Legal & Regulation

Legal & Regulation
Today in TechREG: EU Faces Opposition for Digital Euro; Amazon Offers Remedies for EU Antitrust...
June 13, 2022

Today in TechREG news, the European Commission will see the results (June 13) of a public consultation on the digital Euro and according to the comments already received, EU citizens may not be thrilled. Amazon suggests sharing data with sellers and boosting the visibility of...

Legal & Regulation
Australia, EU May Take the Lead in BNPL Regulation 
June 13, 2022

Australia, the European Union, the United Kingdom and the U.S. are looking at regulating the buy now, pay later (BNPL) sector. Last year, all three entities announced initiatives that sought to bring these mostly unregulated products into a legal framework that could offer more protection...

Bank Regulation
UK Regulator Puts Scandal-Plagued Credit Suisse Under the Microscope
June 13, 2022

The U.K. Financial Conduct Authority has put Credit Suisse on a watchlist of companies needing tougher supervisions, a Financial Times (FT) report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
TechREG Weekly EMEA: UK Wants to Strengthen Big Tech, Stablecoin Supervision; EU Policymakers Suggest Changes...
June 10, 2022

This week the EU Parliament adopted new rules that will compel all technology providers to have a common USB Type-C charging port for all mobile phones, tablets and cameras in the European Union. EU policymakers also proposed amendments to a Consumer Credit Directive to lower...

Legal & Regulation
TechREG Weekly US: Lawmakers Propose Crypto Legislation; DOJ Urges More Int’l Cooperation
June 10, 2022

This week in TechREG U.S., cryptocurrency regulation has dominated the space. Lawmakers have discussed the role of cryptos in ransomware attacks and how to tackle this rising threat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
UK Government Pushes for Crypto Sandbox, Stablecoin Regulation
June 10, 2022

The U.K. will start live testing crypto blockchain technology in financial markets activities such as trading and settlement as part of the drive to become a global “crypto hub,” the finance ministry said on Tuesday (June 7) in an event in London. Get the Full...

Legal & Regulation
SEC Should Regulate Stablecoin Issuers, Says Former FDIC Chair
June 10, 2022

Earlier this week, Senators Lummis and Gillibrand introduced new legislation to regulate the crypto space, and most of the headlines focused on the “win” for the Commodity Futures Trading Commission (CFTC) over the Securities and Exchange Commission (SEC). If the bill is approved in its...

Legal & Regulation
GOP Lawmaker Says Fed Revoked Master Account for FinTech Reserve Trust
June 09, 2022

U.S. Sen. Pat Toomey wants answers on why the Federal Reserve Bank of Kansas City, he says, revoked a master account for the FinTech Reserve Trust, Reuters wrote Thursday (June 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

CFPB
CFPB Probes Employer Repayment Requirements for Training, Supplies
June 09, 2022

The Consumer Financial Protection Bureau is looking into various practices and financial products that could leave employees indebted to employers, a press release said Thursday (June 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...