Skip to main content
Google Tag Manager
Sign up to emails
Request a trial
US: House of Representatives Approves Small Business Cybersecurity Act
11th Oct 2017 | Written by:
On October 11, 2017, a draft bill of National Institute of Standards and Technology (NIST) Small Business Cybersecurity Act was approved the U.S. House of Representatives....
Industry Opens New Line Of Assault On U.S. Arbitration Rule
6th Oct 2017 | Written by:
A consortium of U.S. trade interests has brought court action against the beleaguered federal consumer protection regulator in an attempt to strike out its incoming arbitration rule.
Firms Feel The Cost Of U.S. Arbitration Rule Uncertainty
28th Sep 2017 | Written by:
U.S. financial firms are grappling with legal uncertainty as the Senate dithers over the Consumer Finance Protection Bureau’s controversial arbitration rule, dividing their energies between...
Lawmakers Push For Modernized U.S. Financial Crime Regime
26th Sep 2017 | Written by:
U.S. legal experts have praised efforts to bring the country’s anti-money laundering regime into the 21st Century, after a draft bill suggested widespread reforms to transaction monitoring and...
$100m Wells Fargo Fine Was Minimum Acceptable, Claims CFPB Memo
22nd Sep 2017 | Written by:
A recent memo suggesting that the Consumer Financial Protection Bureau (CFPB) could have brought a $10bn penalty against Wells Fargo for recent violations has come to light....
FinCEN Issues Warning Over Venezuelan Fund Flows
21st Sep 2017 | Written by:
in Washington, D.C.
Federal regulators are telling U.S. financial institutions, especially those located in south Florida and Texas, to be aware of Venezuelan officials trying to move or hide illegal assets.
U.S. Lawyers Urge Regulators To Think Small
14th Sep 2017 | Written by:
Legal experts are advising U.S. lawmakers and financial institutions to turn their regulatory attention to a more intelligent focus on smaller transactions, rather than singling out only large...
US: Federal Reserve Next Steps in the Payments Improvement Journey
11th Sep 2017 | Written by:
On September 6, 2017 the U.S. Federal Reserve published a report titled "Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey", which...
Payment Firm Square Seeks Rare U.S. Banking License
8th Sep 2017 | Written by:
Payment processor Square is formally applying to be established under the Industrial Loan Charter (ILC) in the U.S., a form of banking license, prompting mixed reactions from commentators.
U.S. Fed Keeps Firm Hand On Faster Payments
7th Sep 2017 | Written by:
Although the new faster payment system in the United States has been touted as an industry-led effort from its inception, a new paper makes clear that authorities will maintain a firm involvement...
U.S. Regulator Uncovers Payment Processing Scam
5th Sep 2017 | Written by:
Federal authorities have revealed that a Utah-based criminal enterprise used shell companies to exploit acquirers and card schemes, processing more than $3m obtained through telemarketing scams.
Online Payment Service Dragged Into Wells Fargo Probe
5th Sep 2017 | Written by:
The U.S.’ largest bank has promised to repay nearly $1m to users of its online bill payment service, after a new review showed last year’s cross-selling scandal was more widespread than initially...
New Fed Payments Director Speaks To PaymentsCompliance
31st Aug 2017 | Written by:
David Sapenaro was named as the new director of payments strategy at the U.S. Federal Reserve last week; in this exclusive interview with PaymentsCompliance he lays out the authority’s vision for...
U.S. Payments Firms Taking No Chances Over Political Tension
25th Aug 2017 | Written by:
Reputational risk could pose a regulatory threat to payment providers, legal experts have warned, after multiple firms took steps to disassociate themselves from political tensions in the U.S.
American Express Falls $96m Foul Of Consumer Watchdog
24th Aug 2017 | Written by:
American Express has been fined $1m and ordered to pay $95m in redress to consumers after being accused of providing inferior card terms in Puerto Rico, the U.S. Virgin Islands and other territories.
Banks Still Liable Despite ‘Choke Point’ Closure
23rd Aug 2017 | Written by:
Operation Choke Point has been ended by the Trump administration, but legal experts are doubtful its absence will ease compliance obligations on banks and payment processors.
Meet the team
Sign up to emails
Terms and Conditions
St Clare House, 30 Minories
+44(0)207 921 9980
United States Of America
1725 I Street NW, Suite 300
+1 202 261 3567