Credit card surcharging is on the rise. Imposing a surcharge in a compliant manner is more than adding a fee at the point of sale. Below we review on a high level the legal and commercial considerations for merchants before...more
3/28/2025
/ Banking Sector ,
Contract Terms ,
Credit Cards ,
Disclosure Requirements ,
Financial Services Industry ,
FinTech ,
MasterCard ,
Merchants ,
Payment Processors ,
Retailers ,
Surcharges ,
Visa Inc
With the start of the new year comes new regulatory priorities, regulatory challenges, and regulatory opportunities for fintechs. Below, we lay out considerations for 2025 given the change in administration and accompanying...more
1/24/2025
/ Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Enforcement Priorities ,
FDIC ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Payment Systems ,
Popular ,
Proposed Rules ,
Regulatory Agenda ,
Trump Administration
On January 1, 2025, Massachusetts Gov. Maura Healey approved House Bill No. 4840, which repeals and replaces Massachusetts’ money transmission law with a revised law (MTL Law), which is based in part on the model Money...more
1/17/2025
/ Amended Legislation ,
Banking Sector ,
Compliance ,
CSBS ,
Financial Services Industry ,
Licensing Rules ,
Money Transmission Act ,
Payment Systems ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements
Following months of public hearings and reports on credit card rewards programs, on December 18, 2024, the Consumer Financial Protection Bureau (CFPB) released a circular (Circular) to other law enforcement agencies alleging...more