the city home with a new initiative by local regulators. Reports Friday (Oct. 21) said authorities in Hong Kong have launched a campaign to promote mainland China treasurers to establish headquarters in Hong Kong as they look for global expansion.

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Regs Governance Government Authorization 68

Payments Source

JANUARY 14, 2019

As the payment industry continues to innovate and expand across borders, it increasingly will need to be mindful of data regulations requiring data localization that multiply the complexities and cost of creating a seamless data flow and user experience, Alston & Bird’s Richard Willis and Laura K. Song write.

Regs 67

Regs Privacy Rules Regulations 67

PYMNTS

MARCH 18, 2020

The Federal Deposit Insurance Corporation ( FDIC ) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17). In 1987, parent banks were allowed to bypass FDIC oversight and regulations. .

FDIC 57

FDIC Regs FinTech Rules 57

Payments Source

AUGUST 4, 2019

Under the regulation, banks and financial services providers must secure their own systems as well as implement third-party risk management programs, which can mitigate insider threats from third parties, says Michael Magrath, director of global regulations and standards for OneSpan.

Regs 67

Regs Breach Mitigation Risk Management 67

PYMNTS

APRIL 10, 2020

With the newest effort to direct more funding its most susceptible business vertical, China’s banking regulator said it would begin to watch the level of support lenders are providing to smaller companies that are encountering difficulties. It also detailed different goals to command the bad loan ratio on SMB loans and lending rates.

Assessments 60

Assessments Regs Finance Mitigation 60

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.

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Regs Rules Regulations Privacy 58

Payments Source

MARCH 30, 2016

Model legislation in the works would give state legislatures a template for regulating virtual currency businesses. The Treasury is lobbying against clear exemptions for firms that don't control customer funds.

Treasury 61

Treasury Digital Currency Regs Regulations 61

Innovative Payments Association

JULY 8, 2024

Regulation E, also known as the Electronic Fund Transfer Act, is a federal regulation that governs electronic transfers of funds, such as ATM transactions, debit card transactions, and direct deposits. Disclosures should include information about fees, error resolution procedures, and consumer rights under Regulation E.

Reg E 52

Reg E CFPB Error Resolution Boot Camp 52

PYMNTS

SEPTEMBER 28, 2020

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.

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Regs Privacy Rules Regulations 60

PYMNTS

OCTOBER 26, 2018

state bank regulators said it filed a complaint in the U.S. In July, the NYDFS released a report urging online marketplace lenders to have the same level of scrutiny and regulations placed upon them that traditional banks face. 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

JUNE 10, 2019

’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. “The FCA has been caught out by a new sector, which was left virtually unchecked and allowed to grow at a startling rate, with barely any regulation.”. “New

P2P 55

P2P Regs Rules Regulations 55

PYMNTS

FEBRUARY 19, 2019

The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 According to CoinDesk , the agency, which serves under the country’s Ministry of Trade, has stipulated that crypto futures exchanges must be registered and approved before operating. trillion Indonesian rupiahs.

Bitcoin 65

Bitcoin Regs Risk Assessment Blockchain 65

PYMNTS

DECEMBER 21, 2018

“In the early days of the internet, Congress passed legislation that provided certainty, and resisted the temptation to over-regulate the market. Instead, if the bill is approved, digital tokens would most likely be supervised by the Federal Trade Commission ( FTC ) or the Commodity Futures Trading Commission (CFTC).

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Regs Federal Trade Commission Bitcoin Debit Card 70

PYMNTS

DECEMBER 3, 2019

Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. The company is facing increased regulation from cities all across the U.S. The company is facing increased regulation from cities all across the U.S.

Regs 52

Regs Regulations Legal Settlement 52

PYMNTS

JULY 21, 2019

Experts on dispensaries say such labeling is the only way to get around federal banking regulations. Federal regulations prevent financial institutions and other payment companies from serving up options to pay to the legal weed industry. . Skaff is a marijuana business financial advisor.

Regs 55

Regs Credit Cards Credit Union Legal 55

Payments Source

OCTOBER 4, 2017

The e-signature and invoicing regulations, which sought to simplify e-invoicing to enhance adoption rates, have caused uncertainty, writes David C s, CEO and founder of CloudTrade.

Regs 62

Regs Regulations Payments ISOs 62

PYMNTS

OCTOBER 13, 2019

Bengaluru-based Razorpay would like to work with the Reserve Bank of India (RBI) on new regulations that would make it mandatory for payments companies to comply with RBI’s entry point, technology, security, data storage and more. So far, we haven’t dealt with the regulator directly, because we were small. It is a welcome step.

Regs 56

Regs Visa Regulations Payment Gateways 56

Payments Source

AUGUST 7, 2017

Under PSD2, banks are expected to admit all vetted comers, but how they will connect to them is up to the individual parties, writes Raz Rafaeli, CEO of Secret Double Octopus.

Regs 71

Regs Payments Payments Data ISOs 71

PYMNTS

JANUARY 26, 2020

Corbett stepped down from the job because it was “impossible” to overcome regulations on Bird Rides while Brexit was in process. Corbett said it had taken him years at his previous job — at taxi company, Eyetease — to enact any regulation changes in Britain. Bird Rides, Inc. , the eScooter startup, lost its U.K.

Regs 53

Regs Regulations Laws Addressing 53

PYMNTS

MARCH 14, 2019

After completing a routine checkup on the Danish branch of SEB Kort Bank AB in March 2018, the recently-published findings show that the regulator is instructing the bank to gather additional information on customers that the branch believes have a high risk of money laundering or terror financing.

Money Laundering 53

Money Laundering Regs Crime Risk 53

PYMNTS

APRIL 10, 2019

In terms of the news itself, China’s government, through its National Development and Reform Commission, which regulates planning, has now said bitcoin mining stands on a list of 450 activities that are thought to be wasteful and should be eliminated. Break Even or Broke, Even?

Bitcoin 58

Bitcoin Regs Use Case Digital Currency 58

PYMNTS

JANUARY 3, 2017

What remains to be seen is if the regs will shift visitors to new listings on the Airbnb platform — or off of the platform entirely. NYC has seen 7 percent of its listings taken down to comply with local regulations; Berlin has banned short-term rentals of entire homes; and Barcelona has hit the company with several fines.

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Regulations Regs Regulatory Compliance Disputes 45

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.

Bitcoin 46

Bitcoin Regs Regulations Blockchain 46

PYMNTS

MARCH 4, 2020

Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by big companies, according to a report by The Australian.

Regs 56

Regs Finance Payments Small Business 56

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.

Bitcoin 46

Bitcoin Regs Regulations Blockchain 46

PYMNTS

DECEMBER 29, 2019

Regulators approved the $3.1 Careem , an Egyptian domestic rival to U.S.-based based Uber , is set to be acquired by their global competition giant. billion deal after Uber guaranteed it would abide by a series of commitments designed to sustain competition in the regional market, Reuters reported Sunday (Dec.

Regs 52

Regs Caps Regulations Authorization 52

Payments Source

JULY 7, 2020

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

Regs 74

Regs Privacy Laws Technology 74

PYMNTS

JUNE 4, 2018

In news separate from the sandbox announcement, yet germane to the financial industry in general, loan terms are sweetening, with some regulators starting to worry about looser lending standards, leading to annual lending growth of 3 percent. As noted at the time, the U.S. in sandbox development.

CFPB 47

CFPB Consumer Financial Protection Bureau (CFPB) Regs Office of the Comptroller of the Currency 47

PYMNTS

MARCH 19, 2018

regulators are encouraging an inquiry into whether the market’s Big Four accountancy firms — KPMG, Deloitte, PwC and EY — should be broken up and forced to spin off their auditing arms, reports said. The regulator has also hit Deloitte with a fine of $5.15 Last year, PwC was fined $6.5 million related to its audit of Aero Inventory.

Regs 49

Regs Accounts Audit Regulations 49

PYMNTS

APRIL 2, 2019

Facebook CEO Mark Zuckerberg’s call for regulation in the tech space on Saturday (March 30) is drawing praise: U.S. However, the outlet reported that the latest statement is “Facebook’s most explicit call to date for regulation.”. Zuckerberg’s call has elicited praise from other lawmakers as well.

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Regs Regulations Rules Legal 43

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. financial system.

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Regs BSA Legal Framework Cryptocurrency 49

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.

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Regs Regulations Legal Laws 46