Regulations & Policy


  • A hand holding up a smartphone displaying the X app profile of Elon Musk
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    Dan Kitwood via Getty Images
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    X picks up two more state money licenses

    South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature. 

    By Nov. 30, 2023
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    Creative via Getty Images
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    Discover pursues sale of student loan business

    The card issuer said Wednesday it’s seeking to offload its $10.4 billion student loan portfolio.

    By Nov. 30, 2023
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    tommy via Getty Images
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    Trendline

    Payments industry seeks to keep pace with fraudsters

    As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.

    By Payments Dive staff
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    Roy Rochlin via Getty Images
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    Credit card bill battle may slide into 2024

    Prospects for passing the Credit Card Competition Act this year are dimming, but supporters and opponents remain locked in battle over the legislation.

    By Nov. 27, 2023
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    Permission granted by Plaid
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    Plaid poaches Adyen executive for European expansion

    Brian Dammeir sees opportunities for Plaid’s payments business to grow in Europe, particularly in account-to-account payments, he said in a Wednesday interview.

    By Nov. 22, 2023
  • Chinese shopping mall
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    Kevin Frayer via Getty Images
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    Will China be a boon or bust for card networks?

    U.S. card companies have gained a foothold in China’s market, but they must still win over banks and battle behemoth China UnionPay.

    By Nov. 21, 2023
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    Scott Olson via Getty Images
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    Mastercard joint venture approved for China card processing

    The No. 2 U.S. card company now has a means of processing card payments inside China, after years of waiting on Chinese government approvals.

    By Nov. 20, 2023
  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    Creative via Getty Images
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    Q&A

    BNPL regulation could contribute to consolidation: Moody’s analysts

    Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.

    By Nov. 20, 2023
  • Federal Reserve Board Vice Chair for Supervision Michael S. Barr with hand to ear as if trying to listen.
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    Win McNamee via Getty Images
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    5 takeaways from Michael Barr’s remarks at The Clearing House conference

    The Fed's vice chair for supervision expressed optimism about FedNow’s benefits and said he expects it to co-exist with the privately owned RTP network.

    By Nov. 20, 2023
  • European Union flags are pictured outside the European Commission building. The flags are blue with a circle of yellow stars.
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    Carl Court via Getty Images
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    EU digital identity wallet to stir paytech market

    The EU would require big tech companies, like Apple and Google, to offer their customers payment services through the new digital identity wallet if the regulation is approved.

    By Nov. 13, 2023
  • Buy now pay later
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    Khaosai Wongnatthakan via Getty Images
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    BNPL companies face grim outlook, Moody’s says

    Fierce competition, persistent losses and regulatory constraints are likely to push some players out of the buy now, pay later market, Moody’s predicted.

    By Nov. 13, 2023
  • A photo of a person using a Bitcoin Depot bitcoin ATM.
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    Permission granted by Bitcoin Depot
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    Bitcoin Depot CEO weighs in on new California law

    Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

    By Nov. 10, 2023
  • A corporate headshot of Stephanie Ferris, CEO of payment processor Fidelity National Information Services
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    Courtesy of FIS

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    FIS forms board committee to review litigant demands

    Fidelity National Information Services disclosed that its board has formed a committee and hired an independent counsel to review demands tied to a stockholder lawsuit.

    By Nov. 9, 2023
  • Affirm CEO Max Levchin
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    Kevin Dietsch / Staff via Getty Images
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    Affirm CEO welcomes CFPB oversight

    Consumer Financial Protection Bureau supervision “levels the playing field” in buy now, pay later, Affirm’s CEO Max Levchin said Wednesday.

    By Nov. 9, 2023
  • Federal Trade Commission
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    Carol Highsmith. (2005). "The Apex Building" [Photo]. Retrieved from Wikimedia Commons.
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    FTC, Florida reach $150,000 settlement with Chargebacks911

    The Federal Trade Commision and Florida had sued the company for using deceptive tactics to prevent consumers from disputing credit card charges.

    By Nov. 9, 2023
  • A sign with the 'Citi' logo
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    Mario Tama via Getty Images
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    Citi fined $25.9M over alleged discrimination

    The bank, between 2015 and 2021, denied certain credit card products to applicants with surnames ending in “ian” and “yan,” suffixes that Citi employees associated with Armenian national origin, the CFPB said.

    By Anna Hrushka • Nov. 8, 2023
  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB proposes new oversight for payment tech firms

    Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased regulation if a new Consumer Financial Protection Bureau rule is approved.

    By , Nov. 7, 2023
  • Venmo small business feature.
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    Courtesy of Venmo
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    PayPal discloses SEC, CFPB probes

    The digital payments company said it’s cooperating with a Securities and Exchange Commission probe of its stablecoin, and a Consumer Financial Protection Bureau inquiry related to bank transfers.

    By Nov. 3, 2023
  • Blocks show the words "buy now pay later"
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    Sviatlana Zyhmantovich via Getty Images
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    Breaking down buy now, pay later

    After its pandemic-era growth spurt, buy now, pay later has gone mainstream in consumer payments. But changing economic conditions are forcing the installment trend to evolve.

    By Nov. 3, 2023
  • A man standing in front of a black background with the outline of the Apple logo
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    Justin Sullivan via Getty Images
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    Apple’s payments regulation woes mount

    Regulators in the Netherlands, South Korea and Australia have targeted the tech giant’s payments business, and antitrust litigation is brewing in the U.S.

    By Nov. 2, 2023
  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
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    Klarna transfers 500 jobs in cost-cutting move

    The buy now, pay later provider is outsourcing about 500 positions in 10 markets to two partners, a company spokesperson said.

    By Nov. 2, 2023
  • Federal Trade Commission
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    Carol Highsmith. (2005). "The Apex Building" [Photo]. Retrieved from Wikimedia Commons.
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    Non-bank financial institutions must report data security breaches: FTC

    The amendment to the FTC’s Safeguards Rule would require non-banking financial institutions to report when they discover information impacting at least 500 people has been accessed without authorization.

    By Rajashree Chakravarty • Nov. 1, 2023
  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    Payments players react to debit cap cut

    The CEOs of Mastercard and Global Payments chimed in with opposing views of the Federal Reserve Board’s proposal to lower the cap on debit interchange.

    By Oct. 31, 2023
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    South_agency via Getty Images
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    Frequent flyer programs drawn into credit card bill fray

    Sens. Dick Durbin and Roger Marshall, who have introduced legislation to spur credit card competition, called on federal regulators to investigate card frequent flyer program abuses.

    By Oct. 31, 2023
  • Entrance to CFPB building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    Affirm sees CFPB supervision on the horizon

    The buy now, pay later company expects to begin being supervised by the federal watchdog in the “immediate future.”

    By Oct. 30, 2023
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    Chip Somodevilla via Getty Images
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    Discover discloses SEC probe

    A pricing error by the card company that affected merchants and merchant acquirers triggered the investigation.

    By Oct. 27, 2023