Regulations & Policy

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    Chip Somodevilla via Getty Images

    Powell says Fed paper on CBDC is weeks away

    The oft-delayed digital currency white paper is coming "within weeks," Powell said Tuesday, but is "an exercise in asking questions and seeking input ... rather than taking a lot of positions."

    By Dan Ennis • Jan. 13, 2022
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    Alex Wong via Getty Images

    Merchant group prods Fed on debit routing proposal

    The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.

    By Jan. 12, 2022
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    Courtesy of Sam's Club

    Card reward programs are the rising tide to lift all boats

    The chairman of the Electronic Payments Coalition argues "Americans— regardless of income—love their credit card rewards programs." And the programs benefit consumers and merchants alike, he contends.

    By Jeff Tassey • Jan. 11, 2022
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    Permission granted by Electronic Transactions Association

    Crypto, privacy lead legislative priorities for payment trade group

    The Electronic Transactions Association said legislative moves related to those issues will be among the most important it's tracking this year at the state and federal government levels.

    By Jan. 7, 2022
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    Sean Gallup / Staff via Getty Images

    The potential payments peril of punishing Russia

    The international community is weighing kicking Russia out of the Swift global payments network as a sanction for the country's aggression in Ukraine, but it could backfire.

    By Jan. 6, 2022
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    Justin Sullivan via Getty Images

    American Express delays new work model due to omicron

    The company, which had expected to bring more employees back to U.S. offices later this month, isn't alone in postponing return plans due to another rise in COVID-19 cases.

    By Jan. 5, 2022
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    Tero Vesalainen via Getty Images

    7 payments trends for 2022 as innovation climbs

    From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.

    By , , Jan. 4, 2022
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    Justin Sullivan via Getty Images

    Green Dot, PayPal helped recover $400M in stolen relief funds

    Criminals have swindled nearly $100 billion through fraudulent applications since the start of the pandemic in the U.S., the agency said. Some payment companies aided in the effort to recover the money, CNBC reported.

    By Robin Bradley • Dec. 30, 2021
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    Retrieved from Facebook on December 09, 2021

    Tech trade group criticizes CFPB payments probe

    The Electronic Transactions Association, a trade group representing tech companies, asked the Consumer Financial Protection Bureau to explain how the agency's inquiry fits within its authority.

    By Dec. 21, 2021
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    Courtesy of Tricia Harte

    BNPL growth prompts change from credit bureaus

    Paying in installments has become wildly popular, but many of these plans aren't reflected on consumers' credit reports. Credit agencies say adaptations are coming.

    By Dec. 20, 2021
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    VioletaStoimenova via Getty Images

    Bankers group presses CFPB to expand tech probe

    Independent Community Bankers of America is urging the Consumer Financial Protection Bureau to sweep data aggregators into its inquiry into the practices of payment tech companies.

    By Dec. 20, 2021
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    Courtesy of Klarna

    Feds increase scrutiny of buy now-pay later

    The Consumer Financial Protection Bureau is concerned about consumers taking on too much debt, and about BNPL providers evading laws. As a result, it's demanding information from five of the biggest players in the emerging industry.

    By , , Dec. 16, 2021
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    ViewApart via Getty Images

    Gen Zers relied on buy now-pay later for holiday shopping. It's time to pay up.

    Look up #Klarna, #Afterpay or #Affirm on the social media site TikTok. Beneath some of those BNPL provider hashtags are videos of teens dancing and lip syncing to viral sounds, with the balances they owe in the background.

    By Maria Monteros • Dec. 15, 2021
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    Win McNamee/Getty Images via Getty Images

    How Elon Musk's mood drives crypto

    The world's richest man can send cryptocurrency prices soaring or plummeting depending on his mood. This year, Dogecoin has been the object of his affection, and derision.

    By Dec. 14, 2021
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    Megan Quinn/Payments Dive

    Crypto execs urge regulation tailored to risks

    They told lawmakers at a Wednesday hearing on Capitol Hill that nothing short of U.S. leadership in the field of digital assets is at stake.

    By Dan Ennis • Dec. 10, 2021
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    Rebecca Pifer/Payments Dive

    Fintech firms lock arms for new standard

    Digital finance company Plaid is leading a group of fintechs, data security companies and compliance firms in developing a new standard to protect confidential consumer data from hackers.

    By Dec. 9, 2021
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    Kevin Dietsch via Getty Images

    For hourly workers, the paycheck is the enemy

    The magnitude of financial precarity in America is staggering. This is why employers have a responsibility for the financial health of their workers.

    By David Baga • Dec. 8, 2021
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    Courtesy of Coinbase

    Coinbase president seeks "rules of the road"

    At a Tuesday conference, Emilie Choi reiterated the company's call for a single regulator to oversee the emerging digital asset industry. She also said the company remains on the hunt for acquisitions.

    By Dec. 8, 2021
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    Courtesy of PayPal

    Bank groups spell out payments industry concerns

    "Consumers can make better-informed choices if they more fully understand a big tech’s ability to collect and use a consumer’s financial transaction data, or directly and regularly access their bank account using their sign in and password," the trade groups say.

    By Dec. 8, 2021
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    Chip Somodevilla via Getty Images

    New York Fed, BIS partner on fintech research center

    The innovation hub is meant to support the U.S. central bank's analysis of digital currencies, including CBDCs, and to help make cross-border payments faster and less expensive, Fed Chair Jerome Powell said.

    By Robin Bradley • Dec. 7, 2021
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    CardX CEO Jonathan Razi testifies before the Colorado House Business Affairs & Labor Committee earlier this year. Retrieved from CardX on July 8.

    Will Stax acquisition of CardX mean more surcharging?

    With the Stax acquisition of CardX last week, the combined company plans to scale its mission of bringing surcharging tools to more merchants.  

    By Dec. 6, 2021
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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 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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    Arturo Holmes via Getty Images

    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