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...
The possible dawn of legal sports betting in the United States could mean a significant new source of business for payment processors — but even if the Supreme Court’s judgment does fall that way...
On April 3, 2018 the Financial Crimes Enforcement Network (FinCEN) published frequently asked questions (FAQs) to assist covered financial institutions in understanding the scope of the Customer...
On March 8, 2018, the Bank of Israel (BOI) announced that a memorandum of understanding (MoU) had been signed between itself and the New York State Department of Financial Services (NYSDFS) to...
On March 1, 2018, the Office of the Governor Doug Ducey of the state of Arizona published Executive Order 2018-03, which proclaims the establishment of the Arizona Cybersecurity Team (ACT)....
On March 1, 2018 the Federal Reserve published an announcement that the Secure Payments Task Force will be concluding its efforts this month with a final publication of a collection of educational...
On February 20, 2018 the Department of Justice announced that attorney general Jeff Sessions has ordered the creation of the Cyber-Digital Task Force. The newly-created task force, within the...

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