News & Analysis as of

Credit Cards New Regulations

A&O Shearman

FCA policy statement on new regulatory return for consumer credit firms

A&O Shearman on

The UK Financial Conduct Authority (FCA) has issued a final policy statement (PS25/3) on consumer credit regulatory returns, published together with an updated webpage. The FCA is introducing a new regulatory return for...more

McDermott Will & Schulte

How the New PCI DSS 4.0 Will Impact the Automotive Industry

The automotive industry is experiencing a shift to an e-commerce model through direct interactions with the customer to accept credit card payments. This innovation allows drivers and passengers to make payments for products...more

Troutman Pepper Locke

CFPB Reports That College-Sponsored Financial Products Have Higher Fees and Less Favorable Terms

Troutman Pepper Locke on

The Consumer Financial Protection Bureau (CFPB or Bureau) released its 14th annual report to Congress in fulfillment of its requirements under the Credit Card Accountability Responsibility and Disclosure (CARD) Act. For the...more

Womble Bond Dickinson

What Schools Need to Know About CFPB’s Prepaid Accounts Regulation

Womble Bond Dickinson on

Counsel at schools and universities understandably don’t follow legal developments in financial services very closely, but recent changes in regulations affecting prepaid accounts could impact institutions of higher...more

BCLP

Two More States Set to Make Agent of Payee Exemption to Money Transmitter Laws Effective

BCLP on

Today, Michigan's "agent of payee" exemption to its money transmitter law is effective and West Virginia also passed an agent of payee exemption earlier this month that will be effective soon. These developments are part of a...more

Pillsbury - Global Sourcing Practice

Payments Industry Update: European Commission announces regulation of Interchange Fees and a ban on Surcharges

On July 24, the European Commission unveiled its legislative package to adapt the EU payments market to the opportunities of the single market and to support EU economic growth....more

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