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Weekly News In Brief: June 9, 2017
9th Jun 2017 | Written by:
The Bank of Israel attempts to tighten security of the country's payment card market; Dodd-Frank Act reforms pass the U.S. House of Representatives; the FSB examines fintech, virtual currencies...
Durbin Amendment Lives To Swipe Another Day
30th May 2017 | Written by:
Republicans in the U.S. House of Representatives have dropped plans to remove controls on payment card “swipe” fees, as part of a planned repeal of the wide-ranging Dodd-Frank Act.
Retailers Revolt As U.S. Threatens End Of Card Fee Caps
2nd May 2017 | Written by:
Updated legislation has been published by U.S. policymakers, pushing forward plans to strike out restrictions on debit card swipe fees by abolishing the Durbin Amendment.
Trump Urged To Review Durbin, CFPB, And Prepaid
7th Feb 2017 | Written by:
A U.S. presidential review of financial regulations has opened a further front in long-standing political battles over debit processing caps, the federal consumer finance regulator, and prepaid...
Key Regulatory Trends And Industry Issues For 2017
3rd Jan 2017 | Written by:
After a turbulent and unpredictable 2016, the global payments industry has its work cut out to prepare for a flurry of regulatory, legislative and policy reforms.
U.S. Investigates Third-Party Payment Access
18th Nov 2016 | Written by:
U.S. federal regulators are inquiring into how consumer finance companies are using and abusing customer data, in a move that may lead authorities to constrain the sector with further rules.
Trump Victory Threatens CFPB, Cordray And Durbin Amendment
10th Nov 2016 | Written by:
Payments regulation in the U.S. is facing the prospect of a radical overhaul after the surprise election of Republican Donald Trump as the next President alongside a Congress dominated by his...
U.S. Fed Clarifies Routing Rules For Debit Cards
9th Nov 2016 | Written by:
U.S. authorities have ordered card networks to stop inhibiting merchants’ ability to choose which payment networks will process their debit transactions.
U.S. Card Networks To Face EMV Conspiracy Suit, Judge Rules
6th Oct 2016 | Written by:
Visa, Mastercard, American Express and Discover will face a court battle over allegations they conspired to dump payment fraud costs onto small merchants, following a ruling from a U.S. federal...
Durbin Amendment Unlikely To Be Undone, Experts Say
22nd Sep 2016 | Written by:
A U.S. bill that would scrap rules around swipe fees and consumer finance is unlikely to become law, according to legal experts, despite gaining approval from the House Financial Services...
Weekly News In Brief: September 16, 2016
16th Sep 2016 | Written by:
PSR designates first UK account switching service; FATF tells Canada to close money laundering loopholes; and U.S. House Committee backs CFPB, Durbin reform.
Weekly News In Brief: August 26, 2016
26th Aug 2016 | Written by:
U.S. officials probe SWIFT after cyber-heist; Indian authorities ponder data sharing for payments; Singapore opens consultation on payments reforms; Capitol Hill prepares for clash on swipe fees;...
Durbin For U.S. Credit Cards ‘Would Cost Issuers $15bn’
12th Aug 2016 | Written by:
Caps on swipe fees for U.S. credit cards would cost issuers as much as $15bn (£11.6bn) per year if they were based on the price of processing transactions, according to new research.
Weekly News In Brief: July 8, 2016
8th Jul 2016 | Written by:
Support grows for retaining U.S. swipe fee caps; Caribbean officials to arrange global stakeholder conference on de-risking; European Parliament approves cybersecurity directive; Europe...
Durbin Amendment Critics Bolster Alliance
28th Jun 2016 | Written by:
State bankers associations have joined a growing effort to undermine U.S. interchange fee regulation as they pledge to support a lawmaker seeking to repeal legislation capping fees for merchants.
Durbin Vows To Defend U.S. Interchange Fee Caps
20th Jun 2016 | Written by:
Senator Dick Durbin has promised to defend rules capping U.S. interchange fees as a rival lawmaker introduces a bill to repeal the controversial legislation on card payments.
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