NY governor pursues BNPL regulation
Payments Dive
JANUARY 3, 2024
Kathy Hochul is seeking to require buy now, pay later providers to obtain a license to operate in the state, in addition to other potential regulations for the industry. New York Gov.
Regulations Related Topics 
US, Europe lock arms on payments regulation
Payments Dive
APRIL 15, 2024
and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.
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Regulation spotlight: Future of UK stablecoin regulation
The Payments Association
JANUARY 22, 2024
On 30 October 2023, HM Treasury (HMT) issued its long-awaited policy document on the regulation of fiat-backed stablecoins in the UK.
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Connecticut moves to regulate EWA
Payments Dive
SEPTEMBER 19, 2023
The state is instituting new lending regulations that are likely to apply to some earned wage access providers starting next month.
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EWA shouldn’t be regulated like loans
Payments Dive
APRIL 5, 2024
“Attempts to regulate EWA as credit threaten worker access to this innovative and consumer-friendly financial tool,” writes one earned wage access industry CEO.
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UK moves to experimentation phase of Regulated Liability Network
Finextra
APRIL 15, 2024
The UK's biggest banks are pushing ahead with the experimentation phase of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.
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BNPL regulation could contribute to consolidation: Moody’s analysts
Payments Dive
NOVEMBER 20, 2023
Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.
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US and UK sign agreement to regulate AI models
Finextra
APRIL 2, 2024
The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.
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BNPL Regulations: Systematic Transformation of Finance
The Fintech Times
DECEMBER 19, 2023
Akshata Namjoshi (top) and Ratul Roshan, KARM Legal Consultants United Kingdom In the UK, BNPL products currently benefit from an exemption under the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. 58/3/96 Regarding the Regulation for Finance Companies ( FCR ).
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Apple’s payments regulation woes mount
Payments Dive
NOVEMBER 2, 2023
Regulators in the Netherlands, South Korea and Australia have targeted the tech giant’s payments business, and antitrust litigation is brewing in the U.S.
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Apple CEO pushes back on European regulation
Payments Dive
FEBRUARY 5, 2024
The company’s customers may experience a drop in quality thanks to EU regulation slated to take effect next month, said Tim Cook, chief executive of the tech giant.
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Money20/20 Asia Set to Spotlight APAC Regulators for Fintech Growth
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.
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Mastercard, Fiserv execs take sides on debit regulation
Payments Dive
MARCH 4, 2024
A Mastercard executive painted Regulation II as potentially harmful to consumers, while Fiserv’s CEO said it was an appropriate update due to the rise of online transactions.
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Here’s How 10 APAC Markets Are Approaching Crypto Regulation
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.
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Dubai’s Fintech Evolution: Regulation as a Catalyst for Change
The Fintech Times
MAY 11, 2024
A refreshing sentiment that stands in stark contrast to the usual grumblings elsewhere that regulations hinder innovation. In Dubai, stakeholders view regulations as a catalyst for growth and success, providing a sturdy foundation that drives the thriving developments in the fintech sector.
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Financial sector braces for 2024 with guide to new regulations and enforcement trends
The Payments Association
MARCH 20, 2024
In its recent annual briefing on financial services regulation and enforcement for 2024, Baker McKenzie details the anticipated developments and enforcement trends within the sector. Read more
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Gen AI: Ethics and Regulations
Finextra
FEBRUARY 4, 2024
In this epoch of AI, serious questions about regulations and laws for AI are being raised but why no.
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EU sets deadline for Instant Payments Regulation
The Paypers
MARCH 20, 2024
The European Council has adopted the Instant Payments Regulation, which is scheduled to come into effect in a matter of weeks.
NextGen Nordics 2024: How will incoming regulation shape payments infrastructure?
Finextra
APRIL 24, 2024
At NextGen Nordics 2024 in Stockholm, moderator Debi Bell Hoskings hosted an interactive panel session on new regulation on data and privacy, asking for input from the audience.
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Government releases key responses to financial regulation consultations
The Payments Association
OCTOBER 31, 2023
The UK government has taken a significant step towards clarifying its stance on the regulation of cryptoassets, digital settlement asset firms, and fiat-backed stablecoins by publishing key documents outlining their responses to recent consultations. Read more
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Regulating Fintech: 5 Steps To Grow Sustainably [UPDATE]
Fintech Weekly
DECEMBER 6, 2023
Regulating fintech can lead the industry to a sustainable growth - let's see how this is possible in 5 steps regulators can take.
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Discover shares pricing error findings with regulators
Payments Dive
SEPTEMBER 13, 2023
Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.
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BNPL regulation requires balancing act
Payments Dive
JUNE 7, 2023
“As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry's growth and limit its availability,” writes one checkout services CEO.
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Why the U.S. Regulators’ New Resource on BaaS Relationships is Disappointing
Finovate
MAY 6, 2024
From the perspective of an onlooker, it appeared that regulators were issuing the consent orders to make examples out of certain players in the industry, foregoing formal BaaS regulation. Regulators’ New Resource on BaaS Relationships is Disappointing appeared first on Finovate.
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Regulated Firms Neglecting Critical Business Verification Checks, Finds SmartSearch
The Fintech Times
MARCH 20, 2024
The same survey also found that as part of checks, only 37 per cent of regulated firms actually identify the ultimate beneficial owners (UBOs) – a drop from more than half (53 per cent) in the previous year’s survey. This is considerably higher than China, in second place, and the United States in third.
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UK and Singapore Discuss Green Finance Gaps, Digital Asset Regulation
Fintech News
MAY 8, 2024
The post UK and Singapore Discuss Green Finance Gaps, Digital Asset Regulation appeared first on Fintech Singapore. The dialogue was co-chaired by Leong Sing Chiong, Deputy Managing Director of MAS, and Gwyneth Nurse, Director General of Financial Services at HM Treasury, with participation from senior officials from both nations.
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Chargeback Rules: What Laws & Regulations Govern the Dispute Process?
Fi911
JANUARY 4, 2024
We will provide insight into how these regulations differ between card schemes, and help financial institutions to better understand the dispute process from all sides. Certain regulations known as “chargeback rules” are, in fact, based on legal statutes. These are some of the key pieces of legislation and regulation.
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HM Treasury launches consultation to enhance money laundering regulations
Neopay
MARCH 15, 2024
HM Treasury has initiated an open consultation aimed at refining the Money Laundering Regulations (MLRs) to bolster their effectiveness while reducing burdens on legitimate customers. However, it highlights the need for technical adjustments to optimise effectiveness and ensure proportional application across regulated firms and customers.
Debit routing rule tables turned on regulators
Payments Dive
FEBRUARY 16, 2023
Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.
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10 Challenges for Open Banking Regulators
Open Bank Project Blog
NOVEMBER 20, 2023
Regulating Open Banking, April 2023 Open Banking promises a wide range of benefits, from financial inclusion to financial education in the community. In particular, a fast-paced market often leaves regulators behind the innovation curve. So, what are the main obstacles that delay the arrival of widespread Open Banking regulation?
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States are well equipped to regulate fintechs
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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Outpayce Granted eMoney License to Offer Regulated Payments Services
Fintech Finance
MAY 1, 2024
As a licensed eMoney issuer, Outpayce will be able to provide regulated payment services in Spain such as accepting customer funds, issuing pre-paid debit cards, and offering transfers of funds on a payment account and, in the future, passport its services across the European Union.
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How Regulation Can Supercharge Your Business
Finextra
MARCH 12, 2024
We all rely on the world that regulation creates – yet we groan at the mere mention of the dreaded ‘.
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Nium Now Licensed by Japan’s Regulator for Money Transfers Over US$300K
Fintech News
FEBRUARY 28, 2024
” Featured image credit: Edited from Freepik The post Nium Now Licensed by Japan’s Regulator for Money Transfers Over US$300K appeared first on Fintech Singapore.
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CFPB, European regulator open a dialogue on digital rules
Payments Dive
JULY 18, 2023
Buy now, pay later platforms, artificial intelligence and other developments “if left unchecked, could increase consumers’ exposure to fraud and manipulation,” the regulators said Monday.
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Heavy-handed Digital Regulation Could Hinder US Startup Development Warns CCIA
The Fintech Times
JANUARY 11, 2024
The Computer & Communications Industry Association (CCIA) has responded to the Consumer Financial Protection Bureu ‘s request for comments on a proposal to define and regulate larger participants in the general-use digital consumer payment marketplace.
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Responding to regulations: AI solutions boosting operational resilience in 2024
Finextra
FEBRUARY 5, 2024
In anticipation of upcoming banking regulations, such as the EU's 2025 deadline, Sumant Kumar, CTO, Banking and Financial Markets, NTT DATA UK&I, provides insights into the impact of artificial intelligence on operational resilience for the year ahead.
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European Central Banks Demand Strict Cryptocurrency Regulations
PYMNTS
SEPTEMBER 13, 2020
Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. In a joint statement Friday (Sept. The association declined to comment, Reuters reported.
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BaFin fines Commerzbank over AML regulation breach
The Paypers
APRIL 23, 2024
million over AML regulation breaches. The German Federal Financial Supervisory Authority ( BaFin ) has demanded bank Commerzbank pay a fine of EUR 1.45
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How better regulation can power up UK fintechs
The Payments Association
FEBRUARY 14, 2024
How regulatory reforms and increased capital can drive UK fintech expansion Read more
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UK Payment Systems Regulator Final Scam Reimbursement Requirements Including Observations and Industry Response
BioCatch
JANUARY 11, 2024
Part 1 summarizes the final UK regulations for mandatory APP scam reimbursement. In December 2023, the UK Payment System Regulator (PSR) released the final details of the new APP scam reimbursement requirements ahead of the October 2024 implementation date. This blog is being published in two parts.
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Crypto Regulation in 2024 With ZBD, Elusiv, Bitstamp, YouHodler, Mercuryo, ClearBank
The Fintech Times
DECEMBER 22, 2023
In this instalment, we address the regulatory landscape in the fintech and blockchain industries, with a focus on the need for compliance, transparency and the impact of regulations like MiCA, as well as the positive effects of regulatory advancements on the financial ecosystem and the growing interest in crypto ETFs.
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Ant reaches agreement with China regulators on overhaul
Payments Source
FEBRUARY 3, 2021
Ant Group and Chinese regulators have agreed on a restructuring plan that will turn Jack Ma’s fintech giant into a financial holding company, making it subject to capital requirements similar to those for banks.
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Ant considers holding company with regulation similar to bank, sources say
Payments Source
DECEMBER 29, 2020
is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. Jack Ma’s besieged Ant Group Co.
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