Fintech News

JULY 21, 2024

OJK acknowledges the valuable input from these stakeholders and is refining the LPBBTI industry regulations as part of its mandate under Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK).

P2P 116

P2P Caps Consumer Protection Risk Management 116

The Payments Association

OCTOBER 28, 2024

Collaboration with law enforcement and the Government The report stresses the importance of ongoing collaboration between financial institutions, regulators, and law enforcement. For payment leaders, the insights from the Half Year Fraud Report 2024 serve as a reminder that the battle against fraud is far from over.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Fintech News

FEBRUARY 27, 2024

These negative developments likely influenced governments across the globe, because the following 12 months saw an extraordinary boom in crypto policy regulation in APAC countries. South Korea In June 2023, South Korea enacted the Virtual Asset User Protection Act, marking its inaugural comprehensive digital asset law.

APACS 132

APACS Regulations Stablecoins Cryptocurrency 132

The Payments Association

MARCH 18, 2025

But these opportunities are accompanied by mounting risks around data governance, security, and regulatory fragmentation. For payments firms, this opens doors to alternative credit scoring, smarter risk assessment, and deeper customer engagementbut also significant challenges around governance and trust. reached $1.1

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

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 Government 90

PYMNTS

NOVEMBER 4, 2020

regulators acknowledge that although there is a market and demand for open banking, the current regulatory structure prioritizes consumer protection.”. For example, the government-backed Unified Payments Interface is one of India’s most popular eCommerce payment methods. Don’t let the lack of hard law in the U.S.

Laws 68

Laws API Regulations Federal Reserve 68

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. Heres how select markets are responding in the Asia Pacific region.

BNPL 113

BNPL Regulations Accreditation Consumer Protection 113

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore is preparing for a FinTech revolution. “It would also give MAS the flexibility to address emerging risks, such as cybersecurity, interoperability, technology and money laundering and terrorism financing. .

Laws 47

Laws FinTech Money Laundering Interoperability 47

Electronic Transactions Association

JANUARY 16, 2025

ETA supports a uniform policy framework for AI that appropriately preserves the innovation and security AI brings, while ensuring appropriate consumer protection. The CFPB plays an important role in the regulatory framework governing this critical industry. Intellectual Property New ideas are the lifeblood of innovation.

CFPB 45

CFPB Privacy BNPL Financial Inclusion 45

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. The DFAL contains an exclusion for persons that contribute “only connectivity software … to a protocol governing transfer of the digital representation of value.”

Laws 52

Laws Stablecoins Issuers Legal 52

Fintech News

FEBRUARY 21, 2024

Amidst this complex backdrop, regulatory efforts, particularly in jurisdictions like Singapore, have taken center stage, offering a glimpse into the future of crypto governance and its potential to shape the industry’s trajectory toward greater safety and integrity. billion (SG$ 32.51

Crime 109

Crime Ransomware Scams Romance Scams 109

The Fintech Times

NOVEMBER 27, 2024

.” Industry collaboration Bivu Das , UK general manager at Kraken It seems the industry wants the same, as Bivu Das , UK general manager at crypto exchange Kraken expresses support of the new roadmap: “The recent announcements by the government laid out a forward-thinking vision to enable cryptoassets to thrive in the UK long term. “By

Regulations 112

Regulations Stablecoins Risk Consulting 112

The Payments Association

OCTOBER 21, 2024

The rule changes provide stronger consumer protection but also raise concerns about industry costs and potential fraud exploitation. Collaboration between regulators, law enforcement, and the counter-fraud community is needed to ensure the effectiveness of the reimbursement scheme and to mitigate emerging fraud risks.

Scams 88

Scams Law Enforcement Crime Fraud Prevention 88

PYMNTS

AUGUST 30, 2016

The small nation is making a big push in support of FinTech innovation by reforming its payment laws. Singapore is preparing for a FinTech revolution. “It would also give MAS the flexibility to address emerging risks such as cyber security, interoperability, technology, and money laundering and terrorism financing. .

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

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. How can consumers protect their data privacy online?

Privacy 105

Privacy Compliance CCPA Authentication 105

PYMNTS

MAY 19, 2020

The FTC alleged that First Data ignored repeated warnings from employees, lenders and others that Chi “Vincent” Ko, who ran an independent sales organization affiliated with the company, was laundering payments for clients that were breaking the law.

FTC 66

FTC Federal Trade Commission ISOs Credit Cards 66

The Fintech Times

AUGUST 14, 2024

“By establishing a cohesive regulatory framework, the federal government can facilitate the responsible development and deployment of AI technologies, ultimately enhancing the efficiency and inclusivity of the financial services sector.”

Treasury 69

Treasury AI Innovation FinTech 69

The Payments Association

MAY 16, 2025

AI is transforming compliance in financial services, offering efficiency gains while introducing new risks that demand robust governance. Failure to do so can lead to accusations of unfair treatment, discrimination, or even breaches of consumer protection laws. This aligns with FCA Principles such as PRIN 2.1

Compliance 88

Compliance AI Risk Audit 88

PYMNTS

SEPTEMBER 30, 2016

The small nation made a push in support of FinTech innovation by reforming its payment laws. .” Alfred noted that Singapore’s flourishing FinTech space can stand to benefit from the challenges being faced in other global markets. Last month, Singapore took a big step in preparation for its own FinTech revolution.

FinTech 76

FinTech Money Laundering Interoperability Authorization 76

Fintech Review

MAY 1, 2025

Businesses must also demonstrate governance, risk management , and consumer protection from day one. Open banking mandates, digital asset licensing regimes, and payment services regulations are examples of how governments are trying to balance innovation with stability. It is no longer enough to innovate.

Compliance 59

Compliance Regulations FinTech Payment APIs and Integration 59

The Fintech Times

OCTOBER 7, 2024

In September, the Australian government proposed the introduction of a ‘Scams Prevention Framework’ (SPF), which would implement new scam obligations across all sectors. 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.

Scams 52

Scams FinTech Laws AML 52

Stax

DECEMBER 13, 2023

However, you must keep in mind several federal and state laws as well as credit card network guidelines (e.g. Surcharging rules Surcharge laws and guidelines can vary from state to state. Plus, there are federal laws governing surcharges. Visa, Mastercard, American Express, Discover, etc.)

Credit Cards 88

Credit Cards Debit Card Laws Rules 88

The Fintech Times

MAY 22, 2024

The Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector, has ruled that buy now, pay later (BNPL) lenders must treat consumers as credit card providers do, ensuring they receive the same key protections.

BNPL 64

BNPL Credit Cards Consumer Financial Protection Bureau (CFPB) CFPB 64

PYMNTS

MAY 28, 2019

According to the news outlet, law enforcement’s initiatives are “an unprecedented level of government attention” for the sector, which has evaded regulators by classifying merchant cash advances as non-loans and, therefore, exempt from personal loan protections under state and federal law.

FTC 56

FTC Federal Trade Commission Small Business Law Enforcement 56

PYMNTS

MARCH 29, 2019

At Google, he pointed to its role in online ads as an antitrust and consumer protection concern. Attorneys general have teamed up to investigate if Google ran afoul of any antitrust or consumer protection laws, while the FTC is looking into the Cambridge Analytica issue at Facebook. Landry said.

FTC 46

FTC Federal Trade Commission Consumer Protection Consulting 46

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

Fintech Review

APRIL 11, 2025

Policymakers face the challenge of encouraging innovation while safeguarding consumers and preserving financial stability. Consumer protection is a top priority. Digital lenders, neobanks, and payment firms must comply with capital requirements, operational standards, and governance rules.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

Stax

FEBRUARY 5, 2024

This surcharge covers costs associated with adopting and maintaining government-mandated sustainable practices. Governments impose regulations to protect the public’s interests and promote fair corporate practices. State and federal laws. Surcharging laws vary by jurisdiction. Consumer protection laws.

Credit Cards 88

Credit Cards Legal On-Demand Regulatory Compliance 88

FICO

JANUARY 5, 2023

VP, Government Relations. CFPB Director Rohit Chopra has further indicated that he would like to see consumer protections akin to those for credit cards, including improving disclosures and fraud and dispute resolution protections. Consumers will likely see more transparency from industry participants going forward.

BNPL 52

BNPL CFPB Consumer Financial Protection Bureau (CFPB) Privacy 52

PYMNTS

DECEMBER 4, 2019

In order to help FinTechs adhere to fair-lending laws, the Government Accountability Office wants regulators to explain their position on applying alternative data. Consumer advocates have raised concerns that assessing alternative data could lead to discrimination and widen the credit gap.

Assessments 54

Assessments Regulations Federal Reserve Consumer Protection 54

PYMNTS

FEBRUARY 3, 2020

The creation of a “single European data space, a genuine single market for data” would include new rules governing cross-border use and data interoperability, among other tenets. Separately, the movement by at least some central governments to embrace digital currencies continues. Digital Currencies, Too.

Consumer Financial Protection Bureau (CFPB) 52

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

Segpay

MAY 5, 2025

The government has expressed its commitment to support innovation in blockchain, crypto, and tokenized finance. 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

NOVEMBER 10, 2019

Current antitrust laws are “flexible enough” to handle issues caused by technology firms, said Makan Delrahim, assistant attorney general for the Antitrust Division of the U.S. government was working with state attorneys general to probe online platforms for possible antitrust violations. It was first announced in August that the U.S.

Federal Trade Commission 40

Federal Trade Commission Laws FTC Privacy 40

PYMNTS

SEPTEMBER 15, 2017

Elizabeth Warren also wrote letters to Equifax and its competitors TransUnion and Experian, federal regulators and the Government Accountability Office for information to see if new federal legislation was needed to protect consumers. “I

Consumer Financial Protection Bureau (CFPB) 54

Consumer Financial Protection Bureau (CFPB) CFPB Data Breach Breach 54

PYMNTS

OCTOBER 24, 2019

The Kenyan National Assembly is considering a law that would make mobile lenders in the country subject to central bank oversight, which would force them to reveal transactions fees and interest rates before they dole out loans. There is need for consumer protection. These mobile loan apps have commercialized poverty.”.

Regulations 40

Regulations Central Bank Small Business Laws 40

PYMNTS

MAY 20, 2016

Lending Club, for its part, said that it plans to cooperate with the DFS investigation, which also looks for information on underwriting and other business procedures and how these myriad practices square with consumer protection laws and laws governing fair business practices.

Regulations 40

Regulations Laws Caps Procedures 40