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 —...
Anti-money laundering (AML) experts in the U.S. have warned lawmakers against raising the threshold for reporting requirements for financial institutions, saying that cash transactions and deposits...
On January 3, 2018, a draft act relating to blockchain, cryptocurrency, and financial technology was introduced before the Senate of the state of Vermont....
On May 15, 2018, the U.S. Department of Homeland Security (DHS) unveiled its national cybersecurity strategy, outlining the department's approach with regard to the emerging threats to the nation’s...
Federal U.S. regulators have sought to assuage concerns that new due diligence rules for financial institutions could prove overly onerous and result in de-risking of customers.
The U.S. Supreme Court has ruled that federal restrictions on sports betting are unconstitutional, paving the way for payment processors hoping to capitalize on a potentially lucrative new market.
The Consumer Financial Protection Bureau has delayed even further reconsiderations of long-criticized rules affecting electronic payment methods in the U.S., with suggestions the authority is...
New requirements designed to restrict financial crime in the United States gained a mixed reception on Friday, as industry representatives gave their views before the House Financial Services...
On April 17, 2018, New York attorney general Eric T. Schneiderman announced the Virtual Markets Integrity Initiative, for which 13 letters have been sent to virtual currency trading platforms, also...
Ride-hailing services such as Lyft and Uber have changed the way people travel around the cities where they live and work and created a new market for the use of prepaid instruments — but...
The chairman of the U.S. Senate Judiciary Committee is targeting reloadable prepaid and gift cards for regulatory reforms in an effort to rewrite federal money laundering statutes.
The acting head of the U.S. consumer protection regulator again came under fire in his second appearance before a Senate special committee, particularly on the topical issue of monitoring...
The U.S. Consumer Financial Protection Bureau's (CFPB) decision to delay the introduction of new rules for prepaid cards will give the agency’s new director a chance to review the rule, analysts...
On April 9, 2018, the New York Department of Financial Services (NYDFS) published an announcement reminding all regulated entities of the deadline for the submission of their first anti-money...
The U.S.’ once-fearsome consumer protection regulator has formally requested legislative changes to rein in its power and reduce its funding, although legal experts have pointed out the reforms...

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