Finextra

JANUARY 29, 2024

The Commodity Futures Trading Commission’s Divisions of Market Oversight, Clearing and Risk, Market Participants, and Data and the Office of Technology Innovation today issued a request for comment (RFC) to better inform them on the current and potential uses and risks of artificial intelligence (AI) in the derivatives markets the CFTC regulates.

Request for Comment 59

Request for Comment AI Participant Risk 59

Fintech News

MARCH 17, 2024

Advent International declined to comment on the matter. Nuvei did not immediately respond to a Reuters request for comment. The source cautioned to Reuters that the negotiations could still break down without an agreement. Terms of the potential acquisition were not disclosed.

Request for Comment 103

Request for Comment Processors Acquirers Agreements 103

Fintech Finance

JULY 15, 2024

Regulatory clarity and consistent standards are critical for providers offering safe, transparent and responsible financial services and even more important for consumers who expect protections when utilizing financial services including Buy Now Pay Later,” said Phil Goldfeder, Chief Executive Officer of AFC.

Consumer Financial Protection Bureau (CFPB) 94

Consumer Financial Protection Bureau (CFPB) CFPB Rules BNPL 94

PYMNTS

JANUARY 23, 2020

A Village Super Market company representative did not respond to requests for comment nor did a spokesperson from Fairway comment other than an earlier official statement denying the company was intending to go out of business, according to the news outlet. Village Super Market Inc., headquartered in New Jersey, owns ShopRite.

Request for Comment 52

Request for Comment Laws Transactions Security 52

The Fintech Times

JANUARY 11, 2024

The Computer & Communications Industry Association (CCIA) has responded to the Consumer Financial Protection Bureu ‘s request for comments on a proposal to define and regulate larger participants in the general-use digital consumer payment marketplace.

Regulations 64

Regulations CFPB Request for Comment Funds Transfer 64

The Fintech Times

JULY 15, 2024

Now, the American Fintech Council has submitted its own response to the CFPB’s request for comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans. In a letter , it applauded the CFPB for its 2022 report on BNPL and its continued engagement with industry leaders.

BNPL 64

BNPL Consumer Financial Protection Bureau (CFPB) CFPB Request for Comment 64

PYMNTS

SEPTEMBER 17, 2020

Apple didn't respond to requests for comment to Bloomberg, but its argument in the past for restricting the chip technology to its own apps is that releasing it to a broader audience could heighten the risk of fraud.

Request for Comment 112

Request for Comment Laws Payments CHIPS 112

PYMNTS

MAY 16, 2020

Visa did not immediately respond to a request for comment on the filing. “According to various embodiments, cash may be removed from the markets in a frictionless manner and the payment ecosystem may be improved.”.

Government 128

Government Governance Blockchain Request for Comment 128

PYMNTS

DECEMBER 13, 2020

A SolarWinds spokesman did not respond to a request for comment, Reuters reported, but the company issued a statement late Sunday night indicating it was targeted by a “highly-sophisticated, targeted and manual supply chain attack by a nation state.”.

Treasury 108

Treasury Request for Comment FBI Government 108

PCI Security Standards

APRIL 29, 2024

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. At our Community Meetings in 2022, the Council announced a significant change to its Participating Organization program.

Participant 193

Participant Security Payment Security Request for Comment 193

PYMNTS

APRIL 29, 2020

The SBA didn’t respond to requests for comment, the WSJ reported. While the SBA saw its budget grow with $2.8 billion for salaries and expenses on top of its $1 billion budget, the money was expected to be used for handling new disaster lending.

Audit 141

Audit Request for Comment Payroll Treasury 141

PYMNTS

JUNE 23, 2020

A lawyer for Braun did not immediately respond to a request for comment from the newspaper. Braun allegedly committed the scam with others, investigators said, but no one else had been named at press time, according to the report. Until his resignation Friday (June 19), when an audit revealed 1.9 billion euros ($2.1

Request for Comment 127

Request for Comment Audit Scams Central Bank 127

PYMNTS

JULY 16, 2020

In 2019, the company put out over 100 news releases, with many companies named not responding to journalists’ request for comment or saying the relationship had been overstated by Wirecard.

Money Laundering 91

Money Laundering Request for Comment Scams Crime 91

PYMNTS

SEPTEMBER 22, 2020

Apple did not immediately respond to a request for comment. confirmed some of its users had problems while accessing certain services. It was unclear how many users and which countries were impacted, the news service reported.

Request for Comment 86

Request for Comment Consumer Technology Payments 86

PYMNTS

OCTOBER 21, 2020

The Water Project did not reply to requests for comment from the news outlet. Eastern Time on Oct. 20) they had provided to Children International and The Water Project. They reportedly harnessed The Giving Block service that is used by numerous nonprofits globally.

Bitcoin 93

Bitcoin Request for Comment Federal Reserve Scams 93

Faster Payments Council

SEPTEMBER 17, 2019

While responses to the FedNow Request for Comment aren't due until November 7, we're looking at a significant strategic undertaking: we're forming recommendations for the first new payments system initiated by the Fed in more than 40 years. The clock is ticking. And, that's no small task, as I mentioned previously.

FPC 68

FPC FedNow Fed Request for Comment 68

PYMNTS

NOVEMBER 29, 2020

CNBC stated that a Biden transition spokesman did not respond to a request for comment about the potential nominations and that Biden is expected to announce economic appointments soon. Chenault is head of venture capital firm General Catalyst and serves on the board of Airbnb and Facebook.

Consumer Financial Protection Bureau (CFPB) 67

Consumer Financial Protection Bureau (CFPB) Federal Reserve Request for Comment Treasury 67

PYMNTS

OCTOBER 4, 2020

The FTC didn’t immediately respond to a WSJ request for comment. Other technology giants including Google , Amazon and Apple are also facing probes. Facebook declined to discuss the information.

Federal Trade Commission 116

Federal Trade Commission FTC Request for Comment Laws 116

PYMNTS

JUNE 26, 2020

Wirecard did not return a request for comment, Bloomberg reported. “Our priority is ensuring people are able to continue to use their cards,” Mastercard said. “We We will continue to work with all parties and stand ready to take any necessary action.”. At issue is $2.1

Visa 101

Visa Accounts Request for Comment Payment Networks 101

PYMNTS

SEPTEMBER 18, 2020

Next Insurance and CapitalG did not respond to requests for comment. Next Insurance is also supported by investors including and American Express Ventures, Nationwide Mutual Insurance Co. and Redpoint Ventures.

Request for Comment 70

Request for Comment Small Business Security Product 70

PYMNTS

SEPTEMBER 22, 2020

A DOJ spokeswoman declined to comment. Google didn’t immediately respond to a request for comment. The newspaper reported the DOJ lawyers plan to brief the nation’s state attorneys general Wednesday (Sept. 23) on the landmark complaint against the Menlo Park, California-based tech giant.

Federal Trade Commission 85

Federal Trade Commission Request for Comment Laws Economy 85

PYMNTS

JULY 11, 2018

Tamara Crepet, a lawyer provisionally appointed to represent Zhang, did not immediately respond to a request for comment. The FBI also did not immediately respond to a request for comment. The criminal complaint, filed in the U.S.

Request for Comment 40

Request for Comment FBI Authorization CHIPS 40

PYMNTS

JUNE 18, 2020

Euler Hermes did not respond to Global Trade Review’s requests for comment. The fact that a large, promised amount of funding, around 2 million euros to 3 million euros ($2.2 million to $3.4 million), from Euler Hermes did not come to be also hurt we.trade’s revenue.

Request for Comment 69

Request for Comment Shutdown Blockchain Continuity 69

PYMNTS

JUNE 19, 2020

BigBasket and Amazon did not respond to Reuters’ requests for comment. At the same time the liquor industry had been lobbying with many states to allow online deliveries, the report said.

Request for Comment 78

Request for Comment Shutdown Research Product 78

PYMNTS

JUNE 12, 2020

Giphy did not respond to a request for comment. “Developers and API partners will continue to have the same access to Giphy, and Giphy’s creative community will still be able to create great content,” the spokesperson said in a statement. “We

Regulations 60

Regulations Request for Comment Database Authorization 60

PYMNTS

JULY 31, 2020

The State Council, the central bank, Ant and Tencent did not respond to requests for comment. Meanwhile, the two companies are asking the government to prevent a probe, the news service reported.

Regulations 72

Regulations Online and Mobile Banking Request for Comment Central Bank 72

PYMNTS

JUNE 11, 2020

Grubhub did not immediately respond to a request for comment. Yum said it demanded that Grubhub revoke its termination of the contract and enter into negotiations. Instead, Grubhub contacted franchisees directly on Monday imposing a new pricing structure, according to the suit.

Request for Comment 56

Request for Comment Agreements Breach On-Demand 56

PYMNTS

JUNE 23, 2020

A lawyer for Braun did not immediately respond to a request for comment from Reuters. The German electronic payments processor said in a statement on Thursday (June 18) that auditor Ernst & Young, the company’s auditor, told the firm that “no sufficient audit evidence could be obtained” to confirm that the money really exists.

Finance 88

Finance Request for Comment Audit Regulations 88

PYMNTS

NOVEMBER 5, 2020

In response, Cook and Apple said there was "no proof" the company intended to defraud investors, though Reuters reports they didn't respond to requests for comments on Thursday.

Request for Comment 58

Request for Comment Rules Legal NOV 58

PYMNTS

SEPTEMBER 18, 2020

Next Insurance and CapitalG did not respond to requests for comment. Next Insurance is also supported by investors including and American Express Ventures, Nationwide Mutual Insurance Co. and Redpoint Ventures.

Request for Comment 59

Request for Comment Small Business Product FinTech 59

PYMNTS

JUNE 29, 2020

Ares didn’t respond to a WSJ request for comment. Ares Management Corp., which bought Neiman Marcus, recently had around $33 billion of dry powder right as the luxury department store retailer was filing for bankruptcy. More than 70 percent of retailers with the lowest-rated debts are owned by private equity firms.

Request for Comment 69

Request for Comment Returns Process 69

PYMNTS

SEPTEMBER 16, 2020

Flipkart and Walmart did not respond to requests for comment. “Flipkart is incorporated in Singapore, but listing in the United States, where parent Walmart is headquartered, could give it access to a deeper pool of funds,” one of the sources told the news service.

Request for Comment 66

Request for Comment Legal Compliance Acquirers 66

PYMNTS

JULY 15, 2020

CommerceHub did not immediately respond to a request for comment, Bloomberg said, noting no final decisions have been made. The company could engender takeover interest, as many highly-coveted firms do. And the value could be targeted as high as $3 billion, one of the sources reportedly said.

Request for Comment 66

Request for Comment Technology Consumer 66

PYMNTS

NOVEMBER 13, 2020

Attorneys for the two former executives did not immediately reply to a request for comment. “The Commission will continue to hold responsible not only the senior executives who make false and misleading statements, but also those who certify to the accuracy of misleading statements despite warnings to the contrary.”.

Request for Comment 92

Request for Comment Settlement Authorization NOV 92

PYMNTS

JUNE 24, 2020

Blackstone, Adevinta, Prosus and H&F turned down a request for comment by the outlet, while Permira did not instantaneously return reply to queries for a reply.

Request for Comment 56

Request for Comment Returns Participant Finance 56

PYMNTS

MAY 22, 2020

Representatives for Adevinta, Axel Springer, Blackstone, KKR, Naspers and Permira declined to comment. Spokespeople for eBay and Hellman & Friedman didn’t immediately respond to requests for comment.

Request for Comment 56

Request for Comment Finance Transactions Digital Payments 56

PYMNTS

FEBRUARY 11, 2020

Neither Google nor Fitbit have responded to requests for comment. Australian authorities are looking into the matter, though no serious action will be taken until both companies file with their watchdog officials.

Privacy 72

Privacy Request for Comment Regulations Authorization 72