Sections
Regulation
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1.9KEU Regulators Expand Scrutiny On Data Practices – And Bots
It’s a new year, and in Europe, an expansion of scrutiny and laws governing data sharing. The dawn of 2020 brought a...
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2.5KThe Push And Pull Of India’s Merchant Discount Rate Ban
In physics, one of Newton’s Laws state that for every action, there is an equal and opposite reaction. In payments, it can...
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2.2KTrump Administration Presents New AI Regulations For Federal Agencies
The Trump administration recently submitted new rules governing any future federal regulation of artificial intelligence (AI) used in an array of industries,...
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2.7KDeep Dive: What Does Open Banking Mean For Turkish Banks?
The European Union’s revised Payment Services Directive (PSD2) is tightening its grip on international finance as open banking initiatives continue to crop...
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2.1KPSD2 And The Turkish Banking Opportunity
FinTechs see PSD2 as an opportunity to get a leg up with legacy banks. That will be tough in Turkey, where banks...
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5.3KWhy Turkish Banks Are Bullish On PSD2
Banks and FinTechs in the European Union have settled into a period of harmony with the revised Payment Services Directive (PSD2). These...
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2.2KIndia Introduces New Laws, Cap Regarding P2P Lending
The Reserve Bank of India (RBI), in a move to protect the interests of consumers, has passed a regulation that says the...
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1.8KSEC Investigates Unicorns Direct Listings
Might unicorns have their wings clipped – just a bit? This past week, The Wall Street Journal reported that the Securities and...
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4.1KBooking.com Will Change Sales Tactics At EU’s Request
Booking.com has agreed to change the way it sells on its site, including ending time limits for offers and claiming that a...
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2.3KTencent, Other Chinese Tech Firms Called Out For Privacy Violations
A number of Chinese tech companies were ordered to clean up policies on the way their apps deal with user information or...
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3.2KNavigating Merchants’ Bumpy Ride To SCA Compliance In 2020
The revised Payment Services Directive (PSD2) Strong Customer Authentication (SCA) regulation rollout in the EU has been a little bit on the...
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3.0KUK To Launch Big Tech Regulator Post-Brexit
The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times....
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1.8KEuropean Court To Rule On Airbnb Classification This Week
The Luxembourg-based Court of Justice of the European Union (CJEU) will decide whether to classify Airbnb as an online booking service or...
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2.4KDOJ Claims Live Nation Violated Terms Of Ticketmaster Merger
With claims that the company aimed to coerce music venues into using its Ticketmaster subsidiary, the Justice Department is reportedly gearing up...
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3.2KFCC Votes To Move Connected Car Safety Features To Broadband
The U.S. Federal Communications Commission (FCC) could allow mobile devices to command the airwaves that have been used by carmakers for vehicle...
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1.9KSenators Demand That Big Tech Releases Encrypted Data To Law Enforcement
U.S. senators went head to head with executives of Apple and Facebook on Tuesday (Dec. 10) over the companies’ decision to use...
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2.2KIndia Bill Aims To Tighten Regulations For Tech Data Collection
India has proposed new rules regarding how technology companies use data, and the proposal is similar to Europe’s GDPR regulation, according to...
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1.6KPersonal Data Protection Bill Makes Headway In India
In India, the Personal Data Protection Bill is making headway. The legislation, which seeks to protect sensitive data, has gotten approval from...
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6.2KRegulators Call For ‘Vigilant Monitoring’ Of Big Tech’s Financial Data Use
As a way to prevent unfair competition, the Financial Stability Board (FSB) said in a report on Sunday (Dec. 8) that there...
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4.8KRegulators Support Alternatives To Assess Creditworthiness
Federal banking regulators support using alternative methods to assess creditworthiness to help high-risk people get loans, The Wall Street Journal (WSJ) reported...
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2.7KNew Regulations Prompt Airbnb To Yank Boston Listings
Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report...
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1.6KTrump Administration Mulled Excluding Huawei From US FIs
The Trump administration thought about removing China’s Huawei from the U.S. financial network earlier this year, Reuters exclusively reported on Tuesday (Dec....
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1.7KLawmakers Eye Increased Libra Oversight
Facebook’s planned cryptocurrency Libra may see increased regulatory oversight, at least if new legislation introduced in the U.S. Congress comes to pass....
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2.3KNew Digital Taxes Loom On Tech Firms In Europe
Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent...
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2.4KLawmakers Question Airbnb On Non-Compliant Listings
Airbnb is facing questions from U.S. lawmakers who want information about hosts who go against the company’s policies and don’t comply with local...
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2.3KRegulators Green Light BB&T, SunTrust Merger To Form Truist
BB&T and SunTrust have announced that they have received regulatory approval to complete their merger to become Truist Financial Corporation. The merger...
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2.1KDOJ Seeks To End Ban Of Hollywood Studios Buying Theaters
The U.S. Department of Justice (DOJ) will request the end of a ban that prohibits Hollywood studios from owning movie theaters. The...
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2.0KDOJ Big Tech Probe Could Expand Beyond Antitrust
To potentially challenge companies such as Facebook and Google on multiple fronts, the Department of Justice (DOJ) could go beyond looking into...
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3.2KFinCEN Head Warns AML Crypto Rules Will Be Strictly Enforced
Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco said on Friday (Nov. 15) that anti-money laundering (AML) laws will be strictly...
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7.0KHow To Make Online Sports Gaming A Sure Bet For Payments, State Governments
Damon Runyon — the American author who created characters like Sky Masterson, immortalized in “Guys and Dolls,” and enamored with rolling the dice...
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1.6KColombia Watchdog Investigates Rappi Delivery App For Noncompliance
On-demand delivery app Rappi is under investigation again in Colombia, accused of failing to comply with regulatory orders to improve its customer...
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3.5KGermany Urges EU To Crack Down On Big Tech Platforms
Germany’s Federal Minister for Economic Affairs Peter Altmaier wrote a letter to European Commissioner for Competition Margrethe Vestager, and asked for tighter...
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2.2KMicrosoft Is ‘Strong Supporter’ Of California Consumer Privacy Act
Microsoft has promised to follow California’s privacy law throughout the United States after the regulation goes into effect on Jan. 1. The...
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2.4KApple Pay Competition Practices Eyed By EU Regulators
Big Tech has gotten, is getting and will get its share of regulatory scrutiny. For Apple, there seems to be an increasing...
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2.0KDeep Dive: Balancing SCA Compliance And Customer Satisfaction
Strong Customer Authentication (SCA) was designed to improve authentication standards across Europe, and enable money to move quickly, while reassuring all parties...
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5.1KEU’s Vestager Objects To Big Data Acquisitions After Google’s Fitbit Deal
European Union antitrust chief Margrethe Vestager has concerns about Google’s recent acquisition of Fitbit, as well as continued competition issues over how...
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5.2KBank Of England Tells HSBC To Tighten Fraud, Staff Compliance
The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a...
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2.7KSCA Awareness Issues Persist Among EU Merchants, Consumers
Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second...
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2.3KBarclaycard On Keeping Transactions Frictionless Under SCA
Strong Customer Authentication (SCA) is imperative to improving payment security — if EU regulators and financial institutions (FIs) could only agree on...
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1.8KJersey City Votes To Tighten Short-Term Rental Regs
Airbnb suffered a blow on Tuesday (Nov. 5) when Jersey City residents voted to apply more regulations to short-term rentals, a decision...
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4.7KWhy Barclaycard Says Consumers Are Key To SCA Success
As Strong Customer Authentication (SCA) becomes fully implemented, the merchants, banks and third-party payment services within the European Union (EU) are still...
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3.4KLawmakers Push For New Agency Focused On Big Tech Regulation
Two Democrats have introduced a new bill that would create a federal agency tasked solely with regulating the tech industry. If passed,...
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2.3KSoftBank Tightens Startup Regs After WeWork’s Washout
SoftBank is looking to develop stricter regulations for startups in the wake of the near collapse of WeWork. Sources have said the...
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2.8KUK Election Puts Big Tech Digital Tax On Hold
A silver lining looms for Big Tech in the chaos that is Brexit. As noted by Bloomberg last week, the December elections...
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10.5KCongress Wants Digital Platforms To Release Their Algorithms – Why?
U.S. lawmakers proposed new legislation last week that would require internet platforms to more or less lay bare the intellectual property that...
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2.9KNew Laws To Require LLCs To Disclose Owners’ Names
Proposals in both chambers of Congress would limit the use of anonymous shell companies, impacting small businesses in the U.S. Last month,...
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2.4KProposed Law Calls For Search Engine Transparency
Proposed bipartisan legislation wants to make sure that search engines disclose the algorithms they use to determine what content to share, as...
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2.6KChinese Regulators Move To Shutter P2P Lenders
Shanghai regulators are ordering more than 40 peer-to-peer (P2P) lenders to get ready to close shop, the Financial Times (FT) reported on...
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1.9KEU Antitrust Chief Could Require Big Tech To Prove User Benefits
The EU Antitrust Chief Margrethe Vestager said she is considering holding large tech companies to a higher standard of proof when it...
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3.6KHSBC Says China Should Loosen Regs For Global FIs
HSBC executive Peter Wong is calling for China to relax regulations so that foreign banks can have an easier time obtaining licenses...
