Trump's team announces dismantling of Dodd-Frank Act as FinCEN issues final rule on North Korea; Facebook gains e-money licence in Ireland; the PSR extends its industry probe on payment system access; and Ukraine publishes new draft law on payments.
U.S.: Dodd-Frank, North Korea And Virtual Currencies
The transition team for U.S. President-elect Donald Trump has said the Dodd-Frank Act will be dismantled and replaced.
Repealing Dodd-Frank, a broad piece of legislation that imposes controls on swipe fees and routing for debit cards, has formed a central part of Trump’s financial services policy during campaigning.
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