Regulation

Regulation
Turo: Why Regulating P2P Carsharing Won’t Level The Playing Field
May 03, 2019

The world of traditional car rentals, generally speaking, doesn’t present a consumer with the world’s greatest experience. One can pick the general category of their rental car, but the specific make and model is going to be a mystery until they go pick it up....

Regulation
OCC Opens Public Comment Period For Innovation Pilot Program
April 30, 2019

The Office of the Comptroller of the Currency (OCC) announced it has opened a 45-day public comment period on its proposed Innovation Pilot Program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Regulation
Tech Lobbyists Oppose California Consumer Privacy Act
April 30, 2019

Lobbying groups and trade associations representing tech giants such as Facebook and Apple have thrown their support towards legislation that could weaken California’s landmark privacy law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
Mastercard, Visa Cut Tourist Interchange In Response To EC Pressure
April 29, 2019

The European Commission announced Monday (April 29) that commitments made by Mastercard and Visa to reduce interchange fees are legally binding under European Union antitrust rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Regulation
India Moves To Ban Cryptocurrencies
April 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports.   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Regulation
CFPB Issues RFI For Remittance Rule At Urging Of CUNA
April 25, 2019

The Consumer Financial Protection Bureau (CFPB) announced Thursday (April 25) that it has issued a request for information on its remittance rule, which had faced calls by the Credit Union National Association for revision. Get the Full Story Complete the form to unlock this article...

Regulation
Deep Dive: The Netherlands Counter PSD2, GDPR Infrastructure Challenges
April 22, 2019

Governments and companies looking to comply with PSD2 have had to meet several deadlines, some of which are still approaching. For FIs and merchants to fully integrate PSD2 regulations into their systems, they must comply with strong customer authentication by this September — a deadline...

Regulation
PSD2 Challenges Leave Norway, Netherlands Playing Catch-Up
April 18, 2019

Since many European Union (EU) countries have now brought PSD2 and GDPR fully into their financial infrastructures, banks and merchants must prepare for the upcoming Strong Customer Authentication (SCA) rule and its fast-approaching September deadline. EU banks and merchants also face the changes to data security,...

Regulation
Stripe On SCA’s $100B-A-Year Problem
April 18, 2019

Strong Customer Authentication (SCA) is set to debut on September 14, and there’s a $100 billion problem looming if merchants across Europe do not make the mad dash to keep up. The PSD2-related regulation counts itself among a raft of those set to become law...