PYMNTS
NOVEMBER 10, 2020
The announcement did not specify the regulations, but it did note that the approach will ensure that the CBDC meets “the same minimum standards we expect of other payment methods.”. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We
PYMNTS
FEBRUARY 7, 2020
The Strong Customer Authentication (SCA) regulations say a bank has to verify a person’s identity whenever they make a payment that totals 100 euros ($109.45). A digital bank called Bó , started by Royal Bank of Scotland (RBS), has had to issue 6,000 new cards because of the new regulation.
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PYMNTS
MARCH 6, 2020
Digital payments sent internationally are expected to move past $1 trillion in 2025, but getting to that point will require support from payment providers, regulators and other such firms still building out the necessary infrastructure. The system will come fully online in the city by 2021, according to the MTA.
CFPB Monitor
JANUARY 13, 2020
The governors of California and New York have both proposed to expand the authority of their respective state’s consumer financial services regulator. Governor Newsom’s proposals are part of his 2020-2021 proposed budget. Licensing and examining new industries “that are current under-regulated”. California.
Jeff For Banks
APRIL 27, 2023
Industry pundits in the know about everything financial technology and financial technology firms will soon be clinking martini glasses saluting each other and telling stories about their profitability and number of bank installs they have under their belt. It is a veritable "who" of financial technology firms.
CFPB Monitor
JANUARY 12, 2021
The California Consumer Financial Protection Law (CCFPL) became effective on January 1, 2021. The DFPI is “preparing to open a new Office of Financial Technology Innovation that will engage with new industries and consumer advocates to encourage consumer friendly innovation and job creation in California.
CFPB Monitor
AUGUST 31, 2021
The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Information security program and information systems.
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