PYMNTS
MAY 19, 2016
Now that the traditional swipe credit card is starting to fall out of favor in the face of EMV and mobile payments, software developers are scrambling to develop updated ways of authenticating consumers’ identities at the point of sale. ”
CFPB Monitor
JUNE 14, 2021
In March 2021, Illinois Governor Pritzker signed into law SB 1792 , which contains the Predatory Loan Prevention Act (the “Act”). The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”.
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Gonzobanker
SEPTEMBER 21, 2023
Lending: Lending Leaves Change Color Abrigo acquired Valuant for compliance and credit risk and DiCOM Software for automated credit risk software and partnered with Charm Solutions to launch Abrigo Small Business Lending Intelligence. Card issuer and processor Marqeta acquired Power Finance , an embedded fintech credit card program.
PYMNTS
JANUARY 22, 2020
Governments at the state and local level are having trouble meeting this need, however, as they must also balance regulatory compliance standards against the desires of their in-state residents. The state of Illinois is still considering digital disbursements, though innovation remains slow.
PYMNTS
NOVEMBER 23, 2020
“You're not dealing with two-day settlement,” he stated, adding that interoperability also has the ability to foster sticky relationships between merchants and consumers, especially consumers who want perks and high reward cards or coupons. Figure, said Cagney, can offer some of its products in New Yok — but not in, say, Illinois.
CFPB Monitor
SEPTEMBER 4, 2019
Last week, the CFPB announced that that it had entered into a consent order with an Illinois-based debt collection company. According to the settlement, the company’s business consists primarily of purchasing and then collecting on defaulted debt from banks and retail credit card companies.
NCR
SEPTEMBER 2, 2016
Last year, the EMV liability shift for payment terminals saw merchants become responsible for card present fraud conducted on their premises, and this is giving retailers the push they need to adopt tougher security protections. Meanwhile, the shift for Visa payment cards is set for precisely a year later. The impact of the shift.
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