TechREG
This Week in AI: Optimism, EU Regulations and Lightweight Bots
Friday 15th March - 2:15 pmThis week in artificial intelligence (AI) news, a study examined different views on AI’s future, ...EU Presses Big Tech Companies on AI Threats
Thursday 14th March - 4:10 pmEuropean regulators want to question Big Tech firms about potential threats of generative artificial intelligence ...EC Deepens Investigation of AliExpress Compliance With Digital Services Act
Thursday 14th March - 1:15 pmThe European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of ...Sweden’s Central Bank Proposes Rules to Facilitate Use of Cash
Thursday 14th March - 11:28 amSweden’s central bank, the Riksbank, has proposed several measures to make it easier to pay ...Former Treasury Secretary Steven Mnuchin Aims to Buy TikTok
Thursday 14th March - 10:25 amFormer Treasury secretary Steven Mnuchin is assembling a group of investors to attempt to purchase ...5 Things You Should Know About the New EU AI Regulation
Wednesday 13th March - 4:53 pmEuropean Union (EU) lawmakers on Wednesday (March 13) passed a groundbreaking law on artificial intelligence (AI), setting ...State of the Payment Scam: Banks Battling APP Fraud
Wednesday 13th March - 4:50 pmThe world’s cybercriminals all share one thing in common: they understand people can be exploited. After ...Critics Blast CFPB’s ‘One-Size-Fits-All’ Approach to Digital Payments Oversight
Wednesday 13th March - 2:40 pmThe Consumer Financial Protection Bureau (CFPB) is overstepping its bounds when it comes to regulating ...Cash Secures Future as Lawmakers Prioritize Inclusive Payment Methods
Tuesday 12th March - 2:13 pmThe recent move by Norway to enact rules ensuring consumers’ ability to pay with cash ...Apple Lets EU Users Download Apps Directly From Developers
Tuesday 12th March - 1:26 pmApple will let European users download apps directly from developers starting this spring. This announcement Tuesday (March 12) marks ...Nigeria Still Holding Binance Execs Amid Crypto Crisis
Tuesday 12th March - 9:18 amNigeria is still reportedly holding two Binance executives as it deals with a currency crisis. As The Wall ...Swedish Court Fines Klarna $733,324 for Flaws in Privacy Notice
Monday 11th March - 10:43 amKlarna has reportedly been fined 7.5 million Swedish crowns ($733,324) after a Swedish court ruled ...Commonwealth Bank CEO: Apple Needs ‘More Scrutiny in Australia’
Monday 11th March - 9:39 amThe head of Australia’s Commonwealth Bank says Apple’s in-country payments operations need greater oversight. “They should be subjected to a lot ...Report: Shein to be Subjected to DSA Rules
Friday 8th March - 2:46 pmFast-fashion giant Shein is reportedly facing scrutiny under the European Union’s Digital Services Act (DSA). Shein ...US Chamber Sues CFPB to Block Credit Card Late Fee Limits
Thursday 7th March - 5:49 pmThe U.S. Chamber of Commerce filed a lawsuit against the Consumer Financial Protection Bureau, aiming to stop the ...CFPB Draws Fire at Hill Hearing on ‘Politicized’ Financial Regulation
Thursday 7th March - 5:19 pmThe Consumer Financial Protection Bureau (CFPB) came under fire on Capitol Hill Thursday (March 7) ...Apple/Epic Spat Gets EU Attention as DMA Takes Effect
Thursday 7th March - 11:17 amThe European Commission wants answers about Apple’s ejection of Epic Games from its App Store. The commission (EC) has “requested further explanations” from the ...Will Credit Access Get Caught in CFPB Late Fee Cap Crossfire?
Thursday 7th March - 11:04 amThe Consumer Financial Protection Bureau finalized a rule this week slashing what it labeled “excessive credit card late fees,” ...Musk: X Close to Landing NY and CA Payment Licenses
Thursday 7th March - 8:21 amElon Musk says X could soon receive money transmitter licenses from New York and California. The license from ...Banks Say Better to Be Proactive Than Reactive When Making Payments Real Time
Thursday 7th March - 4:00 amFaster payments solve many traditional pain points endemic to legacy payment methods. But although several hundred ...Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities
Wednesday 6th March - 7:18 pmSwiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told ...India to Banks: No More Exclusive Credit Card Agreements
Wednesday 6th March - 2:42 pmIndia wants its banks to stop forging exclusive arrangements with credit card networks. The Reserve Bank of ...Spain to Sam Altman’s Worldcoin: Stop Collecting User Data
Wednesday 6th March - 1:03 pmSpain has ordered Sam Altman’s cryptocurrency project Worldcoin to cease collecting its citizens’ data. The order Wednesday (March ...Apple Announces App Distribution Changes to Comply With DMA
Wednesday 6th March - 10:04 amApple has made some changes to its policies around app distribution in the European Union ...Paytm’s Troubles Drive Indian Customers to Walmart and Google
Wednesday 6th March - 9:04 amPaytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) ...EU Competition Chief Margrethe Vestager Says DMA’s Priority is App Stores
Tuesday 5th March - 8:07 pmThe new Digital Markets Act (DMA) will reportedly focus first on app stores. European Union (EU) ...CFPB Rule Lowers Credit Card Late Fees to $8
Tuesday 5th March - 4:06 pmAmerica’s consumer protection watchdog finalized a rule lowering credit card late fees. In a statement issued Tuesday (March ...Report: US Regulators Could Debut Banking Rules This Spring
Tuesday 5th March - 2:15 pmThe Federal Reserve and other American regulators could reportedly unveil new banking regulations this spring. That’s according to ...CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
Tuesday 5th March - 10:36 amCall it a form of fixed pricing in the banking industry. Financial services are joining the ...Retail Payments Acceptance Presents Innovation Roadblocks
Tuesday 5th March - 4:00 amAmong the many payment acceptance tools now available, embedded solutions provided by a variety of ...Advocacy Groups Call for Regulatory Scrutiny of Walmart’s Vizio Acquisition
Monday 4th March - 6:31 pmSeveral privacy and antitrust groups are reportedly calling for rigorous regulatory scrutiny of Walmart’s planned $2.3 ...Apple Fined $1.9 Billion For ‘Abusive’ App Store Rules
Monday 4th March - 12:56 pmThe European Commission has fined Apple 1.8 billion euros ($1.95 billion) for abusing its place in the music ...Paytm Ends Some Inter-Company Agreements With Paytm Payments Bank
Friday 1st March - 10:26 amIndian digital payments provider Paytm has announced that it will be cutting back on its ...SEC Investigates Whether Sam Altman’s Politicking Misled OpenAI Investors
Thursday 29th February - 11:20 amOpenAI CEO Sam Altman is reportedly under scrutiny as part of an investigation by the Securities and Exchange Commission into ...Thredd’s McCarthy: Capital One-Discover Deal Will Transcend Market Share Grab
Thursday 29th February - 4:02 amThe news that Capital One has launched a $35 billion bid to acquire Discover Financial ...UK Electronic-Money Company Transactive Systems to Cease Operations
Wednesday 28th February - 9:14 pmTransactive Systems, an electronic-money company in the United Kingdom, is reportedly ceasing operations following the ...Report: Apple Makes Last-Minute Attempt to Halt Antitrust Suit
Wednesday 28th February - 9:34 amApple reportedly made an eleventh-hour attempt last week to stave off a federal antitrust suit. The company ...Capital One Says Repair of Discover’s Regulatory Challenges a ‘Big Undertaking’
Tuesday 27th February - 7:57 pmCapital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. “These can ...Enfuce Wins eMoney License From British Regulator
Tuesday 27th February - 10:31 amFinland-based payment processor Enfuce is expanding its operations in the United Kingdom. The FinTech said in ...EU: Microsoft-Mistral Deal Needs Further Investigation
Tuesday 27th February - 10:01 amEuropean regulators are taking a closer look at Microsoft’s new partnership with Mistral. The tech giant ...CFPB Establishes Supervisory Authority Over World Acceptance
Monday 26th February - 12:26 pmThe Consumer Financial Protection Bureau (CFPB) has taken action to establish supervisory authority over installment lender World Acceptance ...OCC Head Concerned About Bank-FinTech Collaboration
Monday 26th February - 12:08 pmMichael Hsu, CEO and acting comptroller of the currency for the Office of the Comptroller ...UK Government Breaks With EU, Takes Pro-Innovation AI Approach
Monday 26th February - 11:59 amThere’s a global race going on with artificial intelligence at its center. It isn’t just a ...Report: Paytm Turning to Banks to Process UPI Transactions
Monday 26th February - 11:17 amEmbattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely ...EU Makes Instant Payments the Law of the Land
Monday 26th February - 8:25 amMaking instant payments in the European Union (EU) just became much easier. The European Council on Monday (Feb. ...Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA
Thursday 22nd February - 11:51 amRaiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial ...Buying Into the Biometric Payment Opportunity in Mixed Reality
Thursday 22nd February - 11:17 amNo single word signals the death knell of an innovation quite like the adjective “clunky.” Yet, ...Germany’s Financial Regulator BaFin Set to Relax Crackdown on FinTechs
Wednesday 21st February - 1:06 pmGermany’s financial regulator, BaFin, is reportedly set to relax its crackdown on FinTechs. The move comes ...Competitors Say Apple’s Plans Don’t Comply With Digital Markets Act
Wednesday 21st February - 11:03 amApple is reportedly facing pushback from rivals like Meta and Microsoft over its plans to ...Apple to Disable Home Screen Web App Installation in EU to Comply With DMA
Monday 19th February - 5:56 pmApple will be disabling the ability to install home screen web apps from iPhones and ...TikTok Vows to Keep Minors Safe After EU Announces Probe
Monday 19th February - 3:49 pmThe European Commission has opened formal proceedings against TikTok under the Digital Services Act, saying ...Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
Friday 16th February - 3:01 pmFederal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers ...Reserve Bank of India Wants ‘Hands-Off’ Approach to FinTech Regulation
Friday 16th February - 11:43 amThe Reserve Bank of India (RBI) reportedly wants to take a “hands-off” approach to regulating ...OCC Closes Sales Practices Consent Order Against Wells Fargo
Thursday 15th February - 3:27 pmThe Office of the Comptroller of the Currency terminated a 2016 consent order against Wells ...McHenry Questions FinCEN Funding Amid Beneficial Ownership Debate
Wednesday 14th February - 5:50 pmA top House Republican says the White House’s new beneficial ownership rules are needlessly complex. U.S. ...Visa, Mastercard Pause BPSP Payments in India Amid Industry-Wide Investigation
Wednesday 14th February - 11:37 amVisa and Mastercard have reportedly paused intermediated commercial card payments in India following an order by ...State-Level AI Legislation Balloons Amid Rise of Deepfakes
Wednesday 14th February - 10:31 amThe rise of AI-powered deepfake technology has reportedly fostered a corresponding boom in state-level legislation. Almost ...UK Finance Watchdog Pulls 35 Crypto Apps Off Market
Wednesday 14th February - 8:25 amThe U.K.’s financial watchdog says cryptocurrency companies still aren’t following the country’s new advertising law. The Financial ...FinTechs Believe CFPB’s 1033 Rule Will Bring ‘Clarity’ to Data Sharing and Foster Financial Services Innovation
Wednesday 14th February - 4:03 amMatt Janiga, legal counsel and director of regulatory and public affairs at Trustly, told PYMNTS ...Bitcoin Reaches $50,000 for First Time in 26 Months
Monday 12th February - 4:19 pmBitcoin’s comeback continues, as the most popular cryptocurrency’s price reached $50,000 Monday (Feb. 12). It was ...Will NY’s New Limits Herald the End of Credit Card Surcharges?
Monday 12th February - 12:41 pmState by state, limit by limit, the age of credit card surcharges may be drawing ...Walmart and Target Fund Campaign to Stiffen Shoplifting Penalties
Friday 9th February - 5:33 pmWalmart and Target are the top funders of a campaign that aims to roll back a California law ...Earned Wage Access Debate Set to Heat Up Between FinTechs and Regulators
Friday 9th February - 5:19 pmThe debate between regulators and FinTechs over the state of earned wage access (EWA) innovations ...Over 200 US AI Firms Join Government’s Consortium on Safety
Friday 9th February - 5:05 pmAdvances in technology have a track record of productively transforming society. Many technological innovations, from the ...This Week in AI: Enterprise Acceleration, EU Rulemaking and Defeating Deepfakes
Friday 9th February - 11:53 amArtificial intelligence (AI) is changing everyday life, heralding a paradigm shift beyond smarter chatbots. And the ...SEC to Enhance Reporting Requirements for Hedge Fund Advisers
Thursday 8th February - 7:22 pmThe Securities and Exchange Commission (SEC) has made amendments to Form PF, a confidential reporting form for SEC-registered investment advisers ...Digital Asset Startups Adopt Loyalty Programs to Engage Users
Thursday 8th February - 4:23 pmDigital asset startups are reportedly turning to loyalty points programs as a means to attract ...PayPal Explores Offline Payments as DMA Looms
Thursday 8th February - 4:20 pmIs PayPal getting ready to offer “offline” payments? The company seems to be indicating a move in that direction as ...TCH: CFPB Data Rule Will Require Stronger Public-Private Collaboration to Safeguard Consumer Interests
Thursday 8th February - 4:01 amAnticipation looms within the financial industry as the Consumer Financial Protection Bureau gears up to ...Will Specter of Public Runs and More Regulation Blunt Stablecoins’ Use in Commerce?
Wednesday 7th February - 4:57 pmStablecoins need more regulation. Stablecoins might, in some cases, cause runs. And as government officials and financial ...The Auto Lending Ecosystem Streamlines Refunds and Cancellations With Automated Compliance
Wednesday 7th February - 11:19 amIn all industries, what happens after the sale can be as critical as the initial ...Mastercard and Last Mile Solutions Partner on Payments at EV Charging Stations
Tuesday 6th February - 5:58 pmMastercard and Last Mile Solutions teamed up to make payments at electric vehicle (EV) charging stations ...Closing the Books on the Global Challenge of X-Border Accounting
Tuesday 6th February - 1:56 pmOne of the biggest challenges to account for in cross-border payments is, well, the accounting. It’s ...Ripple Ordered to Produce Crypto Sale Info for SEC
Tuesday 6th February - 10:19 amBlockchain company Ripple has been ordered to share financial statements about cryptocurrency sales with regulators. That ruling came ...UK’s Open Banking Headwinds Point to Pitfalls of Innovation Through Regulation
Monday 5th February - 3:47 pmOpen banking is set to change the world. But viewed through the lens of what’s happened ...
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