Despite a U.S. federal judge dismissing a lawsuit from state regulators seeking to block plans for a federal fintech charter, the path forward remains a rocky one — and the lingering uncertainty...
A new real-time payment system being developed by the Federal Reserve Bank has garnered opposition from some members of the U.S. Congress who believe a payments system should be built and managed...
The online gaming industry appears to have the upper hand in its battle with the U.S. Department of Justice (DOJ) over the U.S. Wire Act of 1961, but a leading gaming attorney in Washington, D.C....
In an effort to resurrect a ban on internet gambling, the U.S. Department of Justice (DOJ) on Friday appealed a June 3 decision by a federal judge in New Hampshire who ruled the U.S. Wire Act of...
The former head of the U.S.’ sanctions authority has said INSTEX, the payment instrument set up in Europe to enable trade with Iran, is unlikely to ever see success regardless of whether it enables...
U.S. payment providers in the betting market say they are working on a compliance model that can be deployed as soon as a state regulator gives the green light to sports betting, essentially...
The UN is working towards issuing further guidance on its sanctions operations to help firms navigate the increasingly complex array of requirements, amid rising concerns the current regime is...
On June 10, 2019, a group of senators — Tom Cotton (R-Arkansas), Mark R. Warner (D-Virginia), Doug Jones (D-Alabama), and Mike Rounds (R-South Dakota) — introduced a draft bill, the Improving...
On June 7, 2019, the Conference of State Bank Supervisors (CSBS) published the first paper in a series on re-engineering the non-bank supervision industry, which provides an overview of non-bank...
Europe’s financial sector is aiming high for greater alignment between US and EU regulatory regimes in the sector, but experts warn that ongoing divergence in attitudes toward data protection could...
Payment providers in the United States have “tremendous confidence” that facilitating transactions linked to sports betting and online gambling will not be deemed a violation of the Wire Act,...
New York’s financial regulator will get its day in court against the Office of the Comptroller of the Currency (OCC) over the federal authority’s plans to introduce a bank charter for fintechs,...
On April 30, 2019, the Office of the Comptroller of the Currency (OCC) launched a consultation on its Innovation Pilot Program. The program is intended to be voluntary and designed to provide...
A consortium of leading e-commerce and payments companies has backed a push to harmonize money transmitter laws across the United States, but argues that direct congressional involvement is needed...
On April 10, 2019, the Department of Justice published a white paper titled “Promoting Public Safety, Privacy, and the Rule of Law Around the World: The Purpose and Impact of the CLOUD Act”. The...
The Consumer Financial Protection Bureau (CFPB), which was created by the U.S. Congress in response to the financial crisis in 2008, is among the federal government’s most controversial agencies,...

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