On September 11, 2018, the Financial Crimes Enforcement Network (FinCEN) published Notice 83 FR 46015, which is addressed to certain financial institutions, including banks, and seeks comments on...
Although U.S. federal authorities have received industry praise for espousing a hands-off approach to open banking, signs are emerging that consumers may prefer lawmakers and regulators to play a...
German and French authorities are planning to build a separate payments channel for companies who want to keep their funds safe from the long arm of US sanctions, but their ambitions for financial...
On August 22, 2018, the Financial Crimes Enforcement Network (FinCEN) released two notices requesting comments on the renewal without change of information collection in existing regulations...
U.S. authorities have taken credit for initiating Latvia’s overhaul of its approach to financial crime, claiming the success of the American sanctions regime against Russia. 
On April 24, 2018, the Federal Reserve System’s Faster Payments Task Force released a draft on the operating vision for the U.S. Faster Payments Council (FPC). The organization aims to implement a ...
U.S. authorities have given high praise to companies handling virtual currency for their increasingly enthusiastic engagement with regulators, hailing the explosion in suspicious activity reports ...
On March 23, 2018 Arizona Governor Doug Ducey signed House Bill 2434 into law, establishing a fintech regulatory sandbox....
The U.S. Federal Trade Commission (FTC) defended itself on Thursday against accusations it has been carrying out similar operations to the controversial, and now mothballed, enforcement program...
With the top U.S. consumer protection regulator facing court challenges to its leadership structure, President Trump’s nomination of Brett Kavanaugh to the Supreme Court could spell major changes...
On July 11, 2018, the White House published an executive order authorizing the establishment of a Task Force on Market Integrity and Consumer Fraud by the Department of Justice. The initiative aims...
On July 5, 2018, the Federal Reserve Board of the Federal Reserve System launched a public consultation on the prospect of adopting ISO 20022 messaging standards on Fedwire Funds Service, a real...
On June 28, 2018, the California Consumer Privacy Act of 2018 was enrolled and published, providing for a protective framework in relation to consumers’ personal data held by businesses and the use...
On June 26, 2018 the U.S. Government Accountability Office (GAO), an independent, nonpartisan agency that provides investigative and evaluation services for Congress, published a report titled ...
The U.S. Supreme Court has thrown out an antitrust lawsuit against American Express, ruling that contractual restrictions on merchants did not amount to anticompetitive conduct by the card scheme.
The New York State Supreme Court has brought an end to a legal battle over prepaid payroll card regulations in the state, but the nature of the decision has set the stage for the war to go on —...

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