PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. Foreign companies operating in Turkey that reach more than 1 million people daily have been told about some of the rules they need to comply with,” Sayan said on social media.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

FEBRUARY 17, 2020

increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government said its media regulator, known as Ofcom, would be given new oversight to monitor and regulate material posted on the web by companies such as Facebook, Google and Twitter. In the U.K.,

Regulation 140

Regulation Google Operations Company 140

PYMNTS

DECEMBER 18, 2019

The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. Many in the country have been calling for an organization to stymie the power of Big Tech companies, including the U.K.’s 18) outlining new regulatory oversights for the tech sector.

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Regulation Google Policies Meeting 134

PYMNTS

MAY 6, 2019

The news came Thursday (May 2) that, per a ruling in federal court in New York, the State Department of Financial Services can move forward with a suit that looks to derail national bank charters for FinTech companies. The national licenses would let FinTechs lend money and paychecks to consumers. lakh (roughly $1.6

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National Fintech New York Exercises 165

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. We have formed a working group of state regulators to develop the model. Our FinTech industry advisory panel did include a few community banks.

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Regulation Fintech Community Bank Community 147

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We Specific Concerns .

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Regulation National System Industry 349

PYMNTS

JUNE 14, 2019

Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to a report by CNBC. “I I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences,” Pichai said. So we have to balance both.

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Google Regulation Comparison Leadership 108

PYMNTS

MARCH 3, 2020

In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Two Chinese Nationals Charged With Laundering $100M In Crypto.

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Apple National cryptocurrency Payments 132

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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Regulation social media cryptocurrency United States 129

PYMNTS

DECEMBER 26, 2019

Digital asset financial services platform BitOoda Holdings, LLC notched a $7 million seed round, the company said in an announcement. The brands also reportedly claim an affiliation with Bdswiss Holding Plc, which has its CIF License and is already regulated in the country.

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Bitcoin Branding Regulation National 131

PYMNTS

AUGUST 28, 2019

Kadena’s existing blockchain clients include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, and leading Latin American technology business Alteum, as well as one of the world’s top 100 largest banks, and Fortune 500 companies. “In

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Policies National cryptocurrency Bitcoin 116

PYMNTS

MARCH 19, 2018

Mastercard ’s Co-President of Asia-Pacific Ari Sarker said the payment company would happily look into facilitating the use of digital currencies that are issued by central banks around the world. Mastercard is one of several credit card companies that have made it tougher for customers to use their payment cards to purchase bitcoin.

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National cryptocurrency Bitcoin blockchain 103

PYMNTS

MARCH 12, 2019

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ).

Taxes 132

Taxes Company US social media 132

PYMNTS

APRIL 26, 2016

Bitstamp has stamped its name in the record books in the EU for being the first company of its kind to secure a national license to operate as a bitcoin exchange. The company was awarded a license by the Luxembourg government, which recognizes it as a fully regulated, licensed exchange.

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Bitcoin National Security Regulation 100

PYMNTS

JUNE 10, 2016

As a general rule, most startups aren’t too happy when the regulator comes around, and it is rarely indicative of good news. These days, however, Uber is spending its time, increasingly, in court and has even managed to allow things to break down completely in Austin such that it doesn’t operate there anymore.

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Regulation National Austin Fintech 100

PYMNTS

SEPTEMBER 23, 2020

Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms. PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to additional companies in Europe. Small companies can have instantaneous access to their PayPal funds and unlimited 0.5 Germany and the United Kingdom.

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Cards Google Regulation cryptocurrency 214

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., s National Cyber Security Centre to determine how large the breach was and how many people in the U.K.

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Regulation Cyber Security Connecticut Illinois 100

PYMNTS

DECEMBER 12, 2016

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. As of now, only motor vehicle manufacturers can operate self-driving car networks in Michigan. On Friday of last week (Dec.

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Michigan Regulation Florida Apple 100

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

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United States Regulation Payments Lending 217

PYMNTS

AUGUST 29, 2017

federal and state laws require financial institutions to set policies and procedures to detect and prevent illicit money transfers, including screening customers and reporting suspicious transactions to regulators. Habib Bank has submitted an application to DFS to shut its New York operations. That bank still has a New York branch.

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New York Regulation Compliance United States 102

CFPB Monitor

OCTOBER 4, 2018

On September 21, 2018, the Attorney General for the State of Washington filed a lawsuit (see complaint ) against several companies engaged in purchasing charged-off consumer debts, for operating as “collection agencies” without a license, in violation of the Washington Collection Agency Act (WCAA).

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Washington Operations Regulation National 84

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. No entity currently engaged in a bankruptcy proceedings is eligible for the program.

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Regulation United States Community Bank National 122

PYMNTS

SEPTEMBER 28, 2020

s license to operate on Monday (Sept. 28), ending a 10-month fight between the ride-hailing company and regulators, The Wall Street Journal reported. This decision is a recognition of Uber’s commitment to safety,” the company said. A London judge reinstated Uber Technologies Inc. 's

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Regulation Groups Data Operations 150

PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. s National Health Service. A recent report found financial service companies lose an average of $16.53 million each year because of cybercrimes.

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Regulation National Online System 116

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

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Taxes Compliance Regulation Google 143

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

MARCH 20, 2020

They’re made by DJI, a Chinese company, and the department plans to also add night vision cameras to the flying vehicles. “We The vice president of policy and legal affairs at DJI, Brendan Schulman, said the Federal Aviation Administration should “readily grant waivers on restrictions that might impede beneficial operations.” .

California 315

California Apple Policies National 315

PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

Abrigo

APRIL 6, 2022

Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs. Background Historically, the federal banking regulators required financial institutions to file two types of reports for certain cybersecurity incidents.

Security 195

Security Regulation District of Columbia United States 195

PYMNTS

JULY 23, 2019

The European Commission says it isn’t concerned about the lack of major fines against tech companies during the first year of its General Data Protection Regulation (GDPR). National data-protection authorities have adopted a balanced approach to enforcement powers,” said the commission, according to the Financial Times.

Regulation 108

Regulation National Data Apple 108

PYMNTS

AUGUST 25, 2016

The company takes a more narrow focus to small business lending than some other FIs by targeting the western U.S. That focus provides insights into the direct link between lenders, their SME borrowers and the communities in which those businesses operate. the threat of regulation is headed the way of the alternative finance player.

Regulation 100

Regulation Lending Community California 100

PYMNTS

JULY 16, 2020

United Nations Federal Credit Union (UNFCU) has partnered with cross-border payment network Thunes in order to bring mobile wallet money transfers in local currencies to members, according to a press release. Chief Member Operations Officer Bill Thomas said UNFCU is “dedicated to providing our members with financial peace of mind.”

Mobile 167

Mobile National Operations Regulation 167

PYMNTS

NOVEMBER 3, 2020

Critics have charged that the company’s main purpose is to sue big companies for infringing on patents that it owns. VirnetX, for its part, addressed the “troll” accusation head-on in a company blog post that explained how its technology “made a genuine contribution to U.S. national security.”. "On

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Apple Nevada Texas Maine 226

PYMNTS

DECEMBER 19, 2017

A European Union court is slated to decide later this week if ridesharing firm Uber is a digital company or one that provides transport services. If the court decides Uber is a transportation company, that decision should not have an immediate impact on the company’s operations.

Regulation 128

Regulation Operations Company Online 128

PYMNTS

FEBRUARY 6, 2020

Lauren Saunders, who serves as associate director of the National Consumer Law Center, said state-regulated lenders “lauder their loans up to 160 percent annual percentage rates through banks in order to evade state interest rate caps. These schemes are spreading across the country and are starting to explode.”. The Rent-a-Bank Scheme.

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Utah National California Regulation 130