Regulations & Policy: Page 12

  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Court approves Mastercard settlement

    The card network entered the agreement to settle a proposed class action that alleged it discriminated against Black, Hispanic and female employees by underpaying them.

    By • Updated Aug. 11, 2025
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    Sam Silverstein/Payments Dive
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    Buy now, pay later users pile on debt, CFPB finds

    Consumers who use BNPL take out multiple loans and have more personal debt than consumers who don’t use the payment method, according to a new report from the Consumer Financial Protection Bureau.

    By • Jan. 14, 2025
  • Animated hooded person steps off a laptop screen with an oversized credit card under his arm. Explore the Trendline➔
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    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
  • Large desktop computer stands on a desk with a computer monitor. The monitor shows a video game with soldiers attacking. There is a keyboard, mouse and headphones on the desk as well.
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    Getty Images
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    Payments laws apply to online games, CFPB says

    Video game companies that operate online gaming platforms must comply with the Electronic Fund Transfer Act, the agency said.

    By • Jan. 13, 2025
  • People walk on a sidewalk past an ornate door with an iron gate with the words Chase above.
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    Michael M. Santiago via Getty Images
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    RTP payments surged 38% last year

    The high-speed payments system operated by The Clearing House also saw the value of transactions nearly double last year over 2023.

    By • Jan. 10, 2025
  • Instacart's Scan & Pay program
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    Courtesy of Instacart
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    Deep Dive

    Payments plays gather momentum in 2025: 6 industry trends to watch

    Deregulation, artificial intelligence and stablecoin use are among the industry forces that will drive more digital payments use and innovation this year.

    By Lynne Marek and Patrick Cooley • Jan. 9, 2025
  • An exterior shot of the Department of Justice building shows the words "Department of Justice" and an American flag flying above.
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    Kevin Dietsch / Staff via Getty Images
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    Fintech Dave alters fee structure, blasts DOJ over amended lawsuit

    The cash advance online platform called the lawsuit “a continued example of government overreach.”

    By Rajashree Chakravarty • Jan. 9, 2025
  • A close-up of Sen. Bernie Sanders speaking in Dirksen, a U.S. Senate building
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    Courtesy of U.S. Senate Committee on Health, Education, Labor and Pensions
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    Column

    Will Trump and Sanders lock arms to cap credit card interest rates?

    The senator and incoming president partnering on a cap proposal may not be as far-fetched as the payments and banking industries would hope.

    By • Jan. 7, 2025
  • Consumer Financial Protection Bureau Director Rohit Chopra
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    Anna Moneymaker / Staff via Getty Images
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    CFPB details BNPL, EWA supervision for first time

    In its latest supervisory overview, the Consumer Financial Protection Bureau included a review of buy now, pay later and earned wage access examinations.

    By • Jan. 6, 2025
  • Federal Reserve Chairman Jerome Powell speaks during a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the central bank’s benchmark interest rate by 50 basis points to a new range of 4.75%-5%.
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    Anna Moneymaker via Getty Images
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    Merchants, banks spar over Fed’s debit card fee proposal

    Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.

    By • Jan. 3, 2025
  • Person hands two blue bags to person at the front door of a residence.
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    Courtesy of Walmart
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    Walmart forced delivery workers to pay ‘junk fees,’ CFPB alleges

    A Consumer Financial Protection Bureau lawsuit alleges the retailer and fintech Branch Messenger illegally opened accounts for drivers, and deposited their pay into accounts without their consent.

    By Peyton Bigora • Jan. 3, 2025
  • A person looking at a sports betting app on their laptop and computer
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    Getty Images
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    CFPB takes aim at gambling card fees

    The federal agency says credit card issuers are charging cash advances fees of at least $10 on gambling transactions, even if those transactions are small.

    By • Dec. 19, 2024
  • bitcoin
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    Getty Images/Staff via Getty Images
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    BVNK raises $50M to fuel US expansion

    The stablecoin startup’s plans, including a new office in San Francisco, coincide with the incoming crypto-friendly Trump administration.

    By Tatiana Walk-Morris • Dec. 18, 2024
  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    CFPB swats at retail credit cards

    The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.

    By • Dec. 18, 2024
  • Person with shopping bag passes storefront window with Bitcoin sign
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    Chris McGrath/Getty Images Europe via Getty Images
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    What role do stablecoins play in the payments industry?

    With the discussion of stablecoins intensifying after the election of Donald Trump, here’s a primer explaining what this cryptocurrency is and what its practical uses may be.

    By • Dec. 17, 2024
  • U.S. Bank CEO Andy Cecere is pictured speaking.
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    Drew Angerer / Staff via Getty Images
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    U.S. Bank CEO talks payments split

    Dividing its payments unit into two segments under different leaders points to the significance of the business at the bank, said Andy Cecere, the lender’s chief executive.

    By Caitlin Mullen • Dec. 16, 2024
  • Amex
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    Permission granted by American Express
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    Amex keeps focus on younger customers

    The credit card company is sticking with a strategy to concentrate marketing on the millennial and Gen Z generations shaping shopping trends.

    By • Dec. 16, 2024
  • Four people walk by a TD bank branch location
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    Joe Raedle / Staff via Getty Images
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    Ex-TD employee charged in debit card case

    The former worker issued dozens of cards linked to accounts opened by another TD employee in the names of shell companies, and received bribes for that work, the Justice Department alleged.

    By Dan Ennis • Dec. 13, 2024
  • Alphabet, antitrust, Moschella
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    Getty Images
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    CFPB-Google battle likely to stretch into next administration

    The Consumer Financial Protection Bureau says Google’s payment unit failed to explain why it was denying customer requests for refunds. Google told the agency to back off in a lawsuit.

    By • Dec. 10, 2024
  • A building is shown with a sign that reads, "Comerica Bank" in the foreground
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    Courtesy of Comerica
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    CFPB sues Comerica for ‘systematically failing’ federal benefits receivers

    The federal agency alleged the bank fell short of its responsibility to some 3.4 million cardholders who depend on receiving federal benefits through prepaid debit cards.

    By Gabrielle Saulsbery • Dec. 9, 2024
  • Officials and employees celebrate the grand opening of Fiserv's Berkeley Heights, New Jersey office on Nov. 15.
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    Permission granted by Fiserv
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    Fiserv cuts as many as 1,500 employees, analyst estimates

    The payments processor confirmed it had eliminated jobs. A Wolfe Research analyst estimated the reduction may impact as much as 3.7% of the workforce.

    By • Dec. 6, 2024
  • brian armstrong, crypto lawsuits, SEC
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    Matt Winkelmeyer / Staff via Getty Images
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    Crypto leaders have knives out for attorneys leaving the SEC

    Coinbase and Ripple executives want law firms not to hire lawyers who worked on lawsuits against them.

    By Robert Freedman • Dec. 6, 2024
  • Fiserv CEO Frank Bisignano
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    Caitlin Mullen/Payments Dive, data from Fiserv
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    Fiserv CEO tapped to lead Social Security Administration

    President-elect Trump announced the nomination of Frank Bisignano late Wednesday, and the payments processor confirmed the appointment Thursday.

    By • Dec. 5, 2024
  • Jared Isaacman standing in a corporate office.
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    Courtesy of Shift4
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    Trump taps Shift4’s Isaacman to run NASA

    The CEO of the payment and technology company has led two space missions for the private company SpaceX.

    By • Dec. 4, 2024
  • The Federal Reserve building is seen January 22, 2008 in Washington, DC. People walk by.
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    Chip Somodevilla via Getty Images
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    FedNow racks up nearly $246M in annual expenses

    The Federal Reserve projects the real-time payment system’s costs will climb slightly next year, from the $245.5 million it expects to spend this year.

    By • Dec. 4, 2024
  • Closeup shot of a woman paying using NFC technology in a cafe
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    Getty Images
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    Q&A

    Worldpay exec talks digital wallet security

    The head of fraud prevention for the processor said the company leverages data to block hackers and fraudsters seeking digital wallet information.

    By • Dec. 3, 2024