CFPB Monitor

MAY 12, 2021

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. Regulation II capped the interchange fee received by large issuers (with $10 billion or more in assets) to 21 cents plus 0.05% of the transaction. Proposed Amendment to Regulation II. New Lawsuit.

North Dakota 78

North Dakota Cards Regulation Fraud 78

Perficient

JULY 11, 2022

Pay in 4 is not currently available for residents of Missouri, New Mexico, North Dakota, South Dakota, Wisconsin, or any US Territories. Consumer advocate groups and regulators have also brought forth concerns about the ramifications of BNPL existing outside of the normal credit-reporting system.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

SEPTEMBER 17, 2019

Interest rates on pawn loans vary as they are regulated by states. Regulations require that pawnbrokers request proof of ownership before making a deal with a potential customer — but the less reputable players in the industry have a nasty habit of forgetting to ask. So what is driving the Pawnaissance?

Ohio 151

Ohio Lending Iowa South Dakota 151

Independent Banker

FEBRUARY 24, 2016

It’s yet another disturbing proposal from the National Credit Union Administration to bureaucratically finagle its way around Congress and federal law. Talk about your captive regulator! When credit unions say “jump,” the NCUA says, “how high?”. Or, more simply, they should adopt a bank or thrift charter.

South Dakota 70

South Dakota North Dakota Montana Wyoming 70

PYMNTS

JUNE 24, 2016

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. When the regulators come marching in, getting out of the way is usually a better idea. The fizzle wears on. Costco Card. Tech is back.

Lending 101

Lending Online South Dakota North Dakota 101

Gonzobanker

DECEMBER 19, 2022

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. banks by market value.”. Thanks for elevating the pressing need for bankers to think more like marketers. You aren’t competing with the supermarket.”.

Community 216

Community Fintech Industry Innovation 216