Regulation

Regulation
UK Data Watchdog Seeks Help on How it Uses Powers
December 27, 2021

It’s rare when a regulator asks stakeholders and consumers for advice on how it monitors and enforces. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Regulation
Credit Union National Association Backs Inquiry Into Tech Giants’ Payment Policies
December 22, 2021

The Credit Union National Association (CUNA) this week backed the Consumer Financial Protection Bureau’s (CFPB) probe of Google, Apple, Facebook, Amazon, Square and PayPal’s payments policies, according to a Wednesday (Dec. 22) report from Financial Regulation News. Get the Full Story Complete the form to...

Regulation
Europe Needs New Rules to Be Global Leader in Payments, Says EU Commissioner
December 22, 2021

EU Commissioner for Financial Services Mairead McGuinness delivered a speech in November at the annual conference of the European Payment Institutions Federation that encapsulated the EU payment strategy for the coming years, starting in the first half of 2022. Get the Full Story Complete the...

Regulation
FTC Mulls New Artificial Intelligence Regulation to Protect Consumers
December 21, 2021

The Federal Trade Commission (FTC) is considering a wide range of options, including new rules and guidelines, to tackle data privacy concerns and algorithmic discrimination. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
M&A Scrutiny, Price Regulation Possible Headwinds for Pharma, Biotech in 2022
December 20, 2021

Pharmaceutical companies and biotech companies have undeniably enjoyed a very profitable 2021, and probably rightly so, for bringing to the market in record time effective vaccines to fight against COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Regulation
‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
December 17, 2021

The U.K.’s Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 ($84.7 million) for “failings” in its anti-money laundering (AML) system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Regulation
Australia’s Financial Regulators Endorse Treasurer’s Plan for Crypto, Payment Reform
December 16, 2021

The Council of Financial Regulators released on Thursday (Dec. 16) its quarterly statement, where it endorsed the treasurer’s plans for a major reform in the payment system, including potential regulation of crypto-assets. Get the Full Story Complete the form to unlock this article and enjoy...

Regulation
Finicity CEO: Regulatory Patchwork Holds Back Open Banking Efforts in the US
December 16, 2021

U.S. companies may have made significant progress in bringing innovation to the payment systems that undergird the digital economy, but regulation hasn’t necessarily kept apace. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Regulation
EU May Regulate How Gig Platforms Use Algorithms
December 14, 2021

The European Union announced on Dec. 9 a legislative package with proposals to improve the working conditions of people using digital labor platforms. While many platform workers are truly self-employed as defined by the new proposed rules, there are an estimated 5.5 million people working...