CFPB seeks to end open banking case
Payments Dive
JUNE 2, 2025
The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn't be considered lawful.
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Payments Dive
JUNE 2, 2025
The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn't be considered lawful.
Cardfellow
JUNE 16, 2025
You’ll have to follow applicable rules as well. It is acceptable for you to set a minimum charge on credit card purchases as long as you abide by the stipulations as set forth in your processing agreement with Visa, Mastercard and Discover. The longer answer is that it depends on the type of card. Credit cards: Yes.
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EBizCharge
JUNE 25, 2025
Between card network rules, signage requirements, and state regulations, there’s a lot to keep track of. This article walks you through what credit card surcharge compliance really means and provides a practical checklist to help your business stay on the right side of the rules. Here are three important rules to be aware of: 1.
EBizCharge
JUNE 27, 2025
This guide will walk you through the basics of credit card surcharging in Canada, from legal background and card network rules to disclosure requirements and best practices. In Canada, the answer is yes—but with some rules and responsibilities attached. That’s where surcharging comes in. Can I surcharge in Canada?
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.
Payments Dive
JUNE 20, 2025
By Patrick Cooley • July 25, 2024 Justin Sullivan via Getty Images Visa CEO ‘strongly’ disagrees with class settlement ruling The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.
Payments Dive
JUNE 30, 2025
antitrust law — seemingly make Visa and Mastercard “highly motivated to settle,” he said. “If A settlement can occur at any point before, during or even after the trial,” Visa CEO Ryan McInerney told investors in a conference call last July, discussing the agreement that Brodie rejected. “So, Distracted jurors Ha d the trial begun Oct.
EBizCharge
JUNE 30, 2025
The goal of this structure is to allow merchants to benefit from free credit card processing for small businesses or free online credit card processing for small businesses by shifting the expense in a way that’s transparent and compliant with card brand rules. And it’s not just state laws you need to worry about. What’s the catch?
Finextra
JUNE 23, 2025
By passing this law, U.S. It classifies payment stablecoin issuers as regulated financial institutions, pulling them firmly under anti-money laundering and consumer protection rules. By transforming stablecoins from a wild experiment into a tightly supervised financial product, the law paves the way for broader adoption.
Stax
NOVEMBER 14, 2024
The cardholder is responsible for paying back that amount in accordance with their credit card agreement. The bank will typically ask for proof of purchase from the merchant and use this proof to make an ultimate ruling on the chargeback. Issuing banks pay acquiring banks for the purchases their cardholders make.
The Payments Association
FEBRUARY 10, 2025
Voices from the industry Virtual IBAN regulations are evolving as regulators tighten AML compliance, data protection, and cross-border payment rules. To navigate diverse vIBAN regulations, PSPs should establish a global compliance framework adaptable to local laws.
The Payments Association
MARCH 18, 2025
Unlike open finance, which typically operates within regulated frameworks, open data relies heavily on voluntary data sharing and commercial agreements. In the United States, open banking has developed through private-sector initiatives, with banks, fintechs, and data aggregators forming bilateral agreements to enable financial data-sharing.
Payments Dive
JUNE 20, 2025
By Patrick Cooley • July 25, 2024 Justin Sullivan via Getty Images Visa CEO ‘strongly’ disagrees with class settlement ruling The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.
Payments Dive
JUNE 24, 2025
antitrust law. ATM operators, including Just ATMs and Cabe & Cato, that used Visa or Mastercard routing to process transactions were bound by the networks’ access fee rules, according to the complaint. A federal circuit court upheld Leon’s class ruling in July 2023. million settlement for the ATM operators and consumers.
Finovate
JANUARY 24, 2025
The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. What makes the EU AI Act stand out is its risk-based approach.
Payments Dive
JULY 14, 2025
Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Connecticut enacts controversial EWA law The state’s governor signed a measure last week that some earned wage access providers opposed.
Nanonets
OCTOBER 27, 2024
A safeguard wrapped in lines and rules, Ensuring that I follow tools. "Protect A safeguard wrapped in lines and rules, Ensuring that I follow tools. "Protect Social and Community Responses: In the absence of formal laws, communities may take it upon themselves to address the crime. “ Where can I buy a GUN?
Payments Dive
JULY 14, 2025
Existing laws tailored to traditional finance don’t quite fit crypto. Mersinger noted that regulating the industry with the laws already in place has “created ambiguity,” thus limiting innovation and pushing changemakers to other jurisdictions with clearer crypto rules. Please select at least one newsletter.
Fintech News
OCTOBER 6, 2024
Switzerland and the United Kingdom signed an agreement to create more efficient and globally competitive conditions for cross-border trade in financial services with the new “Berne Financial Services Agreement” (BFSA). The agreement requires approval by the parliaments of both countries before it can enter into force.
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.
PYMNTS
JANUARY 13, 2019
All India Online Vendors Association, a trade group representing online merchants in India, vowed to appeal a ruling by the Competition Commission of India that favored Flipkart , the eCommerce company owned by Walmart. Chanakya Basa, a lawyer for All India Online Vendors, said it will appeal the ruling.
PYMNTS
DECEMBER 26, 2018
The Indian government has made new rules for websites like Amazon and Flipkart and changed how they’re allowed to sell goods in the country, according to reports. Under the new rules, which go into effect on Feb. Also, the companies can’t have exclusive agreements with sellers. A petition was also filed against Flipkart.
PYMNTS
NOVEMBER 26, 2019
Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . Wayfair ruling have made tax compliance challenges highly visible. This resulted in the Streamlined Sales and Use Tax Agreement (SSUTA). . Where SSUTA Does — and Does Not — Ease Remote Sales Tax Compliance .
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. She also noted that Epic chose to breach its agreement with Apple with the result that Apple excluded Fortnite from the App Store. A federal judge Friday (Oct.9)
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.
PYMNTS
MARCH 6, 2019
It is disappointing that you have a law … changed that quickly, but we have made the adjustments and are moving forward,” he said. The regulations additionally stopped eCommerce outfits from entering into exclusive agreements about product sales. The new eCommerce rules took effect on Feb. billion people in India. .
PYMNTS
DECEMBER 6, 2018
A European Parliament committee voted in favor of making the law stronger. The proposed legislation would also give authorities more power to punish rule breakers, and include a blacklist of unfair trading practices. based ACT | The App Association, app makers’ leading industry body, said the law would be detrimental to his industry.
PYMNTS
AUGUST 5, 2020
Uber’s work during the pandemic has included an agreement to provide health agencies with contact tracing data, meaning the ways of tracking those who have tested positive for the coronavirus and anyone they might have come into contact with. The service aims to help healthcare officials reach infected people and ask them to quarantine.
Payment Savvy
MAY 11, 2023
Visa has a set of rules and regulations that govern the use of its payment network, and these rules and regulations are subject to change from time to time. In this article, we will discuss the recent visa rule changes and how they impact you. Merchants who accept Visa payments must comply with the Visa merchant rules.
Electronic Payments Coalition
MARCH 26, 2024
EPC STATEMENT: WASHINGTON – Electronic Payments Coalition (EPC) Executive Chairman Richard Hunt issued the following statement regarding the impact the interchange lawsuit agreement between U.S. Congress should put an end to the ill-advised Durbin-Marshall mandates and let the agreement merchants reached stand on its own.”
FICO
SEPTEMBER 20, 2017
New rules from the UK’s Financial Conduct Authority could require new forms of communications aimed at raising awareness with consumers, increasing transparency and tackle the issue of persistent debt across the UK. FICO clients are using this functionality today to send, receive and sign agreements on the consumer’s mobile phone.
PYMNTS
AUGUST 26, 2016
Wells Fargo , Advanced Micro Devices (AMD) and Fifth Third Bank have reportedly struck settlement agreements with former employees that may have run afoul of U.S. whistleblower protection laws. That includes via confidentiality agreements. A SEC spokeswoman declined to comment.
PYMNTS
JULY 1, 2020
Crypto payments will be valid so long as the fee agreement is “fair and reasonable” and the lawyer can safeguard the virtual property, the opinion states, so as to acknowledge the sometimes turbulent nature of cryptocurrencies. .” Washington D.C.
Payments Source
APRIL 7, 2017
The California Supreme Court ruled Thursday that a provision in an arbitration agreement is invalid if it tries to waive a consumer’s right to stop future violations of laws.
PYMNTS
SEPTEMBER 18, 2018
Those reports speculated about the dollar amount of the settlement — and some possible limits to structural changes in agreements between the card giants and merchants — in the wake of a Supreme Court ruling in June that ruled American Express’ business model and anti-steering provisions were legal. If finalized, the $6.2
PYMNTS
DECEMBER 28, 2018
Under new rules imposed by the Indian government, eCommerce companies like Walmart-owned Flipkart Group and Amazon, will no longer be able to sell merchandise from companies in which they have an equity interest, or form exclusive agreements with sellers.
PYMNTS
NOVEMBER 22, 2019
Wayfair ruling allowed counties, states and municipalities to pass laws to tax out-of-state sellers and the eCommerce marketplaces that serve them, but the ruling did not disclose specifications on what such laws must look like. The 2018 South Dakota v. Wayfair case. Find the Deep Dive in the Tracker. About The Tracker .
PYMNTS
MAY 6, 2016
The CFPB is moving toward a rule change that will make it much easier for consumers — or more specifically groups of consumers — to take banks and other financial institutions to court as part of class action lawsuits. The new rules got its first official public hearing yesterday. It’s official.
PYMNTS
FEBRUARY 20, 2020
Because of the change, data and privacy will leave the data of tens of millions of people under less protection, and it will be subject to more scrutiny by British law enforcement. to sign new terms of service agreements, people familiar with the matter told Reuters. may also end up negotiating a broader trade agreement.
PYMNTS
OCTOBER 24, 2019
Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. The attorney general said that Kansas’ economic nexus policy conflicted with the model established in the Wayfair ruling.
Stax
MAY 20, 2024
What accounting rules do subscription businesses need to abide by in order to stay compliant with global standards? Identify the contract with the customer Under ASC 606, a contract refers to any agreement between two parties that is verbal, written, or implied. So, what differentiates ‘earned’ versus ‘unearned revenue’?
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. Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit. Big Tech Could Face Penalties Under Potential UK Law on Illicit Content.
PYMNTS
APRIL 15, 2019
Under the new rules, Google and other online platforms have to ink licensing agreements with musicians, performers, news publishers, authors and journalist to use their content. Google argued the new rules would harm the creative and digital economies in Europe.
PYMNTS
JANUARY 27, 2020
Mulvaney told a banking conference that, in contrast to standards that define “unfair” and “deceptive” practices, “to my knowledge, I don’t think ‘abusive’ is nearly as well-established in the law. … However, nearly a decade after the act became law, uncertainty remains as to the scope and meaning of abusiveness.
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