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Bitcoin Daily: SEC Regs Could Exclude Cryptos; Litecoin Founder Has Eye On Survival

PYMNTS

Warren Davidson (R-Ohio) and Darren Soto (D-Fla.) “In the early days of the internet, Congress passed legislation that provided certainty, and resisted the temptation to over-regulate the market. ” In addition, a Sydney-based startup has launched a crypto debit card that can be used at any business or ATM across Australia.

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DOJ Turns Away From Supreme Review Of Amex Merchant Deals

PYMNTS

That court ruled that the DOJ should have looked at how Amex’s practices impacted both sides of the two-sided market traditionally made up of merchants and consumers. The Supreme Court and circuit courts have yet to “squarely” consider applications of antitrust laws to those aforementioned markets.

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The 2022 GonzoBanker Awards

Gonzobanker

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Acronym of the Year – CCCA (Credit Card Competition Act). In January, we were discussing crypto and the need to formulate customer crypto strategies.

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The CFPB’s Uncertain 2017

PYMNTS

A heated battle over its funding structure and leadership structure probably would not have come up. Effective consumer protection requires providing Americans with the information they need to make informed decisions, policing markets for fraud and deception and promoting competition and choice among financial products and services.”.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

He sensed the family’s passion and liked their idea of starting with selling milk at farmers’ markets, roadside shops and small grocery stores. In each new market opened in 2021, the community bank found an experienced ag lender who was seeking a new position. More than 500,000 customers have received secured cards through the program.

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Four 2023 U.S. Policy Predictions for Financial Services Companies

FICO

There Will be Changes in the BNPL Market, but Major Regulatory Action Is at Least a Year Away. CFPB Director Rohit Chopra has further indicated that he would like to see consumer protections akin to those for credit cards, including improving disclosures and fraud and dispute resolution protections. See all Posts. Related posts.

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Gonzo Notes from Money20/20

Gonzobanker

Continuing on the “Pay” theme, we know all about Apple Pay and the noise it caused in the market last year. By 2019, eMarketer is forecasting $210 billion in spend and estimating that mobile payments will surpass payment cards. That info plus marketing tools got her sales up quite a bit on said rainy days. Apple Pay … not.