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Block agrees to $12.5M settlement in Cash App spam text case

Payments Dive

Attorneys for the parties involved in the case didn’t respond to requests for comment, and neither did the office for the Washington Attorney General, which became an intervenor in the case on behalf of the plaintiff. Spokespeople for Block did not respond to requests for comment. Please select at least one newsletter.

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Adyen tackles golf payments

Payments Dive

Spokespeople for foreUP, GolfTranz and Pro Golf Payments did not respond to requests for comment. Adyen’s terminals will also provide consumer information to help the golf store chain personalize customers’ experiences. We’ve been partnering with more businesses in this space,” Strazza said. Sign up A valid email address is required.

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Affirm delves into in-game payments

Payments Dive

The Consumer Financial Protection Bureau in January proposed an interpretive rule that would require video game companies to comply with the Electronic Fund Transfer Act. A CFPB spokesperson did not immediately respond to a request for comment about the status of the rule.

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American Fintech Council (AFC) Responds to Consumer Financial Protection Bureau (CFPB) Interpretive Rule on Buy Now Pay Later

Fintech Finance

The new proposed Interpretive Rule would ensure that nonbank financial companies adhere to the same credit card lending rules as large banks, credit unions, and other financial institutions already supervised by the CFPB.

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American Fintech Council responds to CFPB buy now, pay later rules

Finextra

The American Fintech Council (AFC), the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the Consumer Financial Protection Bureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans. (..)

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EU Could Force Apple To Share Payments Tech With Competitors

PYMNTS

Apple didn't respond to requests for comment to Bloomberg, but its argument in the past for restricting the chip technology to its own apps is that releasing it to a broader audience could heighten the risk of fraud. The EU earlier this summer said its antitrust probe would look into both the App Store and Apple Pay.

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Subpoenas Start To Fly In Wake Of Gig Economy Ruling

PYMNTS

The ruling is not only widely viewed as a blow to companies that take part in the gig economy, but could influence how franchisors operate, according to at least one source. The impact of the ruling, and the product of investigations such as the one in San Francisco, could force ridesharing companies to change their business models.

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