PYMNTS

MAY 1, 2017

As a former Obama nominee, Brill previously served as a commissioner for the FTC since 2010. In addition to Brill’s former government experience, Brill served in North Carolina and Vermont’s Department of Justice in their Consumer Protection and Antitrust divisions.

FTC 43

FTC Privacy Consumer Protection Legal 43

Fintech News

FEBRUARY 26, 2024

The Bank of International Settlements reported that over the past decade and a half, fintechs have collectively raised over US$1 trillion in equity globally since 2010. But the noticeable decline in fintech investment — halved from US$140.8 billion in 2021 to US$77.5

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FinTech Consumer Financial Inclusion On-Demand 143

PYMNTS

FEBRUARY 11, 2020

The FTC is investigating Apple, Amazon, Facebook, Alphabet and Microsoft over antitrust implications, and it recently asked the companies to turn over information regarding takeovers of smaller companies between the years of 2010 and 2019.

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FTC Federal Trade Commission Consumer Protection Privacy 53

Finovate

JULY 24, 2024

These shifts have caused companies to focus on sustainable growth and profitability, rather than the aggressive growth-at-all-costs mentality that was common from 2010 to 2019. Regulation As expected, the regulatory landscape has tightened significantly so far this year. In the U.S.,

Checks 59

Checks FinTech Embedded Finance CFPB 59

The Fintech Times

OCTOBER 7, 2024

The Bill, which would insert the SPF into the Competition and Consumer Act 2010, is expected to be introduced to the federal parliament in November. The Australian government proposes, beginning with banking, telecommunication providers and digital platform services, it will implement new mandatory and comprehensive scam obligations.

Scams 52

Scams FinTech Laws AML 52

PYMNTS

MAY 8, 2017

government agency, authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act passed in 2010 under the Obama administration, and its director Richard Cordray have been criticized for overextending their authority. “We The controversial U.S.

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CFPB Consumer Financial Protection Bureau (CFPB) Authorization Consumer Protection 48

PYMNTS

MARCH 8, 2016

On Monday (March 7), the president met with Federal Reserve Chair Janet Yellen and other top regulators at the White House to discuss the progress of their attempt to rein in banks and trading firms with the Dodd-Frank Wall Street Reform and Consumer Protection Act , which was signed into law back in 2010.

Federal Reserve 40

Federal Reserve Regulations Consumer Protection Laws 40

PYMNTS

MAY 26, 2017

According to the NRF the repeal of swipe fee reform would have come as part of the Financial Choice Act, a broad based bill that would roll back banking regulations established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Debit Card 40

Debit Card Returns Consumer Protection Economy 40

PYMNTS

JANUARY 19, 2017

The Consumer Financial Protection Bureau (CFPB) announced yesterday (Jan. The CFPB suit alleges that Navient, formerly part of Sallie Mae, has been in violation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fair Credit Reporting Act and the Fair Debt Collections Practices Act.

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CFPB Consumer Financial Protection Bureau (CFPB) Enrollments Consumer Protection 40

PYMNTS

FEBRUARY 3, 2020

Separately, late last week, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Citizens Bank. The suit, filed in Rhode Island, alleges that Citizens Bank violated federal consumer protection laws during the period between 2010 to 2016.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB Digital Currency Central Bank 52

PYMNTS

JANUARY 24, 2017

The CFPB suit alleges that Navient, formerly part of Sallie Mae, has been in violation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Fair Credit Reporting Act and the Fair Debt Collections Practices Act.

CFPB 40

CFPB Enrollments Rules Consumer Protection 40

PYMNTS

MAY 30, 2018

The Economic Growth, Regulatory Relief and Consumer Protection Act loosened some of the regulations on small financial institutions, including community banks whose customers included many small businesses.

Underwriting 46

Underwriting Small Business Federal Reserve Community Banks 46

Payment Savvy

JULY 21, 2020

Telephone Consumer Protection Act (TCPA) – Regulates how a collection agency can reach out to a debtor via voice calls, SMS texts, and fax. Fair Credit Reporting Act (FCRA) – Promotes the accuracy and privacy of consumer information disclosed by consumer reporting agencies.

Privacy 52

Privacy Best Practices Accounts Rules 52

Payment Savvy

OCTOBER 13, 2020

Since 2010, we have been our merchants’ eyes and ears to ensure your payment portal is the most secure and advanced on the marketplace today. . Experience the Payment Savvy difference. The post Top 5 PCI Compliance Myths appeared first on My Payment Savvy.

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Compliance Compromise Processors Process 52

PYMNTS

APRIL 1, 2020

This is thanks to a 2010 federal law known as the Durbin Amendment, which requires that merchants be able to select from at least two unaffiliated networks through which they can route their transactions.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

PYMNTS

JUNE 10, 2019

Basel III regulations, which were agreed upon in 2010 and set to be fully in effect by 2027, imposed stricter capital requirements on financial institutions that some critics argued stifled FIs’ ability to provide loans to small and medium-sized businesses (SMBs).

Small Business 40

Small Business Regulations Federal Reserve Fed 40

CB Insights

JUNE 5, 2018

In order to incentivize customers to use credit cards, issuing banks offer a slew of rewards programs, consumer protection services, and other perks. Perks attract consumers to buy on credit, and banks profit from interchange fees. The above begs the question: why are credit cards so widely used if merchants have to pay so much?

Online and Mobile Banking 68

Online and Mobile Banking Debit Card Credit Cards Payment Gateways 68

PYMNTS

OCTOBER 14, 2016

Takach suggested that the general legal rules of libel, taxation, securities and regulations, originally applied to internet models, apply to cryptocurrencies now, and regulations to prevent terrorist financing, privacy rules and consumer protection can be created based on internet-related precedents.

Bitcoin 77

Bitcoin Blocks Central Bank Digital Currency 77

Global Fintech & Digital Assets

NOVEMBER 1, 2023

A recent report by the Alan Turing Institute scrutinised the potential risks and benefits associated with the use of AI in financial services.Some of the key risks identified include: Consumer Protection: AI has the potential to be used to assist in better understanding customers’ needs and characteristics.

AI 52

AI Regulations Financial Crimes Governance 52

Open Banking Excellence

MARCH 24, 2025

The implementation of Section 1033 of the Dodd-Frank Act , the 2010 post financial crisis legislation ushered-in to bring greater consumer protections in financial services, is set to jump start the U.S. Open Banking ecosystem into action. is something we are closely monitoring.

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CFPB Rules API Non-Bank 130

PYMNTS

JANUARY 24, 2017

The now-sitting Trump administration has made no secret that it is no fan of the Dodd-Frank legislation that enables the Consumer Finance Protection Bureau to exist, and the Bureau itself has drawn the critical ire of the new President.

CFPB 40

CFPB Underwriting Enrollments Consumer 40

FICO

JANUARY 4, 2018

While there have been more wide-sweeping proposals introduced in Congress during the past six years, this bill provides a range of changes to the 2010 law that include providing relief to small and mid-size banks. While a court decision is long overdue, does anyone believe that it won’t be issued in 2018?

Regulations 53

Regulations CFPB Rules Treasury 53

FICO

JULY 17, 2017

In June, the House adopted, along a party line vote, the Choice Act, which aims to make broad changes to the 2010 Dodd-Frank statute. Many are also optimistic that new FCC leadership will result in much-needed reform in the area of Telephone Consumer Protection Act (TCPA).

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Consumer Financial Protection Bureau (CFPB) CFPB Office of the Comptroller of the Currency Financial Crimes 40