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

PYMNTS

A bipartisan bill has been introduced by Congress that would aim to amend the Securities Act of 1933 and the Securities Exchange Act of 1934. Warren Davidson (R-Ohio) and Darren Soto (D-Fla.) ” In addition, a Sydney-based startup has launched a crypto debit card that can be used at any business or ATM across Australia.

Bitcoin 175
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Gonzo Notes from Money20/20

Gonzobanker

Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies. Innovation in security. Apple Pay … not. Two things.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Security Bank Midwest. Security Bank. So, when the community bank’s leadership learned of a fintech that needed a bank partner to launch a credit-building tech product, they were intrigued. Two years ago, Lead Bank and Self expanded the program to include a secured credit card. Ag Lender Score. First State Bank.

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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). What an amazing leadership story. 2008 called and wants its headlines back. Goes to Sen.

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

FICO

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. The SEC rules will require a new cyber security preparedness level that many organizations may not be meeting today. See all Posts.