Sections
Regulation
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5.9KWhy 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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4.5KLawmakers 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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3.4KSoftBank 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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4.7KUK 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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16.4KCongress 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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3.6KNew 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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3.1KProposed 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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3.4KChinese 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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2.8KEU 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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4.5KHSBC 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...
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3.0KInvestment Banks Want Better Standards For Clearing Houses
Asset managers like BlackRock and Vanguard, along with investment banks, have banded together to ask clearing houses to create larger safety buffers...
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4.1KKenyan Govt. Seeks Regulation Of ‘Exploitative’ Mobile Lenders
The Kenyan National Assembly is considering a law that would make mobile lenders in the country subject to central bank oversight, which...
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2.5KSnap Says It Is No Longer Subjected To DOJ Probe
Snap, the parent company of Snapchat, said the Department of Justice and the Securities and Exchange Commission are no longer investigating it. ...
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2.6KProposed Social Media Law Would Let Data Flow Among Platforms
A proposed law created to increase competition in the tech sector would allow users to move their data between social media platforms....
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2.3KSen. Warren Presses Mnuchin On Recent Issues In Repo Markets
Recent short-term, or repo, lending issues have Sen. Elizabeth Warren worried that banks could potentially use the problems to justify easing regulations...
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2.9KAre SCA Delays A Blessing Or A Curse?
This week, the European Banking Authority (EBA) extended the deadline for Strong Customer Authentication (SCA) to Dec. 31, 2020. The news follows...
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2.6KIndia Considers Censoring Netflix, Amazon Streaming Platforms
India is considering censoring streaming platforms like Netflix and Amazon Prime Video, Reuters reported on Thursday (Oct. 17). An anonymous senior government...
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2.6KHow New Authentication And Privacy Regulations Affect Retail
How are European Union (EU) merchants and payment providers faring one month post-strong customer authentication (SCA) implementation? According to a study by...
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1.9KT-Mobile, Sprint Merger Wins FCC Approval
The merger between T-Mobile and Sprint has officially received enough votes to win approval by the Federal Communications Commission (FCC). Although Democrats...
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2.1KFoursquare Head Wants Stricter Laws Around Location Data
The CEO of Foursquare, a location data company, wrote an op-ed piece in the New York Times Wednesday (Oct. 16), saying, “It’s...
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3.3KRegulators Say Crypto Asset Holders Subject To Securities Laws
U.S. financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well...
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5.1KRazorpay Hires Mastercard Exec To Work With RBI On Payment Regs
Bengaluru-based Razorpay would like to work with the Reserve Bank of India (RBI) on new regulations that would make it mandatory for...
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2.5KFed Concerned Trade War Could Trigger Recession
Federal Reserve officials are worried that slowing global growth, exacerbated by the U.S.-China trade war, could sap domestic hiring and economic activity,...
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3.0KDeep Dive: Retailers Face Mobile Authentication Challenges Under SCA
SCA may have arrived on the payments scene, but questions remain regarding its exact authentication requirements. The overarching rule is simple enough:...
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3.4KHow EU Merchants Are Adjusting To SCA
EU merchants, PSPs, and FIs watched as the strong customer authentication (SCA) deadline passed — then went right back to asking questions...
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6.3KCyberSource: The SCA Delay Is Both An Opportunity And A Challenge
As of Sept. 14, the legal deadline for the strong customer authentication (SCA) requirement of the Second Payment Services Directive (PSD2) came and...
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2.7KSEC’s Moves To ‘Modernize’ ETFs Hint At Crypto Future
The U.S. Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make...
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7.4KEU Slaps Broadcom With Interim Anti-Competitive Order
The European Union’s antitrust enforcer Margrethe Vestager is handing down an interim order to U.S. chipmaker Broadcom to halt purported anti-competitive practices,...
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2.3KBritain Is Considering Banning Crypto-Related Derivatives
Britain is reportedly considering banning the sale of derivatives involved with cryptocurrency assets, such as bitcoin. Reuters is reporting that worldwide crypto...
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2.2KEU Probes Libra Risks With New Questions For Facebook
The European Commission has asked Facebook and the Libra Association to respond to a series of questions on financial stability, money laundering...
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6.7KTrending: How EU Regulators Are Complicating SCA Compliance
Strong Customer Authentication (SCA) is just weeks-old and already mired in controversy. Merchants in the European Union (EU) are still wondering exactly...
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7.6KWhy The SAFE Banking Act Won’t Solve All Cannabis’ Payment Problems
One down, two more steps to go: That’s the situation with the federal SAFE Banking Act, which recently won approval by the...
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2.4KIn Asia, Focus On Big Tech Regs And Taxes
Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. To that...
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3.7KGlobal Regulatory Issues Could Delay Libra
Bertrand Perez, the managing director of the Geneva-based Libra Association, an independent organization meant to oversee Facebook’s proposed digital currency, said that...
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3.0KUS Companies Scramble To Comply With Impending CA Privacy Law
An estimated half-million businesses will be affected when the new California Consumer Privacy Act (CCPA) comes into effect on Jan. 1, 2021,...
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2.3KFTC Discusses Antitrust Laws In Testimony To US Senate
The Federal Trade Commission (FTC) revealed details about its recent testimony before the U.S. Senate Subcommittee on Antitrust, Competition Policy and Consumer...
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5.1KPayPal’s iZettle Acquisition Draws Fine From UK Regulator
The Competition and Markets Authority (CMA) in the U.K. has levied a fine against PayPal for breaking rules regarding marketing in the...
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3.5KCanada’s Green Party Pushes Social Media ID Verification
It wasn’t all about Facebook on the Hill. Headlines in recent days focused on Facebook CEO Mark Zuckerberg being in Washington, D.C....
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3.5KAB5 Is Now The Law Of The Gig Land In California
In a decision that is reportedly not likely to calm an increasing debate when it comes to the nature of work or...
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9.1KBIS Advocates Bank Oversight Of Blockchain
In finance, now comes automated, embedded supervision. Maybe. To that end, the Bank for International Settlements (BIS) said in a paper titled...
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3.8KFor Big Tech, Antitrust Scrutiny Deepens
Now the letters fly from the U.S. Congress — with an eye on documents that show the inner workings of Big Tech. On...
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6.1KBiometrics’ Role In SCA Compliance
Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended, the original proposed deadline approaches next...
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3.4KDeep Dive: Biometrics And New Technologies In A Post-SCA World
SCA in its simplest form requires that customers be identified through methods that fall into at least two of three categories: knowledge,...
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3.3KFTC Commissioner Says Fines Aren’t Enough For Big Tech
Rohit Chopra, a commissioner with the Federal Trade Commission (FTC), said that fining Big Tech companies won’t have any real effect on...
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3.1KCEOs Ask Congress To Pass Data Privacy Law
To enable continued innovation and growth in the digital economy, the Business Roundtable is asking Congress to pass a comprehensive consumer data privacy...
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3.5KHow SCA’s Deadline Is Impacting EU Merchants’ Authentication Approaches
The deadline to comply with SCA is Sept. 14, and European payment providers and merchants will have to either sink or swim....
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5.4KLibra Forces Cryptocurrency Regulators To Reexamine Procedures
Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country...
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5.8KHow Merchants Can Brace For SCA’s Looming Deadline
In only two days, banks, payment providers and merchants in the European Union will finally hit the controversial deadline for compliance with...
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4.8KWhat’s Next For California’s Gig Economy After AB 5
About a year-and-a-half after a state Supreme Court decision that brought the issue to the forefront of legislators’ attention, the California Senate voted to...
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2.8KFinCEN Deputy Director Talks Reform, NBFI Supervision
Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference...
