The Payments Association

JANUARY 13, 2025

The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency. Why is it important?

Compliance 88

Compliance Audit Legal Reconciliation 88

The Payments Association

FEBRUARY 14, 2025

These changes aim to enhance consumer protection by ensuring that customer funds are adequately safeguarded. The FCA is introducing phased safeguarding rules, with interim measures strengthening existing regulations and final requirements aligning with the Client Assets (CASS) framework.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

The Payments Association

JULY 8, 2025

Legislative reform: The EBA recommends that PSD3/PSR clarify the requirements applicable to EMT transfer services, avoiding duplicative regulatory authorisation requirements while ensuring robust consumer protection and market integrity. What happens before PSD3/PSR applies?

Stablecoins 88

Stablecoins Payment Service Provider (PSP) Duplicate Authentication 88

Finovate

SEPTEMBER 18, 2024

The purpose of this stipulation is to ensure consumers are able to access their funds without delays and to increase the reliability of custodial funds arrangements. Consumer protection and transparency Consumer protection is the underlying reason behind the new proposed rule.

Rules 52

Rules FDIC Non-Bank Money Laundering 52

The Fintech Times

JULY 31, 2024

But I’m not so sure that these organisations are fully aware of the IRS regulations that have already begun to come into effect about additional reporting requirements for collecting over only $600 on these apps. “Adhering to stringent data protection laws is a primary challenge.

Compliance 64

Compliance AML Due Diligence Regulations 64

PYMNTS

APRIL 28, 2016

Last month, it began soliciting consumer complaints about marketplace lending, writing in a notice to consumers that marketplace lending “does not have the same history of government supervision and oversight as” traditional banks and credit unions. Many are also bound to reporting requirements with the SEC.

CFPB 40

CFPB Consumer Protection Regulatory Compliance FTC 40

Neopay

APRIL 8, 2024

Improved Fraud Management : PSPs can bolster their fraud management controls by confidently refusing transactions based on substantial evidence, thereby protecting themselves from financial and reputational harm. How does it help tackle APP Fraud? This is especially crucial in combating the rapid actions of APP Fraudsters.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52