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CFPB to yank ‘unlawful’ open banking rule

Payments Dive

That move bends to bank groups that filed a lawsuit last year to block the Consumer Financial Protection Bureau rule aimed at making it easier for consumers to move their financial accounts.

Rules 107
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Tunic Pay: Over 70% of UK Adults Unaware of New Reimbursement Rules for Payment Scam Victims

The Fintech Times

After being told of the new rules, that significantly ease the financial burden should they fall victim to a payment scam, 60 per cent of respondents consider them fair. Meanwhile, 67 per cent believe these rules will make banks do more to protect their customers from falling victim to fraud in the first place.

Scams 105
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CFPB medical debt rule weighed

Payments Dive

With additional briefs in hand, a federal judge will consider a Consumer Financial Protection Bureau rule that bars medical debt on consumer credit reports.

Rules 88
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Senate votes to overturn CFPB big tech rule

Payments Dive

The Senate backed a resolution to overturn a Consumer Financial Protection Bureau rule that gave the agency oversight of big tech companies offering payment tools.

Rules 216
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UK tribunals rules Visa and Mastercard fees breach competition law

Finextra

The UK's Competition Appeal Tribunal has ruled that Visa and Mastercard's multilateral interchange fees charged to retailers breach European competition law.

Laws 64
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Fintech groups oppose state BNPL rules

Payments Dive

Lobbying organizations argue that New York's rules treat buy now, pay later purchases too much like credit card transactions.

Rules 124
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NY crafts BNPL rules

Payments Dive

New York’s regulation of buy now, pay later will be based on data and BNPL firms' input, DFS boss tells fintech conference amid industry disapproval.

BNPL 78