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North Dakota passes mortgage lender and servicer laws

CFPB Monitor

On April 12, North Dakota Governor Doug Burgum signed into law House Bill 1068 , which creates a new statutory licensing scheme in North Dakota covering residential mortgage loan servicing activities.

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Merchants lose North Dakota debit fee case

Payments Dive

Merchant trade groups that sued the Federal Reserve Board in federal court last year over what they alleged was the central bank's failure to keep debit card fees in check had their case dismissed this week. They said they'll appeal the ruling.

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North Dakota legislation seeks to ban interchange on sales tax

CFPB Monitor

North Dakota SB 2217 , which passed the Republican-controlled state Senate and is currently pending in the House, seeks to prohibit the collection of interchange on the sales tax portion of electronic transactions.

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Supreme Court to consider debit fee case

Payments Dive

Supreme Court agreed to hear the petition of a North Dakota merchant group that sued over the Federal Reserve Board’s calculation of a debit fee cap.

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SCOTUS to Determine When Clock Starts under APA’s Statute of Limitations

CFPB Monitor

In April 2021, the North Dakota Retail Association, North Dakota Petroleum Marketers Association and Corner Post, Inc. Continue Reading

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North Dakota issues Cease Order to Union Bank Payment Coin

The Paypers

(The Paypers) North Dakota’s securities commissioner has issued Russia’s Union Bank Payment Coin with a Cease and Desist Order, after a potentially fraudulent act.

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North Dakota retailers sue Fed, demand lower debit fees

Payments Source

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