Fintech News

FEBRUARY 21, 2024

The Indonesian Financial Services Authority (OJK) is closely monitoring Investree , a fintech peer-to-peer lending platform, following public reports of potential operational and consumer protection violations. The OJK has previously imposed administrative sanctions on the platform due to these issues.

Law Enforcement 120

Law Enforcement Audit Authorization Consumer Protection 120

PYMNTS

SEPTEMBER 30, 2020

It would instead offer payment companies a national servicing platform to replace the regime of state regulations such firms would be subject to under existing laws. But last fall, a federal appeals court questioned the OCC’s authority to issue such a charter. However, the banking industry doesn’t like that one bit. “We

Office of the Comptroller of the Currency 139

Office of the Comptroller of the Currency OCC Non-Bank Regulations 139

Fintech News

MARCH 31, 2024

The Indonesian Financial Services Authority (OJK) has issued a new mandate requiring all financial institutions introducing new products and services, including those related to crypto assets, to participate in a regulatory sandbox.

Consumer Protection 113

Consumer Protection Risk Management Regulations Legal 113

Fintech News

FEBRUARY 27, 2024

The Hong Kong Monetary Authority (HKMA) proposed stablecoin legislation , driving innovation with projects like the tokenised green bond and the e-HKD pilot. This bill , among other changes, entails the transfer of regulatory authority for cryptocurrencies from Bappebti, the commodities regulator, to OJK, the securities regulatory body.

APACS 129

APACS Regulations Stablecoins Cryptocurrency 129

Fintech News

APRIL 3, 2025

Regulators are stepping in to impose stricter consumer protection measures, aiming to curb overspending and prevent debt traps. However, as scrutiny intensifies, questions remain on whether stricter lending laws will be introduced. It sets standards to reduce debt risks and protect users.

BNPL 112

BNPL Regulations Accreditation Consumer Protection 112

Fintech News

JANUARY 21, 2025

The Financial Services Authority ( OJK ) of Indonesia has issued a new regulation to govern Alternative Credit Ratings (PKA), also known as Innovative Credit Scoring (ICS). The regulation outlines the framework for PKA operations, including institutional requirements, governance, data security, and consumer protection.

Regulations 90

Regulations Consumer Protection Compliance Governance 90

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate existing legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Laws 47

Laws FinTech Money Laundering Interoperability 47

Global Fintech & Digital Assets

OCTOBER 31, 2023

Licensees, exchanges, and other market participants should prepare to comply with the listing, disclosure, capital, and other requirements that the new law imposes. By Jenny Cieplak , Nima Mohebbi , Parag Patel , Stephen P. The DFPI may also impose fines of up to $20,000 for each day of violation.

Laws 52

Laws Stablecoins Issuers Legal 52

PYMNTS

AUGUST 4, 2016

A spokeswoman from the European Commission told Reuters that national authorities are responsible for enforcing the EU’s rules pertaining to data and consumer protection. The lack of transparency cannot be the rule,” Tarabella said.

Laws 41

Laws Law Enforcement Rules Authorization 41

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate exiting legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework.

Laws 40

Laws FinTech Money Laundering Interoperability 40

PYMNTS

MARCH 20, 2020

The regulator will have the authority to request information from tech firms and also enforce other Indian laws aimed at consumer protection and fair competition, the sources said. The move aligns with laws passed in 2019 that tech firms like Amazon and Walmart’s Flipkart are having trouble complying with.

Rules 73

Rules Law Enforcement Laws Regulations 73

EBizCharge

MARCH 14, 2025

These steps should include instructions on where and how to return an item, whether by mail or in-store, and any necessary return authorization forms or labels. Defective Goods: If an item is damaged or defective, please contact our support team for a Return Authorization within 7 days of receipt.

Returns 52

Returns Disputes Legal Non-Bank 52

The Fintech Times

JANUARY 31, 2025

Thawani made history in 2020 by becoming the first non-banking financial entity to receive a fintech licence from the CBO, marking a significant milestone in Omans fintech journey.

FinTech 64

FinTech Non-Bank Legal Framework Central Bank 64

Segpay

MARCH 24, 2025

This article will help you gain a better understanding of gaming and gambling laws in Down Under. USA: Stricter data-sharing laws, including the Gramm-Leach-Bliley Act (GLBA) and inter-agency reporting for suspicious activity over $3,000 USD. What are the Implications for Payment Companies (PSPs, PayFacs, etc)?

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

PYMNTS

OCTOBER 16, 2020

The Competition and Markets Authority has been investigating hidden advertising on Instagram over concerns that too many social media influencers are posting content about businesses without making clear where they have been paid or incentivized to do so, and that the platform was not doing enough to tackle the problem,” the announcement explains.

Posting 85

Posting Laws Regulations Consumer Protection 85

Segpay

DECEMBER 13, 2024

These pioneering laws represent the first significant initiatives by governments to establish regulations that protect individuals’ data, aiming to give people more control over how their information is collected, processed, and stored. Fines for non-compliance can range from $2,500 to $7,500 per violation.

Privacy 105

Privacy Compliance CCPA Authentication 105

Fintech News

FEBRUARY 21, 2024

These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations. The Monetary Authority of Singapore (MAS) played a pivotal role in shaping a safer and more innovative environment for digital assets.

Crime 109

Crime Ransomware Scams Romance Scams 109

PYMNTS

SEPTEMBER 30, 2016

The small nation made a push in support of FinTech innovation by reforming its payment laws. Singapore’s financial authority said it will look to consolidate existing legislation related to payment systems, stored value facilities and remittance businesses in order to create a new combined regulatory framework. “A

FinTech 76

FinTech Money Laundering Interoperability Authorization 76

The Fintech Times

NOVEMBER 27, 2024

The Financial Conduct Authority (FCA) has unveiled a roadmap outlining key dates for the development of its ‘crypto regime’, as it aims to introduce a clear regulatory framework for the UK’s crypto industry. Louise Abbott , crypto partner at London-based Keystone Law , makes some recommendations. They need to work.”

Regulations 112

Regulations Stablecoins Risk Consulting 112

PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.

Office of the Comptroller of the Currency 68

Office of the Comptroller of the Currency Stablecoins Fraud Prevention OCC 68

PYMNTS

MARCH 19, 2019

We attorneys general have authority under consumer protection acts to do both,” said Mississippi Attorney General Jim Hood, according to CNBC , on Monday (March 18). “So It’ll either be in Congress or in a court of law,” he said. “If At some point in the future, there will be a reckoning.

Settlement 62

Settlement Consumer Protection Regulations Privacy 62

PYMNTS

JULY 21, 2020

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to combat coronavirus-related fraud, including sending warning letters and trying to educate customers on how to spot a scam, according to a press release.

FTC 56

FTC Federal Trade Commission Scams Law Enforcement 56

Stax

JANUARY 15, 2024

Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. Be sure to understand federal laws, state regulations, and international standards to sidestep potential legal issues. Surcharging restrictions for multi-location businesses can get confusing. ​​In Enter the PCI DSS compliance.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

NFCW

NOVEMBER 27, 2023

“The CFPB has found that this blurring can put consumers at risk, especially when the same traditional banking safeguards, like deposit insurance, may not apply,” the bureau says.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Rules CFPB Consumer 52

Segpay

MAY 5, 2025

The Financial Conduct Authority (FCA) has taken a principles-based approach , focusing on financial stability, consumer protection, and market integrity, rather than prescribing rigid rules for each type of digital asset.

Compliance 52

Compliance Regulations Stablecoins AML 52

PYMNTS

OCTOBER 3, 2019

Two years ago, Chairman Jerome Powell told conference attendees at Yale Law School that digital currencies issued by a central bank would become global targets for cyberattacks, cyber counterfeiting and cybertheft. I do think it is something around digital currency,” he said.

Digital Currency 55

Digital Currency Fed Federal Reserve Central Bank 55

PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. France is a precursor.

Regulations 57

Regulations Cryptocurrency Digital Currency Rules 57

Fintech News

FEBRUARY 10, 2025

In 2024, law enforcement traced a series of cryptocurrency transactions to local hawala networks, which facilitated money transfers between terrorist cells. This shift has made it increasingly difficult for authorities to freeze illicit funds in real time. Source: TRM Lab’s 2025 Crypto Crime Report USD $2.2 billion globally.

Crime 79

Crime Ransomware Scams Phishing 79

PYMNTS

MAY 8, 2019

We will need to determine whether certain contract terms and business practices constitute a violation of the law.” . “The FTC is the sole federal regulator and enforcer in the non-bank small business financing marketplace.

FTC 60

FTC Federal Trade Commission Small Business Regulations 60

The Payments Association

MAY 16, 2025

A 2024 joint survey by the Bank of England (BoE) and the Financial Conduct Authority (FCA) found that 72% of UK-regulated firms are actively using or piloting AI and machine learning toolsan increase from 67% in 2022. Failure to do so can lead to accusations of unfair treatment, discrimination, or even breaches of consumer protection laws.

Compliance 88

Compliance AI Risk Audit 88

Fintech Review

MAY 1, 2025

Businesses must also demonstrate governance, risk management , and consumer protection from day one. Data privacy laws such as GDPR and CCPA impose strict obligations around consent, security, and user rights. It is no longer enough to innovate. They are foundational requirements for sustainable growth.

Compliance 59

Compliance Regulations FinTech Payment APIs and Integration 59

PYMNTS

MARCH 7, 2017

To be clear, the National Bank Act does give the OCC the legal authority to grant national bank charters to companies engaged in the business of banking,” Murray told the conference. Vullo wrote that the OCC “should not use technological advances as an excuse to attempt to usurp state laws that already regulate fintech activities.”.

OCC 40

OCC FinTech Non-Bank Laws 40

Stax

DECEMBER 9, 2024

The transaction details, including the purchase amount, are transmitted to the merchant’s acquiring bank for authorization. Authorization and Settlement The acquiring bank, upon receiving the transaction details, verifies the availability of funds in the consumer’s credit card account.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

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.

CFPB 48

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

The Fintech Times

JULY 31, 2024

The evolving nature of fintech regulations requires platforms to be agile, constantly updating their compliance strategies to align with new laws and guidelines. “Adhering to stringent data protection laws is a primary challenge.

Compliance 64

Compliance AML Regulations Due Diligence 64

PYMNTS

DECEMBER 1, 2017

It also revived a claim under a New York state consumer protection law. Capital One illegally extracted overdraft fees for purchases that were made when consumers had enough funds in their accounts.”. Circuit Court of Appeals in Manhattan said today that a lower court judge was wrong to dismiss a breach of contract claim.

Request for Comment 46

Request for Comment Available Balance Deposit Account Authorization 46

Neopay

MAY 7, 2024

The Financial Conduct Authority (FCA) is proposing significant updates to its Financial Crime Guide. The FCA is also looking to incorporate references to cryptoassets and the Consumer Duty, alongside consequential adjustments throughout the guide. However, the proposed changes don’t stop there.

Financial Crimes 52

Financial Crimes Crime Risk Assessment Money Laundering 52