This week in TechREG, state regulators have been very active proposing new regulations and taking enforcement actions. California probed several crypto lenders for suspending withdrawals and transfers as this may violate the law. The same state also announced that public comments for its new privacy...
The U.S. Chamber of Commerce filed a lawsuit against the Federal Trade Commission (FTC) seeking information about its decision making processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The European Parliament‘s (EP) Internal Market and Consumer Protection Committee almost unanimously approved on Tuesday (July 12) the new EU rules that, according to lawmakers, “aim at protecting consumers online from credit card debt, overdrafts and loans that are unsuitable for their financial situation.” Get...
On Wednesday (July 13), the Treasury Committee at the U.K. Parliament sent letters to Visa and Mastercard requesting them to explain their increases in cross-border interchange fees after the U.K. left the European Union. The companies have until July 27 to respond. Get the Full...
Today in TechREG, the U.K. Parliament sent letters to Visa and Mastercard demanding an explanation for the increase on cross-border fees after the U.K. left the European Union. The inquiry came after the payment regulator in the U.K. signaled that Visa and Mastercard’s increases may...
The Bank for International Settlements (BIS) and the International Organization of Securities Commissions (IOSCO) published on Wednesday (July 13) their guidance on the application of financial market infrastructure rules to stablecoins, including the entities that provide stablecoins. Get the Full Story Complete the form to...
On Friday (July 8) the California Privacy Protection Agency (CPPA) began the process to implement the Consumer Privacy Rights Act of 2020 (CPRA), which updates and enhances the California Consumer Privacy Act (CCPA). Get the Full Story Complete the form to unlock this article and...
California labor standards are beginning to apply to some 70,000 truck owner-operators, who make up the backbone of state’s transportation business, creating another bottleneck in already strained supply lines. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Today in TechREG news, the European Central Bank published several reports warning about the potential financial systemic risks associated with stablecoins and the need to quickly implement the European Union rules on crypto assets. Meanwhile, the Financial Stability Board also warned about the rise in...
