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Consumer Consumer Protection Regulations 
The Payments Association
DECEMBER 2, 2024
2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection driving innovation and security. Instant Payments Regulation (IPR) The year started off with the European Parliament and the Council kicking off proceedings with the Instant Payments Regulation (IPR) on March 13.
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The Payments Association
MARCH 17, 2025
Defining “acceptable risk” in UK payments regulation 13 March 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? How the FCA can define and balance acceptable risk in UK payments regulation to support innovation while ensuring financial stability and consumer protection.
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Fintech Review
FEBRUARY 13, 2024
However, this rapid growth brings significant regulatory challenges, primarily in balancing the need for innovation with the imperative of consumer protection. Consumer protection is not just a regulatory requirement : it is a fundamental right that must be safeguarded amidst advancing technology.
Fintech News
AUGUST 6, 2024
The MAS assessment emphasized the regulator’s role in promoting a sound financial sector, focusing on insurer risk management and long-term policy protection. The regulator expects Income to fulfill its obligations, and Allianz has publicly committed to honouring existing policies. billion (EUR 1.5
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.
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The Payments Association
FEBRUARY 14, 2025
With regulatory scrutiny at an all-time high, payments firms must keep pace with evolving regulations to avoid financial penalties and reputational risks. In 2025, three priorities stand out: safeguarding customer funds, expanding open banking, and preparing for stablecoin regulation.
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The Fintech Times
DECEMBER 11, 2024
Many payment industry leaders are struggling with the complexities of the Markets in Crypto-Assets Regulation (MiCA), with 37 per cent citing uncertainty over which regulatory requirements apply to their businesses.
69 
Fintech News
OCTOBER 27, 2024
By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.
135 
Fintech Finance
MAY 20, 2025
As the Financial Conduct Authority (FCA) prepares to take over full responsibility for regulating UK payments, new research from Equals Money reveals that combating fraud and tackling widespread delays are top priorities for higher-risk players in the industry.
96 
Fintech Finance
MARCH 12, 2025
“However, we believe that abolishing the Payment Systems Regulator (PSR) at a time when the efficacy and resilience of payment systems, as well fraud risk management, are under intense review and focus, may not be the most opportune course of action.
59 
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? What’s next?
88 
The Payments Association
JANUARY 13, 2025
It addresses how evolving regulations shape the digital asset landscape, influencing innovation, compliance, and global competitiveness. As is the nature of the regulation, the regulatory landscape for digital assets in the UK is proving to mark a pivotal moment for the payments sector. What’s next?
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Clearly Payments
OCTOBER 30, 2024
Overview of International Payment Processing At its core, international payment processing involves handling transactions across borders , where factors like currency conversion, payment method preferences, and local regulations come into play. As global online shopping grows rapidly, consumers expect seamless payment experiences.
The Fintech Times
DECEMBER 19, 2023
Buy now, pay later (BNPL) services have become significant in the realm of short-term unsecured consumer finance, often tied to specific products and offering instalment repayments, without accruing interest. The BNPL transaction involves three key players: the consumer, the merchant, and the BNPL service provider.
113 
Fintech News
FEBRUARY 27, 2024
2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon. This transition is currently in progress.
132 
Neopay
JUNE 13, 2025
The European Banking Authority (EBA) has issued a No Action Letter to EU policymakers, advising against dual authorisation requirements for crypto-asset service providers (CASPs) transacting in electronic money tokens (EMTs) under both the Payment Services Directive (PSD2) and the Markets in Crypto-Assets Regulation (MiCA).
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The Payments Association
NOVEMBER 28, 2024
In the UK, consumers and businesses make around 1,500 transactions every second. PSD3 builds on PSD2 by clarifying regulations, expanding bank liability, and introducing stricter IT and risk standards. The PSR (Payment Service Regulation) complements the Payment Service Directive, leading to directly applicable law in all EU states.
The Payments Association
DECEMBER 11, 2024
It highlights the need for a strategic, proportionate approach to safeguarding that aligns with broader regulatory and consumer protection goals. In January 2023, HM Treasury issued the Payment Services Regulations: Review and Call for Evidence. Why is it important? What’s next? years to a central estimate of 1.3
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The Payments Association
JANUARY 16, 2025
Clear Junction , a global leader in cross-border payments for regulated financial institutions, has revealed a significant gap in the preparedness of payment industry leaders to navigate the complexities of the Markets in Crypto-Assets Regulation (MiCA) regulation, which is now in effect across the EU.
88 
Fintech News
APRIL 3, 2025
BNPL (Buy Now, Pay Later) burst onto the scene as a game-changer, transforming how consumers shop and pay over time. What started as a consumer-friendly alternative to traditional credit is becoming a more concrete financing solution in the digital payments ecosystem, particularly in emerging markets like BNPL regulation in Asia.
113 
Axway
JANUARY 3, 2025
In October 2024, the Consumer Financial Protection Bureau (CFPB) issued its final ruling on section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The verdict has been a significant catalyst for open banking, requiring financial institutions …
Fintech News
JUNE 5, 2024
Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). The new laws aim to balance consumer protection with innovation and competition.
113 
Fintech News
JUNE 12, 2025
News Regulatory Body, New Regulations to Adhere to? What was once a fast-moving, lightly regulated ecosystem is now being reshaped under OJK’s supervision to resemble the formal financial sector. She opened with a simple but powerful reminder: stay close to your regulators. OJK’s framework isn’t just a cosmetic change.
111 
The Fintech Times
NOVEMBER 27, 2024
Despite the fact that investing in crypto remains unregulated and high-risk, consumers appear to increasingly consider cryptoassets as part of ‘a wider investment portfolio’, leading to 26 per cent dipping into their long-term savings to purchase them. Can the FCA move fast enough?
112 
Fintech News
APRIL 10, 2024
These efforts cover a comprehensive range of regulatory concerns, including but not limited to licensing requirements, reserve asset management, redemption rights, capital adequacy, consumer protection, and compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) guidelines.
125 
Fintech Finance
JANUARY 2, 2025
.” The report highlights essential fraud mitigation strategies such as enhanced authentication, transaction monitoring, and confirmation of payee practices, as well as the importance of information sharing and consumer protection. faster payments infrastructure.
Fi911
MAY 22, 2025
Why an Upgrade is Needed PSD2, implemented in January 2018, was designed to transform the EU payments ecosystem by enhancing competition, boosting innovation, and strengthening consumer protections. Consumer Protection with stronger authentication and fraud prevention measures, such as Strong Customer Authentication (SCA).
The Payments Association
DECEMBER 9, 2024
It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers. Why is it important? What’s next?
88 
The Fintech Times
FEBRUARY 19, 2025
Digital wallets represent a “significant opportunity” for consumers, the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) revealed as they shared their findings regarding the payment software. Responses raised potential competition, consumer protection and operational resilience issues.
72 
Fintech News
APRIL 14, 2024
Money20/20 Asia, set for 23-25 April at the Queen Sirikit National Convention Center in Bangkok, will prominently feature regulators from Asia’s financial sector among its speakers. The post Money20/20 Asia Set to Spotlight APAC Regulators for Fintech Growth appeared first on Fintech Singapore. Register at this link.
113 
Fintech News
DECEMBER 9, 2024
However, this embrace of the new is not without a cautious side, as Singapore carefully balances innovation with robust regulation and consumer protection. This provides clarity and legitimacy to the crypto industry while simultaneously safeguarding consumer interests.
117 
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.”
131 
Neopay
NOVEMBER 25, 2024
The UK’s financial ecosystem is evolving rapidly, and with it comes the need for robust safeguarding measures to protect consumer funds. These changes aim to address persistent issues in safeguarding practices and enhance consumer protection. Firms will need to ensure they are audit-ready throughout the year. What’s next?
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 new regulation responds to the growing use of technology in financial services.
90 
The Fintech Times
MARCH 3, 2025
The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection.
59 
The Fintech Times
SEPTEMBER 27, 2024
The Financial Conduct Authority (FCA) is consulting on proposals that it hopes will better protect consumers when payments and e-money firms go out of business. Currently, the Financial Services Compensation Scheme (FSCS) does not directly protect funds held by payments and e-money firms. .
Fintech Finance
DECEMBER 18, 2023
The project seeks to establish a new community of stakeholders, including digital financial service providers, regulatory bodies, consumer advocates, and technology companies, to address the increasing complexity of the digital finance ecosystem. They no longer work to inform, protect, and empower consumers effectively.
Fintech Finance
APRIL 10, 2025
The Connecticut legislature should consider measures, like Senate Bill 1396, which help working families access the resources they need, provided by Earned Wage Access, while ensuring key consumer protections. The result has been predictable and painful: more reliance on pawn shops and predatory loans.
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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
88 
The Fintech Times
FEBRUARY 27, 2024
Despite global financial institutions spending upwards of $206billion annually on compliance with financial crime prevention regulations – the desired effect is not being realised. A2A payments The new Apple-open banking combo gives consumers the option to make account-to-account (A2A) payments and also cuts out cards altogether.
Neopay
MAY 28, 2025
Businesses and consumers will benefit from new growth-focused Strategic Steer set for the Competition and Markets Authority (CMA), in the latest step of the governments agenda to reform regulation to drive growth as part of the plan for change. The Government wants to see the same level of ambition from other regulators.
52 
The Payments Association
MARCH 18, 2025
As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. Ultimately, this convergence fosters a more inclusive and efficient financial ecosystem, benefiting consumers and businesses alike. What’s next?
88 
Fintech Finance
MAY 2, 2025
The first phase of the initiative will prioritise enabling the adoption of cVRPs in sectors including utilities, rail, government agencies, and regulated financial services. Currently, there is a lack of incentive across the payments industry to leverage open banking, which is limiting consumer choice against a difficult economic backdrop.
81 
The Fintech Times
DECEMBER 9, 2023
Consumer Duty, a set of rules aimed at enhancing consumer protection in the financial services sector, came into force in July 2023. 2023 saw the introduction of a new Consumer Duty, setting higher and clearer standards of consumer protection across financial services, and requiring firms to put customers’ needs first.
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