Regulations & Policy


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    Chip Somodevilla via Getty Images

    SEC Chair Gensler to crypto platforms: Come to us before we come for you

    The SEC head called on digital asset exchanges to register with the agency, citing concerns for "vulnerable" investors. "If we don’t address these issues, I worry a lot of people will be hurt," he said.  

    By Caitlin Mullen • Dec. 3, 2021
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    Dan Kitwood via Getty Images

    Crypto execs to face House panel next week

    Executives from crypto firms Coinbase and Circle are among those in the line-up for a Dec. 8 discussion of "the challenges and benefits of financial innovation" as House lawmakers seek answers.

    By Robin Bradley • Dec. 3, 2021
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    Will the Amazon-Visa dispute spill over to other credit card companies?

    While Visa's rivals are dependent on interchange fees like those at the center of the Amazon-Visa fight, they also might benefit if Amazon tosses some business in new directions.

    By Nov. 30, 2021
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    Kevin Dietsch via Getty Images

    Senate banking chair queries crypto CEOs

    The complexity of stablecoins makes it difficult for investors and consumers to fully understand their potential risks, Sen. Sherrod Brown, D-OH, said in letters to eight issuers and exchanges, including Coinbase and Tether.

    By Anna Hrushka • Nov. 29, 2021
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    Dan Kitwood via Getty Images

    Bank regulators to roll out crypto guidance in 2022

    Tuesday's two-page report didn’t provide many details on how banks should navigate digital assets, but regulators said the industry should expect to see the agencies roll out guidance throughout next year. 

    By Anna Hrushka • Nov. 24, 2021
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    Deep Dive

    Payment Choice Act wins bipartisan backing

    New Jersey Democrat Rep. Payne is trying to preserve cash as a form of payment and collecting support across the aisle, even as the possibility of a U.S. digital dollar gains traction.

    By Nov. 23, 2021
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    Chip Somodevilla via Getty Images

    Biden to nominate Powell as Fed chair

    Lael Brainard, Powell's chief rival for the role, will be nominated as vice chair. Biden intends to announce nominees for three open Fed slots in early December, the White House said Monday.

    By Dan Ennis • Nov. 22, 2021
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    Courtesy of Amazon

    Will Amazon's war of words with Visa backfire?

    Consumers may not tolerate fewer payment options from Amazon, an analyst says. Still, Amazon may be willing to risk angering customers as it pressures Visa and other payment providers to reduce their transaction costs.

    By Nov. 18, 2021
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    "SEC" by SEC is licensed under CC BY 2.0
    Column

    Ripple puts SEC on losing end in crypto regulation proposal

    The company last week said the existing framework can be adapted to fit crypto and touted legislation that would de-emphasize the SEC's role in favor of the CFTC.

    By Dan Ennis • Nov. 17, 2021
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    Courtesy of Toast Inc.

    After much hyped IPO, Toast scales back financial disclosures

    Wall Street analyst raises questions about the company's financial disclosures.

    By Nov. 12, 2021
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    Matt Cardy via Getty Images
    Opinion

    Payments trade group rebuts retailers

    The Electronic Payments Coalition says it wants to set the record straight: "Expanding the Durbin Amendment would be a disaster for consumers and small businesses."

    By Jeff Tassey • Nov. 11, 2021
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    Chopra screen grab/Payments Dive, data from Screen grab

    CFPB's hard line with payments industry may be a hint of things to come

    Six of the biggest tech companies in the US are stepping up to meet the demands of the CFPB's new head, Rohit Chopra, regarding their payments practices.

    By Nov. 8, 2021
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    Chip Somodevilla via Getty Images

    Toomey cautions against proposal to regulate stablecoin issuers as banks

    "I think we have to really think long and hard before we put some onerous regulatory regime on a new technology," the Republican senator from Pennsylvania said.

    By Anna Hrushka • Nov. 8, 2021
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    Chip Somodevilla via Getty Images

    Regulators eye bank-like oversight for stablecoin issuers

    Stablecoins can support beneficial payments options, Treasury Secretary Janet Yellen said, "but the absence of appropriate oversight presents risks to users and the broader system."

    By Anna Hrushka • Nov. 3, 2021
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    Courtesy of Tricia Harte

    Congress debates pros and cons of BNPL

    Buy now-pay later users love the convenience but also are falling behind in their payments.

    By Nov. 3, 2021
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    clikced it myself - Vaidik Trivedi

    Payments tech to draw $40B next year: Forrester

    The research firm's 2022 outlook also anticipates IPOs for major payments players as well as increased use of digital wallets and QR codes.

    By Tatiana Walk-Morris • Nov. 3, 2021
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    Courtesy of Walmart Press Kit
    Deep Dive

    Early wage payments draw scrutiny

    Companies that offer earned wage access, aka on-demand pay, have proliferated in the U.S. Now, legislators and regulators are targeting the industry for more oversight.

    By Updated Nov. 4, 2021
  • Regulator previews coming crypto, stablecoin policy

    Jelena McWilliams shared details about the interagency "crypto sprint" involving the FDIC, the OCC and the Fed, and said the agencies plan to issue a series of policy statements in the coming months.

    By Anna Hrushka • Oct. 28, 2021
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    Christopher Furlong via Getty Images

    Valley Bank unveils payments app for cannabis businesses

    Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said. A "large processor" that's involved wants to remain anonymous.

    By Anna Hrushka • Oct. 27, 2021
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    Alex Wong via Getty Images

    Discover CEO plans payments push

    Discover's Payments business could have a much bigger impact on the company's bottom line, according to analysts at William Blair.

    By Oct. 26, 2021
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    Retrieved from ATPC on July 07, 2021

    Elavon eyes BNPL arena

    Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.

    By Oct. 26, 2021
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    Dan Kitwood/Getty Images News via Getty Images

    Ransomware activity soars, Treasury finds

    The number of "suspicious activity reports" filed this year has already jumped 30% over the 2020 total, and the agency has tracked billions of dollars in bitcoin payments potentially linked to ransomware.

    By Samantha Schwartz • Oct. 19, 2021
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    Matt Cardy via Getty Images
    Opinion

    Retail groups urge credit swipe routing changes

    Retail and merchant trade groups have long pressed policymakers for regulatory changes to reduce card interchange fees. Now, they're urging that routing of credit card transactions be regulated just as debit transactions already are. 

    By Doug Kantor • Oct. 19, 2021
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    Column

    Celsius, Tether and the 'known known'

    Lender Celsius' admission that Tether accepts crypto tokens in exchange for stablecoins should be a bombshell. Rather, it confirms a suspicion regulators held so strongly that they've already penalized Tether for it. Twice.

    By Dan Ennis • Oct. 19, 2021
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    Courtesy of Coinbase

    Coinbase sees single regulator, new framework for crypto supervision

    The approach would keep companies from having to comply with several agencies, which are adapting old laws to new tech, and help maintain the U.S.'s status as a "shaper" of oversight, Coinbase said.

    By Dan Ennis • Oct. 18, 2021