Sections
Regulation
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4.4KPSD2 Challenges Leave Norway, Netherlands Playing Catch-Up
Since many European Union (EU) countries have now brought PSD2 and GDPR fully into their financial infrastructures, banks and merchants must prepare...
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4.6KStripe On SCA’s $100B-A-Year Problem
Strong Customer Authentication (SCA) is set to debut on September 14, and there’s a $100 billion problem looming if merchants across Europe...
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3.0KLegislators In The EU Close Banking Loopholes
Legislators in the European Union have approved a slew of banking reforms including the closing of loopholes exposed by the financial crisis,...
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2.5KUK Regulator: Stop Pushing Kids Into Apps
The U.K.’s tech regulator, the ICO, wants companies like Facebook and Snap to stop enticing kids to their websites and apps. According...
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2.8KEU Government Backs New Laws To Protect Creative Industries
Governments making up the European Union have backed an initiative by the European Commission aimed at protecting Europe’s creative industries, ensuring fair...
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3.2KJuul Tracking Program To Combat Use By Minors
Juul Labs, the company that makes the popular vaporizer, has announced a new program to track its devices and figure out how...
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2.2KDutch Antitrust Agency To Investigate Apple Over App Favoritism
Apple is being investigated by the Netherlands’ Authority for Consumers & Markets (ACM) over accusations that it gives precedence to its own...
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2.3KLawmakers Seek New Regs Aimed At Tech Algo Biases
U.S. lawmakers have proposed a bill that would make tech companies detect and remove any discriminatory biases found in their technologies. The...
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13.1KBitcoin Price Seems Mute To China’s Mining Crackdown
Bitcoin is up as much as 25 percent since the news came during the past week that China might look to ban...
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2.7KSenator Warns Tech Breakup Opens Door To China
Sen. Mark Warner believes that breaking up big tech companies like Facebook and Google could make way for competition from overseas. Last...
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3.2KSocial Media Bill Would Ban Covert Data Collection
Two American senators want to crack down on social media companies that they say trick underage users into giving up personal data,...
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2.6KAustralia Laws Target Social Media Firms with Fines, Prison Over Streaming Content
The government in Australia passed legislation that seeks to stop live streaming of violent acts across social media platforms. As reported last...
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2.7KPoll: Most Americans Against Breakup Of Tech Cos
A new poll has revealed that most Americans aren’t on board with Sen. Elizabeth Warren’s plan to break up large technology companies....
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3.5KEarnin Investigated For Offering Covert Payday Loans
Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers....
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2.6KEU Academics Say Tech Firms Shouldn’t Be Broken Up, Should Share Data Instead
A group of academics appointed by EU antitrust regulators say tech companies should be compelled to share data with each other, as...
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3.0KTrump Sets Sights On Stopping Fakes On Third-Party Marketplaces
President Donald Trump signed off on a memorandum Wednesday (April 3) aimed at curbing the sale of counterfeit goods, reported Reuters. Citing...
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3.3KFCA Tells Consumers To Be Wary Of Peer-To-Peer Loans
The U.K.’s Financial Conduct Authority has issued a warning to consumers regarding certain risks inherent in peer-to-peer loans held in individual savings...
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3.8KFacebook Looks To Government For More Regulation
If you can’t beat em…join ‘em? Facebook’s Mark Zuckerberg pushes for more government regulation of the internet – and cites GDPR as...
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3.9KCrypto Regulations Move Into The Spotlight
Recent headlines have been dominated by payday lending rules and Wells Fargo. But there have been a few other trends taking shape,...
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3.0KTCH Releases Business Principles, Expands RTP Committee
The Clearing House (TCH), which operates the RTP Business Committee, has added four seats to the committee to incorporate community bank and...
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3.7KStay On CFPB Payday Lending Rule Upheld
A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “payday lending rule” mandated...
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3.2KCustomer Awareness Is Key For PSD2 Adoption In The Netherlands
The implementation of PSD2 represents an opportunity for countries to overhaul their financial infrastructures, forcing them to upgrade older systems so businesses...
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7.0KWhy The Netherlands Waited A Year To Roll Out PSD2
With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping...
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2.3KBeto O’Rourke Doesn’t Want To Break Up Big Tech Companies
Presidential hopeful Beto O’Rourke isn’t joining other Democrats running for president in calling for the breakup of some of the nation’s largest...
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4.5KJamie Dimon: Big Tech Should Prep For Big Reg
JPMorgan Chase CEO Jamie Dimon said tech giants need to brace themselves for a similar slew of tough regulations to what big...
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2.9KGoogle Gets Hit With Third EU Fine Over Its Business Practices
Google was slapped with a fine of €1.49 billion ($1.7 billion) by the European Union Wednesday (March 20), holding the internet search...
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4.3KNew Jersey Outlaws Cashless Businesses
New Jersey has passed a law banning cashless stores and restaurants, according to reports. The bill was signed by Gov. Phil Murphy...
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3.9KBig Tech Increasingly In Regulators’ Spotlight — And Crosshairs
It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely...
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10.4KPeople’s Bank Of China To Regulate FinTech
The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology...
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5.0KGoogle Faces Antitrust Fine From EU Over AdSense
Google and its parent company Alphabet could be facing an antitrust fine from the European Union in the coming weeks over its...
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3.0KUS House Zeroes In On Money Laundering Loopholes
An anti-money laundering resolution presented by Congresswoman Maxine Waters (D-CA) passed by a voice vote on Thursday (March 14). The resolution —...
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3.6KRep Harris Proposes Bill To Expand US Digital Service
Senator Kamala Harris (D-CA) has introduced the Digital Service Act, which will “empower state and local governments to invest in digital services”...
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4.5KCanada Wants To Govern Crypto Exchanges In Wake Of Quadriga Scandal
Canada wants to redo securities regulations to include cryptocurrency trading operations like Quadriga, which lost the ability to access $195 million of...
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5.0KNetherlands First EU Country To Release GDPR Fining Policy
The Dutch Data Protection Authority (DDPA) in the Netherlands has released its own General Data Protection Regulation (GDPR) fining policy, according to...
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2.7KDenmark Reg Probes Swedish Bank For Money Laundering
Denmark’s financial watchdog has instructed a Danish branch of Swedish bank SEB to obtain additional information on customers deemed to be a...
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7.1KCan PSD2 Get Past Its GDPR Problem As Deadlines Hit?
Ladies and gentlemen, it has finally arrived. From this day forward (March 14), businesses covered by the European Union’s (EU’s) Second Payment...
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3.0KChina Looks To Crack Down On Pawn Shop Lenders
As it turns out, there is such a thing as being too successful in selling one’s wares, a reality that China’s pawn...
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6.9KFed Forces Delay Of New Same Day ACH Processing Window
NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until...
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4.0KCFPB Head Faces Privacy Questions From Senate
The Consumer Financial Protection Bureau’s privacy practices came under scrutiny Tuesday (March 12) during a U.S. Senate hearing, further proof that issues...
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5.1KUS Treasury: Taxes On Digital Companies Are Discriminatory
A U.S. Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Reuters reported that Chip...
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5.0KPan European Regulator: Key Weapon In Money Laundering War?
Among the latest headlines swirling in FinTech: Digital bank Revolut, based in the United Kingdom, has taken on an adviser, along with...
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3.2KInstagram Founders Denounce Warren’s Big Tech Breakup
Instagram Co-founders Kevin Systrom and Mike Krieger responded to Senator Elizabeth Warren’s plan to break up large tech companies, such as Facebook and...
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3.5KEU Antitrust Chief Says To Regulate Data, Not Break Up Tech
European Union Competition Commissioner Margrethe Vestager said that breaking up big tech companies like Facebook and Google should be seen as a...
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6.2KDutch Watchdog: Website Cookie Walls Violate GDPR
The Dutch data protection agency (DPA) said when a website forces a user to agree to a cookie policy, or a “wall,”...
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5.3KUK Complaints Body Gets Nod To Increase FinTech Fines
Britain’s Financial Conduct Authority (FCA) has said the Financial Ombudsman Service, which handles complaints from financial companies and customers, will be able...
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4.7KWarren Pitches Plan To Break Up Big Tech
In an effort that could limit Silicon Valley’s growth, U.S. Senator Elizabeth Warren (D-Mass.) has put out a plan to break up...
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4.1KHow PSD2 Is Changing Lending In The UK
PSD2 launched in January 2018 and has been active in the European Union for a little over a year now, meaning that...
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3.1KIndia’s RBI To Relax Rules For White-Label ATM Providers
The Reserve Bank of India (RBI) made a move on Thursday (March 7) to relax the rules for white-label ATM operators, enabling them...
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3.1KSweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight
Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes...
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6.1KPhiladelphia Bans Cashless Stores
Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. to do so,...
