Legislation

Legislation is law which has been promulgated by a legislature or other governing body or the process of making it. Before an item of legislation becomes law it may be known as a bill, and may be broadly referred to as "legislation", while it remains under consideration to distinguish it from other business.

Source: en.wikipedia.org

Card Interchange Fee Debate Confuses Costs With Who Pays Them

Card Interchange Fee Debate Confuses Costs With Who Pays Them
Card Interchange Fee Debate Confuses Costs With Who Pays Them
December 21, 2023  |  Credit Cards

Card interchange fees have fierce defenders and heated detractors. Turn on the financial news, and commentary might touch on whether cards are “free” — and...

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5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in 2024 
5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in...
December 20, 2023  |  Legal & Regulation

December’s on the way out. Congress is quiet, on recess until the beginning of next year. The Supreme Court’s not hearing arguments at the moment....

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Lawmakers Seek Delay on Beneficial Ownership Rules Affecting Small Businesses
Lawmakers Seek Delay on Beneficial Ownership Rules Affecting Small Businesses
December 20, 2023  |  SMBs

A group of Republican lawmakers wants the government to delay new small business reporting requirements. Starting Jan. 1, many businesses will be required to provide...

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Is the EU’s AI Act Historic or Prehistoric?
Is the EU’s AI Act Historic or Prehistoric?
December 13, 2023  |  Artificial Intelligence

The European Union’s Artificial Intelligence Act officially reached provisional status Friday (Dec. 8). It took three days and 36 hours of political back-and-forth, but the...

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Google Delivers Formal Response to EU’s Threat to Ad Tech Unit 
Google Delivers Formal Response to EU’s Threat to Ad Tech Unit 
December 08, 2023  |  News

Google has made a formal response to the European Union’s (EU) threat to break up its profitable advertising technology (ad tech) arm, calling the allegations “flawed.”...

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Face-Scanning Technology Becomes Focus of EU’s AI Act Negotiations 
Face-Scanning Technology Becomes Focus of EU’s AI Act Negotiations 
December 08, 2023  |  Artificial Intelligence

European Union (EU) negotiators are reportedly engaged in discussions to establish the most comprehensive regulation of artificial intelligence (AI) in the western world.  After a marathon...

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Europe’s AI Legislation Exempts Open-Source Models
Europe’s AI Legislation Exempts Open-Source Models
December 07, 2023  |  Artificial Intelligence

Europe’s new AI legislation could reportedly go easy on open-source artificial intelligence models. Lawmakers in Europe were still hammering out the details of the landmark AI Act...

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As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
December 06, 2023  |  Legal & Regulation

The question must be asked as Rep. Patrick McHenry, R-N.C., takes his leave of Congress: What happens to financial services regulation, and by extension, payments...

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