GIACT and Hudson Cook Break Down NACHA’s New Account Validation Rule
The Markets in Crypto-Assets Regulation (MiCAR) is the first standardized legal framework for the issuance and trading of crypto assets. Initial measures taken by BaFin show how regulatory requirements are already being...more
Key developments of interest over the last month include: the U.S. Consumer Financial Protection Bureau's decision to restart the open banking rulemaking process; the UK FCA's publication of a policy statement with final...more
Once parties reach a settlement agreement in a class action or consolidated litigation, the primary focus often shifts to launching the settlement program and swiftly distributing funds to eligible claimants. However, during...more
Today’s ever-shifting business environment means that consumers, businesses, employers, and employees all expect to transact digitally. To remain efficient and competitive, companies must digitally transform their businesses....more
On February 27, Texas State Senator José Menéndez (D) introduced Senate Bill 1736, a piece of legislation aimed at regulating convenience fees associated with electronic payments for motor vehicles. SB 1736 would allow such...more
In the waning days of the Biden Administration, the Consumer Financial Protection Bureau (CFPB) on Jan. 10, 2025, issued a proposed interpretive rule that would provide a framework for determining when the Electronic Fund...more
Payment service providers (PSPs) face a constant challenge to ensure the security of transactions carried out by their customers. The PSD2 Directive introduced standard rules and criteria for this purpose, but there is a...more