The Securities and Exchange Commission (SEC) released yesterday, June 22, its regulatory priorities on its Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions. This report lists short- and long-term regulatory actions that the agency plans to take in 2022. Get the Full Story Complete...
The Consumer Financial Protection Bureau (CFPB) took its first step yesterday, June 22, to change the regulation affecting credit card late fees. The Bureau published an Advance Notice of Proposed Rulemaking (ANPR) seeking data about credit card late fees and late payments to assess whether...
Switzerland’s top market regulator on Wednesday (June 22) pushed for regulators to do more to protect cryptocurrency investors from abuse in the $890 billion market that’s been plummeting for a week or so, according to a Reuters report. Get the Full Story Complete the form...
Today in TechREG, the Bank of England deputy governor compared the crypto crash with the dot-com bubble, saying that some of the crypto companies that survive now may become the future Amazon or eBay. Get the Full Story Complete the form to unlock this article...
TikTok will be boosting protections aimed to help children avoid persuasive ads on the platform, Reuters reported Tuesday (June 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Swedish Financial Supervisory Authority has granted TF Bank’s Swedish subsidiary TFB Service AB a license to operate as a deposit-taking financial institution. With this license, the Nordic division of the company’s eCommerce payment solution, currently operating under the Avarda brand, can be transferred to...
Today in TechREG, the U.K. Payment Regulator on Tuesday (June 21) published more details of the upcoming market reviews on Visa and Mastercard’s processing fees and cross-border interchange fees. The U.K. also announced plans to adopt new regulation for unsecured short-term loans, including buy now,...
FinTechs were alerted that non-bank issuers of prepaid payment instruments (PPIs) can’t load cards and digital wallets with funds through credit lines, the Reserve Bank of India (RBI) announced on Tuesday (June 21), according to multiple media sources. Get the Full Story Complete the form...
The Consumer Financial Protection Bureau (CFPB) announced on Friday (June 17) that it is measuring the impact that account overdraft fees have on consumers, and it is planning to use this information to identify institutions for further examination and review. Get the Full Story Complete...
