article thumbnail

Federal Reserve Extends FedNow Service Comment Period

Perficient

The FedNow Service is a new 24x7x365 service that will support instant payments in the United States and is expected to be available in 2023. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551.

DC 309
article thumbnail

Today In Payments: LendingClub Gets OK To Acquire Radius Bancorp; GDPR Penalties Escalate As EU Officials Crack Down

PYMNTS

In today’s top news, LendingClub gets approval to acquire Radius Bancorp, and GDPR fines have escalated as European regulators step up enforcement. Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators stepped up enforcement efforts.

DC 142
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Text Messages From Debt Collectors? Not in My Backyard!

CFPB Monitor

It took 44 years for the law to catch up to modern technology, but the CFPB finally did it in 2021 with Regulation F’s guidelines for FDCPA-compliant electronic communications like email and text messages. Regulation F’s call frequency limits do not apply to email, text messages, or other electronic communications.

DC 78
article thumbnail

Data Enablers: Valen Makes Insurance Human Again

PYMNTS

PYMNTS: How does your business overlap with the payment processing or eMerchant world? DC: There is significant crossover between FinTech and InsurTech. Both are in heavily regulated industries that have historically been very slow to adopt new technologies. We’re allowing insurers to take the same approach.

DC 101
article thumbnail

DoorDash IPO Soars; Commission Caps Make Early News

PYMNTS

Read More On DoorDash: DoorDash Shares Surge Over 85 Pct On First Trading Day Today In Payments: Cybersecurity Firm FireEye Hacked By Nation-State; PayPal’s iZettle Intros QR Codes At POS In UK DoorDash Goes Public At $182 Per Share DoorDash Ordered To Cut DashPass Commissions By DC Attorney General.

article thumbnail

Blockchain Tracker: Capitol Hill To Startups, Incubators Inbetween

PYMNTS

Earlier this week, blockchain arrived on Capitol Hill by way of the formation of the Congressional Blockchain Caucus focused on examining and educating lawmakers on the payments technology and issues associated with the digital currency. Trick question, no riddle here: In all of about 48 hours, Washington, D.C. Jared Polis (D-CO) and Rep.

article thumbnail

Bitcoin Daily: German Crypto Firm Shuttered After Pyramid Scheme Accusations; People’s Bank Of China Denies Bogus Announcement Of Stablecoin Launch

PYMNTS

But in May, authorities in Namibia called Karatbar a pyramid scheme, while last month, Florida’s financial regulator denied that the company had been issued a banking license. I hope everybody will join this platform,” he said in a video, according to The Guardian.

DC 100