Legal & Regulation

Legal & Regulation
Navigating Merchants’ Bumpy Ride To SCA Compliance In 2020
December 19, 2019

The revised Payment Services Directive (PSD2) Strong Customer Authentication (SCA) regulation rollout in the EU has been a little bit on the bumpy side so far. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
UK To Launch Big Tech Regulator Post-Brexit
December 18, 2019

The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

AML
Swedish Regulator Investigating SEB Over AML Issues 
December 18, 2019

A Swedish regulator has opened an investigation into SEB, one of Sweden’s largest banks, over an increasingly volatile money-laundering scandal that has adversely affected the reputation of the region’s banking industry, according to a report by the Financial Times. Get the Full Story Complete the...

ANTITRUST
Google’s Acquisition Of Data Firm Triggers UK Watchdog Probe
December 18, 2019

The U.K. watchdog Competition & Markets Authority (CMA) is questioning Google’s purchase of the analytics firm Looker Data Sciences and is launching an initial investigation, the Associated Press (AP) reported on Tuesday (Dec. 17). Get the Full Story Complete the form to unlock this article...

Bank Regulation
UK Regulator Looks To Expand Open Banking Beyond Banking
December 18, 2019

In the U.K., Open Banking could be expanded soon to allow for data sharing between a much larger range of finance companies, according to the Financial Conduct Authority (FCA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Bank Regulation
BIS Looks For ‘Prudential’ Crypto Rules
December 17, 2019

The Basel Committee has said in a paper that a “prudential” regulatory framework should be constructed by stakeholders in a bid to address concerns over risks to the financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
European Court To Rule On Airbnb Classification This Week
December 17, 2019

The Luxembourg-based Court of Justice of the European Union (CJEU) will decide whether to classify Airbnb as an online booking service or real estate agent this month, amid a battle against the company from a tourism group, according to Reuters.  The backlash against the company...

ANTITRUST
US Antitrust Regs Probe Google’s Shopping Comparison Tool
December 15, 2019

The U.S. Department of Justice (DOJ) is looking into Google’s online shopping conduct as part of its broader antitrust probe, Bloomberg reported Friday (Dec. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Bank Regulation
UK Banking Investigations Rise 16 Pct YOY
December 15, 2019

Probes into financial institutions in the U.K. are up for the first time since 2015 due in part to an increase in both white-collar and money laundering crimes, the Financial Times reported Sunday (Dec. 15). Get the Full Story Complete the form to unlock this...