Recent headlines have been dominated by payday lending rules and Wells Fargo. But there have been a few other trends taking shape, as crypto regulation has been gathering steam beyond U.S. shores, from Pakistan to Bermuda.
The Clearing House (TCH), which operates the RTP Business Committee, has added four seats to the committee to incorporate community bank and credit union representation, and also released a set of business principles to outline the RTP’s work. TCH announced the news on Thursday (March...
A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “payday lending rule” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). Get the Full Story Complete the form to unlock this article and...
The implementation of PSD2 represents an opportunity for countries to overhaul their financial infrastructures, forcing them to upgrade older systems so businesses and FIs can remain compliant and move money faster. While plenty of countries are seeing this as an opportunity to grow, some markets...
PSD2’s open banking initiatives often rely on APIs, which allow banks, merchants and third-party providers to access more data and process more transactions than they could in the siloed banking age. Thanks to these benefits, many countries outside the EU are also considering making changes...
With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in the ways they approach payments, data transfers and customer authentication. Get the Full Story Complete the form to unlock this...
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 technology companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
JPMorgan Chase CEO Jamie Dimon said tech giants need to brace themselves for a similar slew of tough regulations to what big banks faced after the financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Google was slapped with a fine of €1.49 billion ($1.7 billion) by the European Union Wednesday (March 20), holding the internet search giant to task for limiting how some websites used display ads sold by competitors. Get the Full Story Complete the form to unlock...
