CFPB’s fate at stake in Supreme Court case

The high court’s decision could set a precedent for future actions, challenging everything the CFPB has done, said Scott Pearson, a partner in Manatt's consumer financial services practice.

By Anna Hrushka • March 1, 2023

Mastercard embraces nationalism

The card company isn’t shying away from countries in which the governments are taking a more insular approach to building their payments systems.

By Lynne Marek • March 1, 2023

Explore the Trendline➔

Top 5 stories from Payments Dive

The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.

By Payments Dive staff

Battle over expected Durbin bill ensues

A credit union trade group railed against expected credit card processing legislation aimed at Visa and Mastercard before a bill has even been introduced in Congress this year.

By Lynne Marek • Feb. 27, 2023

Transparency key to crypto’s next phase: Circle CFO

USDC issuer Circle is moving to become a public company, its CFO said, even as regulatory attention on the space sharpens.

By Grace Noto • Feb. 24, 2023

FedNow aims to avoid Zelle-type fraud

As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.

By Lynne Marek • Feb. 23, 2023

Klarna touts US as largest market

The Swedish buy now, pay later provider aims to keep growing in the U.S. with new services despite the intense competition.

By Lynne Marek • Feb. 22, 2023

Discover to implement gun code in April: report

The newly published code will be part of Discover’s policy and product update for merchants and payment partners in April, a spokesperson told Reuters.

By Caitlin Mullen • Feb. 21, 2023

CFPB warns card issuers on credit reports

The Consumer Financial Protection Bureau has threatened action over card issuers not reporting full consumer payment data for tracking credit histories.

By Lynne Marek • Feb. 21, 2023

Credit card debt surpasses pre-pandemic levels: Fed

Despite a pause in payments required for federal student loans, younger borrowers particularly are showing higher credit card delinquencies.

By Tatiana Walk-Morris • Feb. 17, 2023

Debit routing rule tables turned on regulators

Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.

By Lynne Marek • Feb. 16, 2023

Retailers oppose banks seeking more time on debit routing rule

Banks requested a delay in implementing a debit routing rule, but a retail and merchant trade group argued it’s high time the card issuers comply.

By Lynne Marek • Feb. 15, 2023

Crypto regulation shouldn’t smother innovation: Fed’s Waller

The Fed governor highlighted the benefits of smart contracts, as well as the potential for tokenization as a privacy tool, in a speech Friday.

By Rajashree Chakravarty • Feb. 13, 2023

Gun merchant code to be published this month

Once it’s published, use of the new code “is eventually left up to the users in the industry,” an ISO spokesperson said.

By Caitlin Mullen • Feb. 13, 2023

CFPB attacks credit card late fees

The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.

By Lynne Marek • Feb. 1, 2023

Crypto may yet upend payments

Nearly 2,000 crypto workers have been laid off in 2023, but the value of Bitcoin climbed enough in January for Goldman Sachs to take note.

By Gabrielle Saulsbery • Jan. 30, 2023

Warren calls for more regulation of crypto

The Democratic senator called SEC Chair Gary Gensler “the right leader to get the job done,” but said regulators need to do more to bolster their scrutiny of the industry.

By Anna Hrushka • Jan. 26, 2023

Visa stands by crypto

At the card giant’s annual meeting Tuesday, CEO Al Kelly showed no signs of backing off crypto. He also suggested Visa’s management team may change after he exits as CEO.

By Lynne Marek • Jan. 26, 2023

DailyPay lands $260M in debt financing

The early wage access provider has been raising capital to fund expansion in the U.S. and internationally.

By Lynne Marek • Jan. 26, 2023

Why the Arizona AG opinion on EWA matters

“The Arizona decision is in line with decades of decisions across the country that have found that non-recourse products are not loans,” the Payactiv authors write in this opinion piece.

By Aaron Marienthal and Molly Jones • Jan. 24, 2023

Big banks to launch digital wallet operated by Zelle parent: report

The wallet, which is expected to launch in the second half of the year, aims to compete with PayPal and Apple, sources told The Wall Street Journal. But serious competition may take a while, an analyst said.

By Anna Hrushka • Jan. 24, 2023

International coalition pursues cross-border payments improvements

In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.

By Lynne Marek • Jan. 23, 2023

Splitit targets tech assets for acquisition

Splitit isn’t interested in being acquired, but the BNPL provider believes there may be assets ripe for the picking amid consolidation.

By Suman Bhattacharyya • Jan. 19, 2023

What payments can expect from Washington this year

From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.

By Caitlin Mullen • Jan. 18, 2023

Banks, fintechs battle over SBA’s proposal

Vice President Kamala Harris has said opening the SBA’s flagship lending program to fintechs would increase loans in underserved markets.

By Anna Hrushka • Jan. 11, 2023

6 payments trends to watch in 2023

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

By Lynne Marek , Caitlin Mullen • Jan. 10, 2023