Popular, Payment Systems, Banks

The GENIUS Act is Signed into Law: What Banks Need to Know about Payment Stablecoins

Nutter McClennen & Fish LLP on 7/21/2025

On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act”), after it passed both the U.S. Senate by a vote of 68-30 and the U.S. House in a...more

President Trump repeals two CFPB rules

Orrick, Herrington & Sutcliffe LLP on 5/19/2025

On May 9, President Donald Trump repealed two CFPB rules which were brought under the previous administration. The first action repealed the CFPB’s overdraft lending rule (S. J. Res. 18), which would have capped overdraft...more

CFPB Overdraft and Digital Payment Rules Repealed by Trump Administration

Holland & Knight LLP on 5/14/2025

President Donald Trump on May 9, 2025, signed into law measures to eliminate two CFPB rules established under the Biden Administration. The first rule repealed was the CFPB's Overdraft Rule, one aspect of the Biden...more

UK: “Duty of retrieval” rejected: why banks do not owe a duty to recover funds lost through APP fraud

Hogan Lovells on 4/18/2025

Banking fraud of all types is an ever increasing problem in today’s society, and takes a multitude of forms. On a basic level, frauds can be divided into two types. Unauthorised fraud, where the victim does not provide...more

What’s Next for Fintechs in 2025? Key Regulatory Developments to Watch

Goodwin on 1/24/2025

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

National Trust Banks – Revisited for Crypto and Payments

Davis Wright Tremaine LLP on 11/25/2024

In the absence of modern charters and licenses, payments companies and other fintechs—both established financial services providers and new market entrants—must generally obtain 50+ money transmitter and possibly other state...more

[Webinar] FinTech Forum: Emerging Trends in the Legal and Regulatory Landscape - May 18th, 1:30 pm - 5:30 pm ET

Seward & Kissel LLP on 5/16/2023

Seward & Kissel and The Berkeley Center for Law and Business invite you to the inaugural FinTech Forum, which will be held Thursday, May 18, 2023. The event will highlight emerging trends in the legal and regulatory...more

Fed to launch FedNow in July

Orrick, Herrington & Sutcliffe LLP on 3/27/2023

On March 15, the Federal Reserve Board announced a July launch date for its FedNow Service. Beginning the first week of April, the Fed will start formally certifying participants...more

Global Payments Newsletter, July 2020

Hogan Lovells on 7/24/2020

Key developments of interest over the last month include: Australia: Open banking launches with the initiation of the Consumer Data Right. Customers of Australia's four major banks can choose to share certain types of data...more

Current Developments in Bank Deposits and Payment Systems (Spring 2019)

Hudson Cook, LLP on 6/10/2019

This survey summarizes several recent developments affecting bank deposits and payment systems. The U.S. department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued new guidance concerning the customer...more

Allen & Overy's weekly update on Key Regulatory Topics - 8 June 2018 – 14 June 2018

A&O Shearman on 6/22/2018

BREXIT - Please see the Payment Systems and Payment Services section for an update on the HoC’s European Scrutiny Committee thirtieth report of the 2017-19 parliamentary session....more

Apple Pay, Android Pay, Samsung Pay: Where’s Your Wallet?

Goulston & Storrs PC on 10/8/2015

Last week Samsung launched its mobile payments app to compete with ApplePay and Android Pay, with much anticipation among technology bloggers. A few Technorati rushed to try the application so they could compare and contrast...more

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