Finextra

FEBRUARY 9, 2024

The emergence of Variable Recurring Payments (VRPs) marks a significant milestone in the realm of op.

Consumer Protection 59

Consumer Protection Consumer Payments 59

PYMNTS

JULY 23, 2020

Axios reported the investigation is examining Apple’s possible use of deceptive trade practices that may have broken consumer protection laws. Texas Attorney General Ken Paxton is leading a multi-state probe against Apple Inc. While details of the inquiry are unclear, the probe may lead to the latest lawsuit against Apple.

Consumer Protection 63

Consumer Protection Consumer Laws Legal 63

PYMNTS

JANUARY 23, 2020

Parliament’s Internal Market and Consumer Protection Committee issued a resolution Thursday (Jan. 23) that will put rules into place to address the challenges of fast-developing artificial intelligence and automated decision-making technology.

Consumer Protection 52

Consumer Protection AI Automation Consumer 52

The Paypers

DECEMBER 20, 2023

The Payment Systems Regulator (PSR) has confirmed new reimbursement requirements in a final publication ahead of 2024.

Consumer Protection 41

Consumer Protection Consumer Regulations Payments 41

The Payments Association

AUGUST 7, 2024

The PSR's July 2024 report on APP scams highlights growing fraud sophistication and the challenges for financial institutions, stressing the need for improved regulations and consumer protection. Read more

Scams 100

Scams Consumer Protection Regulations Consumer 100

The Payments Association

AUGUST 14, 2024

Regulatory changes in BNPL, cVRPs, and digital wallets aim to boost e-commerce innovation and competition while safeguarding consumer protection and market stability. Read more

BNPL 88

BNPL Consumer Protection Payments Innovation 88

The Payments Association

JUNE 20, 2024

million lost in early 2023, prompting calls for stronger consumer protections. APP fraud is surging, with UK Finance reporting £42.6 Read more

Regulations 88

Regulations Consumer Protection Security FinTech 88

The Payments Association

JUNE 7, 2024

The Consumer Rights Act 2015 aimed to unify UK consumer protections, but rapid digital advances in banking have necessitated a stronger focus on fraud protection. Read more

Consumer Protection 88

Consumer Protection Consumer Compliance Regulations 88

Payments Dive

MAY 21, 2024

“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.

CFPB 97

CFPB Credit Cards BNPL Consumer Protection 97

The Payments Association

MAY 7, 2024

With the UK's financial watchdogs set to establish a regulatory regime for stablecoins, payment service providers must brace for stringent new standards in operations, redemptions, audits, and consumer protection. Read more

Stablecoins 88

Stablecoins Audit Consumer Protection Service Provider 88

Bank Automation

AUGUST 23, 2024

The Consumer Financial Protection Bureau has once again made it clear that new AI- and machine learning-based technologies are held to the same consumer protection regulations as established technologies.

AI 63

AI CFPB Consumer Protection Laws 63

Payments Dive

OCTOBER 2, 2023

The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.

Agreements 103

Agreements FDIC Consumer Protection Laws 103

Fintech News

JUNE 5, 2024

The new laws aim to balance consumer protection with innovation and competition. Stephen Jones Assistant Treasurer and Minister for Financial Services, Stephen Jones MP, emphasised the government’s commitment to consumer protection. ” “The government is working hard to protect consumers against financial harm.

Regulations 113

Regulations BNPL Product Consumer Protection 113

Payments Dive

OCTOBER 31, 2022

Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection.”

Zelle 131

Zelle CFPB Funds Transfer Consumer Protection 131

The Fintech Times

DECEMBER 19, 2023

The focus is now on introducing limited and proportional regulation while considering BNPL services as a cost-effective means for consumers to access flexible credit. The proposed changes aim to strike a balance between consumer protection and fostering innovation within the BNPL sector.

BNPL 113

BNPL Regulations Finance Consumer Protection 113

Fintech News

MARCH 20, 2024

A second product, named “Shopping Secure,” is slated for release in the second quarter of the year, aiming to further extend consumer protection measures.

BNPL 109

BNPL Embedded Finance Consumer Protection Financial Inclusion 109

Payments Source

SEPTEMBER 24, 2020

But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation. The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard.

Regulations 144

Regulations OCC Consumer Protection FinTech 144

Fintech News

APRIL 28, 2024

This distinction, effective from 1 May 2024, allows consumers to easily recognise these accredited providers, signaling their compliance with the stringent standards set out in the BNPL Code of Conduct. Buy Now, Pay Later Accredited Trustmark The trustmark signifies a commitment to responsible lending and consumer protection.

BNPL 109

BNPL Compliance Accreditation Consumer Protection 109

Finextra

JULY 4, 2024

Technology must be embedded in the customer journey to allow instant payments to take off, and consumer protection must also be prioritised so that the experience is akin to card payments.

Instant Payments 59

Instant Payments Consumer Protection Payments Consumer 59

The Fintech Times

JANUARY 14, 2024

The American Fintech Council (AFC), the industry association representing responsible fintech companies and innovative banks, offered testimony before the Washington State House Committee on Consumer Protection and Business recommending key amendments to legislation recently introduced. Earned wage access or loan?

Regulatory Compliance 64

Regulatory Compliance Consumer Protection Compliance Regulations 64

Payments Dive

MARCH 21, 2022

A report this month from the organization outlines a litany of complaints about buy now-pay later, such as hidden fees, and suggests the industry is trying to evade consumer protection laws.

BNPL 97

BNPL Consumer Consumer Protection Laws 97

Clearly Payments

MARCH 11, 2024

Focus on Consumer Protection: The government seems more focused on consumer protection and staying informed about the evolving crypto landscape. This means capital gains taxes apply when you sell crypto for a profit. The Proceeds of Crime and Terrorist Financing Act (PCMLTFA) also applies to cryptocurrency transactions.

Cryptocurrency 104

Cryptocurrency Financial Inclusion Consumer Protection Payments 104

Fintech News

JULY 21, 2024

Key improvements to the regulations include enhanced institutional frameworks, risk management, governance, and consumer protection, with a focus on bolstering support for the productive sector.

P2P 114

P2P Caps Consumer Protection Risk Management 114

Neopay

AUGUST 15, 2024

Consumer protection and market integrity: Whether the growing adoption of digital wallets poses any significant risks to consumer protection or market integrity, both now and in the future.

Consumer Protection 52

Consumer Protection Regulations Authorization Assessments 52

The Fintech Times

AUGUST 14, 2024

” AFC also explained that it recognises the ‘essential’ role of existing consumer protections and governance structures in safeguarding consumer privacy and managing third-party risk.

Treasury 69

Treasury AI Innovation FinTech 69

The Paypers

JULY 16, 2024

Poland's antitrust and consumer protection authority, UOKiK , has fined PayPal Europe USD 27.3 million for inadequately detailing activities subject to penalties in its contractual clauses.

PayPal 36

PayPal Consumer Protection Authorization Consumer 36

Finextra

MARCH 20, 2024

Chubb, a world leader in insurance, and Atome, one of Southeast Asia’s leading digital financial services platforms, today announced a regional partnership to help drive consumer protection across Southeast Asia.

Consumer Protection 52

Consumer Protection Product Consumer 52

Fintech News

MAY 5, 2024

Announced by Dr Daranee Saeju, Assistant Governor, Payment Systems Policy and Financial Consumer Protection Group, Bank of Thailand at the recent Money20/20 Asia event in Bangkok, this move aims to enhance the speed and security of international transactions.

Cross-Border 122

Cross-Border Cross-Border Payments Payment Networks Consumer Protection 122

Finextra

FEBRUARY 13, 2024

The FCA recently unveiled new consumer protection guidelines that signal a major shift in credit dat.

Consumer 52

Consumer Consumer Protection 52

Fintech News

JULY 23, 2024

Alessio Quaglini “The Monetary Authority of Singapore upholds rigorous regulatory standards that balance fostering innovation with ensuring consumer protection. said Calvin Shen, Managing Director, Hex Trust. ” said Alessio Quaglini, Co-Founder and CEO of Hex Trust Group.

Payments 117

Payments Consumer Protection Authorization On-Demand 117

Finovate

AUGUST 26, 2024

“Together, we aim to improve consumer protection and help companies navigate an increasingly complex regulatory environment.” . “We’re thrilled to partner with Themis, the leading GRC platform for banks and fintechs, to offer Sei’s Marketing Compliance AI agent,” Sei founder Pranay Shetty said.

Compliance 111

Compliance AI Regulatory Compliance Consumer Protection 111

Neopay

JUNE 24, 2024

The main areas of cross-sectoral focus included joint risk assessment, sustainable finance, digitalisation, consumer protection, securitisation, financial conglomerates, and central clearing. Consumer Protection and Financial Innovation Consumer protection remained central to cross-sectoral work in 2023.

Legal Framework 40

Legal Framework Financial Literacy Consumer Protection Risk Assessment 40

Neopay

MARCH 22, 2024

Rathi emphasised the FCA’s commitment to supporting the financial sector’s role in the UK’s economic growth while safeguarding consumers and market integrity. The FCA’s strategy revolves around 13 commitments focusing on preventing harm, setting higher standards, and promoting competition.

Consumer Protection 52

Consumer Protection Regulatory Compliance Compliance Regulations 52

The Fintech Times

JULY 15, 2024

We welcome the opportunity to provide feedback to ensure the interpretive guidance increases consumer protection without limiting competition or innovations that provide greater choice and transparency for consumers.” “We are encouraged by the work the CFPB has done to better understand the BNPL industry.

BNPL 64

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

Fintech News

FEBRUARY 27, 2024

The Act is notably focused on consumer protection, imposing stringent penalties for market misconduct and manipulation. As we look towards 2024, the dual focus on fostering growth in the digital asset sector while ensuring consumer protection is expected to remain a key theme in Malaysia.

APACS 124

APACS Regulations Stablecoins Cryptocurrency 124

The Fintech Times

SEPTEMBER 9, 2024

The event will also explore emerging issues such as consumer protection in the age of generative AI. Key topics will cover national sovereignty, stablecoins, central bank digital currencies (CBDCs), real-world asset tokenisation, sustainable finance, as well as financial inclusion. ‘Valuable platform’ Dr.

59

59

The Fintech Times

SEPTEMBER 4, 2024

The regulator defended the reduced threshold as maintaining strong consumer protections while addressing concerns from financial firms. Consumer protection is at the centre of our proposal. We never contested the principle of reimbursement, and we never will.

Regulations 59

Regulations Scams Payments Caps 59