Sections
Regulation
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676COVID Or No, Data Demands Compliance
Consumer data privacy laws were making compliance difficult before a pandemic brought the world to a halt. But COVID-19 also triggered emergency...
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1.9KDeep Dive: How US Data Regulation Fragmentation Is Affecting Merchants, Consumers
Devising open banking laws that adequately respond to shifting privacy needs and satisfy both businesses and consumers is difficult. U.S. legislators in...
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1.4KRILA On How United States Retailers Are Responding To Changing Privacy Rules
Merchants often find themselves caught in the middle as states from New York to California pass data security laws. In our latest...
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6.8KUS Retailers Confront Data Privacy Shifts
While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus, many countries...
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1.9KLawmakers Grill Wells CEO On Account Scandals
Just a bit more than four months into his tenure at the helm of Wells Fargo, new CEO Charlie Scharf faced pointed...
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1.7KNJ Joins States’ Push For Data Privacy Regulations
The march toward state-by-state regulation of Big Tech continues. To that end, lawmakers in New Jersey last week proposed legislation that would...
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2.6KCFPB Director Wants To Pay Whistleblowers
Kathy Kraninger, the director of the U.S. Consumer Financial Protection Bureau (CFPB), has asked Congress for the ability to pay whistleblowers in...
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3.6KNJ Legislators Propose Tighter Data Privacy Regulations
Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The...
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1.4KNavigating China’s New Regulatory Terrain
What happened to the good old days of, like, two years ago? Back then, FinTechs asked for forgiveness instead of permission, rushing...
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1.7KDeep Dive: Taking A Closer Look At The Chinese Regulatory Space
Chinese banking and business practices’ potential impacts are favored topics for bankers and merchants: Changes in this market often have ripple effects...
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2.0KEU Eyes Single European Data Market
In Europe, the continued evolution of data policies and regulation now point toward a single market across the Continent. As reported mid...
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2.7KInside China’s Cyber, Financial Regulatory Changes And Challenges
After four years of evolving Chinese online data and security regulations, foreign merchants doing business in China can find it challenging to...
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3.4KChina’s Regulatory Realities And Their Global Open Banking Implications
The continual spread of Open Banking means that regulators and merchants in various markets are becoming more aware of the critical importance...
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1.5KIn the UK, (More) Web Content Regulation Looms
In the U.K., increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government...
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2.4KFinCEN Tweaks Rule On Reporting Financial Transactions
The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has issued a new ruling on the reporting of currency transactions for...
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2.5KZuckerberg To Meet With EU Regulators Prior To Big Tech Proposals
Facebook CEO Mark Zuckerberg has scheduled meetings with European Union (EU) regulators ahead of an official proposal presentation to create a new...
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2.7KJudge Throws Out Bid By Uber, Postmates To Halt Gig Worker Law
A judge has rejected the request from Uber and Postmates to put a stop to a new California law that would place...
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4.6KNew EU Card Rules Could Confuse Customers
The European Union has issued new rules for contactless payments, which has caused confusion and forced one digital bank to issue new...
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2.9KWill The Federal Government Clear EVs’ Ignition Roadblocks?
While the electric car has long been touted as the future of transportation, it bears remembering that while electric vehicles (EVs) have...
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3.3KSEC Proposal Would Allow Token Sales Under Current Securities Laws
Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise...
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2.8KAfterpay Pushes Back Against Australia’s Fee Regulation
Buy now, pay later (BNPL) company Afterpay has pushed back against the Reserve Bank of Australia’s potential regulation of its fees. Afterpay...
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1.7KEU Investigates Tinder’s Use Of User Data
Tinder, the popular dating service, is under investigation by the Ireland Data Protection Commission (DPC) over how it uses data from customers,...
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2.9KDeep Dive: Why Innovation’s Lack Of Ubiquity Is Stalling Open Banking
Open Banking’s European success has kicked off interest in similar regulations worldwide, most notably in China, India and Singapore, where digital banking’s...
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3.0KFAA To Propose Safety Standards For Delivery Drones
The Federal Aviation Administration (FAA) is planning to enact new standards for unmanned drones, which could be the first step toward the...
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1.9KUK Watchdog Seeks Tighter Grip On US Big Tech
The U.K.’s Competition and Markets Authority (CMA) is pushing for more leeway to go after U.S. Big Tech firms in the wake...
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4.0KEU Regulators Want Single Data Market In Europe
In Europe, another regulatory salvo may be aimed at U.S. tech firms’ dominance across online platforms, and the collection and use of...
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4.9KAPIs May Be The Key To Singapore’s Open Banking Future
Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore,...
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4.7KMonetary Authority Of Singapore: What It Will Take To Win Digital Banking Licenses
Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data...
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2.2KUK Watchdog Accuses StubHub Of Misleading Customers
Ticket reselling company StubHub is being investigated by the U.K.’s Competition and Markets Authority (CMA), which said the site was misleading consumers,...
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3.4KAML/KYC Compliance Just Got Harder
The European Union’s Fifth Anti-Money Laundering Directive (5AMLD) went into force on Jan. 10, with new regulations for cryptocurrencies, wallets and exchanges....
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2.5KBig Tech Firms Call For Industry Regulations
Big Tech companies like Apple and Facebook have lately had a contentious relationship with regulators and lawmakers over issues like privacy, use...
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1.8KTakeaway.com’s Just Eat Buyout Faces Regulatory Setback
After a British competition body said it would probe its purchase of Just Eat, food delivery firm Takeaway.com said the forecasted timetable...
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3.8KEU Countries Gain Ability To Exclude ‘High-Risk’ 5G Suppliers
New guidelines from the European Union (EU) allow for countries to restrict or exclude “high-risk” 5G providers from important parts of their...
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7.2KData Sharing: The Magic Merchants Need To Smooth The SCA Speed Bumps
The rollout of PSD2’s Strong Customer Authentication (SCA) has been a bit bumpy, to say the least. A year ago (when the...
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2.6KEU 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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4.4KThe 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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2.7KTrump 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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4.0KDeep 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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2.9KPSD2 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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6.8KWhy 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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3.1KIndia 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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2.4KSEC 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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5.0KBooking.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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2.8KTencent, 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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4.4KNavigating 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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3.8KUK 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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2.2KEuropean 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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2.9KDOJ 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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4.2KFCC 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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2.3KSenators 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...
