The Swedish Financial Supervisory Authority has granted TF Bank’s Swedish subsidiary TFB Service AB a license to operate as a deposit-taking financial institution. With this license, the Nordic division of the company’s eCommerce payment solution, currently operating under the Avarda brand, can be transferred to...
Today in TechREG, the U.K. Payment Regulator on Tuesday (June 21) published more details of the upcoming market reviews on Visa and Mastercard’s processing fees and cross-border interchange fees. The U.K. also announced plans to adopt new regulation for unsecured short-term loans, including buy now,...
FinTechs were alerted that non-bank issuers of prepaid payment instruments (PPIs) can’t load cards and digital wallets with funds through credit lines, the Reserve Bank of India (RBI) announced on Tuesday (June 21), according to multiple media sources. Get the Full Story Complete the form...
The Consumer Financial Protection Bureau (CFPB) announced on Friday (June 17) that it is measuring the impact that account overdraft fees have on consumers, and it is planning to use this information to identify institutions for further examination and review. Get the Full Story Complete...
The director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, announced in a Friday (June 17) blog post that the agency is planning to change its approach to regulations, and is reviewing some long-standing rules, including the Credit CARD Act of 2009, the Fair...
When Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) revealed that their bipartisan bill creating a regulatory framework for cryptocurrencies would define most digital assets as commodities instead of securities, the response was predictable. Get the Full Story Complete the form to unlock this article...
Meta is facing a federal lawsuit that says private medical data is being secretly shared with Facebook when patients access their healthcare providers’ web portals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The European Banking Authority (EBA) published on Wednesday, June 15, its Annual Report which describes in detail the activities and achievements of the Authority in 2021 and provides an overview of the key priorities for the coming year. Get the Full Story Complete the form...
Today in TechREG, the Consumer Financial Protection Bureau (CFPB) has encouraged buy now, pay later (BNPL) providers and credit report agencies to standardize BNPL payment data for the benefit of consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
