PYMNTS

NOVEMBER 20, 2017

JPMorgan Chase’s Swiss subsidiary broke anti-money laundering rules in that country, according to FINMA, the Swiss financial markets authority. The FINMA ruling, which came on June 30, claims the banking giant “seriously infringed” on rules governing anti-money laundering provisions, as confirmed by a Nov.

AML 43

AML Rules Money Laundering Regs 43

PYMNTS

JULY 16, 2018

New rules may loom for technology providers pertaining to privacy — on a national level. Companies also have new rules in place that govern how data is shared for children aged 16 and below. In another nod toward privacy, Microsoft wants to see government regulation of facial recognition technology.

Privacy 40

Privacy Rules Regs Money Laundering 40

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.

AI 67

AI Regs Privacy Regulations 67

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.

Regs 53

Regs Privacy Regulations Rules 53

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. 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.

P2P 55

P2P Regs Rules Regulations 55

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

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.

Regs 43

Regs Regulations Rules Governance 43

PYMNTS

FEBRUARY 3, 2019

Australia’s competition regulator is going after the banking industry in the country, vowing to punish what it claims is misconduct, reported The Financial Times. He noted that regulators shouldn’t have allowed Westpac to merge with St George Bank back in 2008, reported The Financial Times.

Regs 40

Regs Regulations Rules FinTech 40

PYMNTS

FEBRUARY 19, 2019

In other news, Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has announced new rules for trading crypto assets on futures exchanges in the country. The new regulations state that these futures exchanges and clearing houses need to have paid-up capital of at least 1.5 trillion Indonesian rupiahs.

Bitcoin 65

Bitcoin Regs Risk Assessment Blockchain 65

PYMNTS

OCTOBER 26, 2018

state bank regulators said it filed a complaint in the U.S. 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. 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

MARCH 12, 2019

The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of reviewing internal systems that allowed the banks to charge excess fees to customers. The Royal Commission has referred two dozen cases for regulators, which could result in prosecution.

Regs 43

Regs Small Business Regulations Advisors 43

PYMNTS

JANUARY 3, 2017

If its listings hold constant, Airbnb could see its bookings in 2017 drop by a third thanks to the new rules. 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. billion in 2017. London is one of many regulatory compliance issues Airbnb is wrestling with.

Regulations 45

Regulations Regs Regulatory Compliance Disputes 45

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

OCTOBER 22, 2019

Elizabeth Warren worried that banks could potentially use the problems to justify easing regulations on the banking industry as a whole. Warren , who is a member of the Senate banking committee, said she’s “concerned” about whether banks will claim that the liquidity regulations imposed on them after the financial crisis are too strict.

Regs 40

Regs Money Laundering Fed Rules 40

PYMNTS

NOVEMBER 4, 2019

The International Organization of Securities Commissions (IOSCO) said existing securities rules could be applied to Libra, Facebook’s proposed cryptocurrency, according to a report by Reuters. The IOSCO is made up of regulators across the globe, including Japan, Europe and the U.S. 4 statement.

Regs 40

Regs Stablecoins Security Money Laundering 40

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

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 In some circles, there is a crisis of confidence.”. Last year, PwC was fined $6.5

Regs 49

Regs Accounts Audit Regulations 49

PYMNTS

DECEMBER 3, 2019

Those threats encompass having to offer a service that is fully private to customers who pay, being forced to unwind the acquisition of Instagram and complying with new rules in the U.S. that mirror the General Data Protection Regulation of the European Union.

Regs 52

Regs Compliance Risk Rules 52

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

PYMNTS

JULY 17, 2018

The credit union (CU) market has long argued that rules intended for larger, more traditional banks have unjustly been applied to their industry, stifling their growth and pace of innovation. However, recent changes in regulations could open new doors for the credit union market to more efficiently serve its members.

Credit Union 40

Credit Union Regs Push-to-Card Underwriting 40

PYMNTS

MARCH 26, 2018

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

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

MAY 6, 2019

The European Commission (EC) recently ruled in favor of a 40 percent reduction of interregional interchange fees charged by Visa and Mastercard, a ruling that reports said applies to non-EU consumer debit and credit cards used to make purchases across Europe.

Commercial Card 46

Commercial Card Caps Regs Visa 46

Global Fintech & Digital Assets

JANUARY 24, 2024

Wink , and Deric Behar On January 10, 2024, the Securities and Exchange Commission (SEC) issued , on an accelerated basis, an Omnibus Approval Order (the Order) for proposed NYSE Arca, Nasdaq, and Cboe BZX rule changes seeking to list and trade shares of 11 spot bitcoin trusts. Based on recent developments (primarily the D.C.

Bitcoin 59

Bitcoin Product Agreements Rules 59

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Chinese officials last month also issued draft rules aimed at preventing monopolistic behavior by internet firms.

Regulations 67

Regulations Authorization Regs Central Bank 67

PYMNTS

FEBRUARY 9, 2017

Brokers/dealers were concerned about the potential for consumers to exercise their rights under Regulation E to assert that a transaction was unauthorized up to 60 days after its settlement, despite the fact that securities settlement transactions are exempt from Reg. A Window Of Opportunity. But what about the other concern?

Reg E 46

Reg E Security Transactions Third-Party Sender 46

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

Fintech Labs Insights

AUGUST 21, 2015

FundAmerica’s back-end compliance solutions include everything from AML and escrow services to payment processing and state dealer representation, in short all investment advisers, broker-dealers and others need to raise capital pursuant to 506(c), 506(b), Reg A+, and rule 4(a)(6) crowdfunding regulations.

Payment APIs and Integration 24

Payment APIs and Integration Regs AML Issuers 24

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. 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.

Privacy 57

Privacy Agreements Federal Trade Commission Regs 57

PYMNTS

NOVEMBER 11, 2020

The stock fell after the Chinese government announced new antimonopoly rules that will increase the pressure on eCommerce marketplaces and payments services. 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).

Regs 95

Regs NOV Law Enforcement Economy 95

Wharton Fintech

AUGUST 21, 2023

Possible staking functionality in the future for Alto CryptoIRA Eric: So there’s a very simple rule of thumb, which is that there’s no such thing as a free lunch. There are other types of securities deals, Reg A, Reg A+…where non-accredited investors can can participate as well. I don’t think Bitcoin and Ethereum are going away.

Accreditation 52

Accreditation Returns Regs Origination 52

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. But, cloudy or not, it is a desirable target. with marketplace sellers.

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

Grievance: You managed to draft rules that are bad for literally everyone involved. 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. To: the Consumer Financial Protection Bureau (CFPB).

Bots 40

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

PYMNTS

JANUARY 3, 2017

regulators are apparently giving smaller banks a bit of a break when it comes to reporting requirements. Reports late last week said the Federal Reserve and other regulators will allow small banks that hold less than $1 billion in assets to file their required reports via more streamlined versions of those documents.

Regs 51

Regs Federal Reserve Regulations Rules 51

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