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
The Consumer Financial Protection Bureau (CFPB) issued a proposed interpretive rule that, if finalized as written, would bring certain virtual currency products and services, such as stablecoins and digital wallets, within...more
1/14/2025
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Wallets ,
Electronic Fund Transfer Act ,
Financial Institutions ,
FinTech ,
Fraud ,
Interpretive Rule ,
Proposed Rules ,
Regulation E ,
Stablecoins ,
Virtual Currency
The end of October marked the conclusion of another successful year of Money20/20, the premier event for the payments, banking, fintech, and financial services industries. If you missed the conference, fear not. Below is a...more
11/22/2024
/ Artificial Intelligence ,
Banking Sector ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Data Privacy ,
Data Security ,
Financial Services Industry ,
FinTech ,
Innovative Technology ,
Open Banking ,
Payment Processors ,
Payment Systems ,
Popular
With more fintech’s looking to expand their businesses internationally, it can be daunting to navigate varying regulations across borders. This article focuses on regulations in the United States. For those also focused on...more
5/1/2023
/ Banks ,
Cross-Border Transactions ,
Cryptocurrency ,
FDIC ,
Financial Regulatory Agencies ,
Financial Services Industry ,
FinCEN ,
FinTech ,
Payment Systems ,
Regulatory Oversight ,
Regulatory Requirements
Regulatory Developments -
OCC Solicits Research on Implications of Financial Technology for Banking -
On July 25, the OCC is seeking academic and policy-focused research on the impact that fintech and non-bank...more
7/29/2022
/ Accounting Standards ,
Banking Sector ,
CFTC ,
Climate Change ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptoassets ,
Debt Collection ,
FASB ,
FDIC ,
Financial Services Industry ,
FinTech ,
Guidance Update ,
Insider Trading ,
NPRM ,
OCC ,
Public Comment ,
Request For Information ,
Risk Assessment ,
Securities and Exchange Commission (SEC)
Continuing a trend of expanding its supervisory scope, the Consumer Financial Protection Bureau (CFPB) announced on April 25, 2022 that it will examine fintechs and other nonbank financial enterprises, based on reasonably...more
5/10/2022
/ Compliance ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
FinTech ,
FOIA ,
New Rules ,
Non-Bank Lenders ,
Risk Mitigation ,
Supervision ,
Transparency
In This Issue. The Consumer Financial Protection Bureau (CFPB) withdrew its proposal to delay the Debt Collection Final Rules; the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance...more
9/17/2021
/ Banking Sector ,
Banks ,
Broker-Dealer ,
Comment Period ,
Community Banks ,
Community Reinvestment Act ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Debt Collectors ,
Digital Platforms ,
Due Diligence ,
FDIC ,
Federal Reserve ,
Final Rules ,
Financial Services Industry ,
FinTech ,
FRB ,
Investment Adviser ,
Investment Companies ,
Investment Company Act of 1940 ,
OCC ,
Proposed Rules ,
Public Comment ,
Regulation F ,
Retail Investors ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Third-Party Risk
In this Issue. The federal bank regulatory agencies announced that the temporary change to the supplementary leverage ratio for depository institutions will expire as scheduled on March 31, 2021; the Small Business...more
3/25/2021
/ Alternative Reference Rates Committee (ARRC) ,
American Rescue Plan Act of 2021 ,
Banking Sector ,
Consent Order ,
Consumer Lenders ,
Consumer Loan Companies ,
Coronavirus/COVID-19 ,
Depository Institutions ,
Division of Investment Management ,
Enforcement Actions ,
Fair Valuation ,
FDIC ,
Federal Reserve ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Incident Response Plans ,
Interim Final Rules (IFR) ,
Investment Company Act of 1940 ,
Libor ,
NYDFS ,
OCC ,
Partnerships ,
Paycheck Protection Program (PPP) ,
Publicly-Traded Companies ,
Regulation FD ,
Relief Measures ,
SBA ,
Secondary Markets ,
Secured Overnight Funding Rate (SOFR) ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Violations ,
Small Business