Stax

DECEMBER 2, 2024

In parallel with growing market adoption of surcharging, more states have considered and enacted surcharging legislation, often with the stated goal of standardizing surcharging and ensuring consumer protection. In 2024 alone, more than a dozen state legislatures introduced bills related to surcharging and consumer fees generally.

Junk Fees 68

Junk Fees Credit Cards Push-to-Card Laws 68

Stax

DECEMBER 20, 2023

This article explores the legal landscape surrounding surcharges, shedding light on the intricacies of state and federal laws and strategies for small businesses to manage processing costs. Learn More Are Debit Card Surcharges Legal? Let’s start with the elephant in the room: are debit card surcharges legal?

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Debit Card Legal Credit Cards Processing Costs 88

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. This is the latest legal challenge faced by the multinational technology company headquartered in Cupertino, California.

Consumer Protection 63

Consumer Protection Consumer Laws Legal 63

Innovative Payments Association

JANUARY 14, 2025

While deregulatory measures such as revisiting the Open Banking Rule may gain momentum, their implementation faces procedural and legal challenges. For example, while the CFPB mandates data sharing between financial institutions and fintechs, it also warns consumers to approach fintech products with caution.

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB FDIC Consumer Protection 52

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

Fintech News

FEBRUARY 27, 2024

The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of use cases and essential legal aspects.

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APACS Regulations Stablecoins Cryptocurrency 132

The Payments Association

MAY 3, 2025

With a mix of legal, operational, and executive expertise at the table, the conversation was both strategic and grounded in day-to-day realities. She also referenced a broader issue of regulatory inertia: The previous government had plans to revoke the Payment Services Regulations and embed them into FCA rules.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

PYMNTS

JUNE 7, 2019

The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. 19, 2019 compliance date for the mandatory underwriting provisions for its short-term, small-dollar (payday) rule, according to various reports. The CFPB is also correcting several errors in the rule. Compliance is being delayed 15 months, to Nov.

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CFPB Underwriting Rules Credit Union 53

Clearly Payments

NOVEMBER 18, 2024

Chargebacks, while essential for consumer protection, can pose significant challenges to businesses. Skills Required: Attention to detail, familiarity with card network rules, and proficiency in analyzing transaction data. Employee Training : Keep your team updated on card network rules and dispute resolution techniques.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

EBizCharge

MARCH 14, 2025

Depending on the companys rules, this period can range from a few days to weeks. Customers should be able to grasp the terms without needing a legal background. Use a template: Templates provide a structured framework that ensures clarity, consistency, and legal compliance. Can you get around a no-refund policy?

Returns 52

Returns Disputes Legal Non-Bank 52

Clearly Payments

SEPTEMBER 18, 2024

It acts as a consumer protection tool, allowing customers to reclaim funds for unauthorized transactions, fraud, or dissatisfaction with goods or services. A well-organized chargeback team minimizes these risks and protects the merchant’s bottom line.

Disputes 105

Disputes Fraud Prevention Payments Credit Cards 105

The Payments Association

MAY 16, 2025

Each section includes an overview of the regulation, the legal and operational risks involved, and the practical actions required to support readiness and ongoing compliance. Whereas fraud was previously treated as an operational risk, it is now a matter of legal and regulatory accountability.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

PYMNTS

SEPTEMBER 9, 2016

consumers file a £14 billion legal claim against the company over anticompetitive card fees. According to the BBC , the lawsuit has to do with a 2014 ruling by the European Court of Justice, which found regulators were correct to condemn the cost of interchange fees — the fees retailers pay banks to process credit card transactions.

Legal 40

Legal Visa Rules Consumer Protection 40

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. KYC & Customer Due Diligence (CDD) Australia: Risk-based approach, with minimum KYC checks under the AML/CTF Rules. billion by 2034.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

Fintech Finance

SEPTEMBER 20, 2024

It is also, crucially for the first time, exploring the new rules through the eyes of the criminal and how easily they will exploit them for their own ill-gotten gains. ‘ This is not enough to ensure robust consumer protection.

Financial Crimes 98

Financial Crimes Crime Rules Payments 98

PYMNTS

MARCH 3, 2020

Once those dates have passed a consumer can pay their old debts — but it is almost impossible to legally compel them to. Unless the consumer unwittingly restarts the clock on the debt — by either paying it in part, entering into a payment plan or acknowledging in writing that they owe the debt. Tightening the Rules.

CFPB 56

CFPB Rules Consumer Financial Protection Bureau (CFPB) Consumer 56

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority (FCA) is consulting on new rules and guidance to strengthen the safeguarding of consumer funds in the payments and e-money sectors. These changes are driven by a rise in consumer complaints and insolvencies in the payments sector.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

PYMNTS

JANUARY 10, 2019

A court in Germany handed down a harsh ruling about Amazon’s Dash buttons on Thursday (Jan. “A valid consumer contract is only concluded when the consumer explicitly confirms that he or she undertakes to make a payment. Today’s ruling is not only hostile to innovation. 10), according to a report from Reuters.

Laws 57

Laws Consumer Consumer Protection Rules 57

The Payments Association

NOVEMBER 13, 2024

Fortunately, forward-thinking regulatory bodies have recognized the power of Web3 and the need for more established rules of engagement. Legal certainty around the globe and between jurisdictions will embolden innovators, reassure traditional stakeholders, and exponentially grow the already underway revolution.

Blockchain 88

Blockchain Use Case Financial Inclusion Stablecoins 88

The Payments Association

MARCH 18, 2025

Unlike Europe, there is no centralised regulatory framework governing open banking, though the Consumer Financial Protection Bureau (CFPB) has proposed a new rule that could establish a more standardised approach. However, without a legally mandated structure, adoption has been slower compared to its neighbor. reached $1.1

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Disputes 97

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 97

PYMNTS

MARCH 9, 2018

The Consumer Financial Protection Bureau (CFPB) introduced a final rule on Thursday (March 8) that it said will help mortgage servicers communicate with borrowers who are facing bankruptcy. As a result of that rule, the CFPB has created sample forms for the services to use.

CFPB 40

CFPB Consumer Financial Protection Bureau (CFPB) Rules Legal 40

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

Segpay

MAY 5, 2025

Meanwhile, the EU paves the way for mass adoption by offering legal certainty. 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

Stax

DECEMBER 13, 2023

Fortunately, in states where surcharging is legal, you can recoup these processing costs by transferring them to the cardholder. So make sure to follow all rules related to the placement, content, design, and compliance of your signage. Surcharging rules Surcharge laws and guidelines can vary from state to state.

Credit Cards 88

Credit Cards Debit Card Laws Rules 88

PYMNTS

MAY 22, 2020

The agency also contends that the defendants did not make the loan disclosures they were mandated to provide, conducted recurring withdrawals from the bank accounts of consumers without correct permission, and “illegally” utilized checks created remotely. The defendants named in the matter include Camel Coins, Inc.; Lead Express, Inc.;

FTC 79

FTC Federal Trade Commission Consumer Protection Funds Transfer 79

PYMNTS

JULY 26, 2020

The nation’s consumer protection agency is seeking input on rule changes to third-party access to individual financial records. In addition, the CFPB will inquire whether issues of regulatory uncertainty stemming from Dodd-Frank, such as the Fair Credit Reporting Act, may be hurting consumers — and if so, seek ways to fix it.

Consumer Financial Protection Bureau (CFPB) 69

Consumer Financial Protection Bureau (CFPB) CFPB Consumer Privacy 69

Stax

JANUARY 15, 2024

Failure to comply with its policy frameworks can have severe consequences— legally and financially. In the following sections, we’ll delve into the legal framework, compliance standards, and best practices to navigate the complexities of surcharging. Swipe fees have doubled in a decade and increased by 20% since 2022.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

FEBRUARY 7, 2019

While there were many provisions to the payday lending rules as originally passed, the one that caused the greatest controversy was the “ability to repay” provision that would have required short-term lenders to establish a borrower’s ability to repay before offering them a small-dollar, short-term lending product. The Path To Revision.

CFPB 40

CFPB Rules Consumer Financial Protection Bureau (CFPB) Regulations 40

Fintech Review

MAY 1, 2025

No matter how disruptive a fintech platform is, it must operate within legal frameworks that are evolving rapidly. Businesses must also demonstrate governance, risk management , and consumer protection from day one. Licensing, reporting, and data storage requirements vary widely, requiring expert legal and operational planning.

Compliance 59

Compliance Regulations FinTech Payment APIs and Integration 59

PYMNTS

APRIL 16, 2019

A consumer lawsuit against Mastercard in the U.K. got approval to move forward after a court reversed a ruling by the Competition Appeal Tribunal. Court of Appeal rejected the tribunal’s ruling from 2017, which had blocked the claimants from pursuing the case led by Walter Merricks, the former financial ombudsman.

Visa 59

Visa Cross-Border Payments Cross-Border Rules 59

PYMNTS

JANUARY 29, 2019

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. In May 2018, the Supreme Court struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders.

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Wires Wire Fraud Prevention Legal 67

PYMNTS

DECEMBER 5, 2019

“No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed,” the ministers said in a joint statement. The finance ministers also emphasized the need for legal clarity regarding any cryptocurrency arrangements.

Digital Currency 52

Digital Currency Finance Stablecoins Central Bank 52

PYMNTS

MAY 8, 2019

calling out the small business lending industry’s issue of abusive loan terms that “have led to a flood of questionable legal actions” against borrowers. Chopra spoke at an agency forum in Washington, D.C., “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

Neopay

SEPTEMBER 30, 2024

The Financial Conduct Authority (FCA) is taking significant steps to ensure that consumer funds in the payments and e-money sectors are better protected. Through their consultation on CP24/20, the FCA is proposing new rules designed to improve the safeguarding regime for payment services firms, e-money institutions, and credit unions.

Credit Union 52

Credit Union Consulting Payments Rules 52

PYMNTS

DECEMBER 27, 2019

“No global stablecoin arrangement should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and addressed,” the ministers said.

Digital Currency 52

Digital Currency Agreements Stablecoins Regulations 52

Payment Savvy

NOVEMBER 30, 2021

In 2020, the Consumer Financial Protection Bureau (CFPB) published two rules which implement the Fair Debt Collection Practices Act (FDCPA). While the revised legislation currently offers greater consumer protections, it is also likely to result in new consumer abuses. Legal Consequences. Harassment.

Regulations 52

Regulations Consumer Financial Protection Bureau (CFPB) CFPB Rules 52