PYMNTS-MonitorEdge-May-2024

Legislation

Legislation is law which has been promulgated by a legislature or other governing body or the process of making it. Before an item of legislation becomes law it may be known as a bill, and may be broadly referred to as "legislation", while it remains under consideration to distinguish it from other business.

Source: en.wikipedia.org

As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
December 06, 2023  |  Politics

The question must be asked as Rep. Patrick McHenry, R-N.C., takes his leave of Congress: What happens to financial services regulation, and by extension, payments...

READ MORE >
U.S. Rep. Roger Williams Says CFPB Lending Rule ‘Anti-Small Business’
U.S. Rep. Roger Williams Says CFPB Lending Rule ‘Anti-Small Business’
December 01, 2023  |  SMBs

Republicans aim to overturn the Consumer Financial Protection Bureau’s (CFPB) 1071 Small Business Lending Rule, saying the rule is overly burdensome for small businesses and...

READ MORE >
Australia to Regulate Digital Wallets Alongside Credit Cards
Australia to Regulate Digital Wallets Alongside Credit Cards
November 27, 2023  |  Legal

Australia is set to introduce legislation governing the use of Apple Pay and other digital wallets. The new rules, scheduled to be announced this week, would place...

READ MORE >
ECB Chief Supervisor Calls for Regulation of Crypto-Asset Service Providers
ECB Chief Supervisor Calls for Regulation of Crypto-Asset Service Providers
November 14, 2023  |  Cryptocurrency

The European Central Bank’s (ECB) chief supervisor, Andrea Enria, is calling for urgent action to fix a loophole in European Union (EU) rules that allows banks to...

READ MORE >
Report: EU Set to Agree on Light Touch Rules for Airbnb
Report: EU Set to Agree on Light Touch Rules for Airbnb
November 10, 2023  |  Data

European Union (EU) countries and European Parliament lawmakers are reportedly expected to reach an agreement on light touch rules for Airbnb next week. The proposed regulations will...

READ MORE >
Why Retailers Don’t Want Consumers to Get an Extra Hour of Sleep
Why Retailers Don’t Want Consumers to Get an Extra Hour of Sleep
November 04, 2023  |  Retail

On Sunday (Nov. 5), most U.S. states will “fall back” an hour, giving people an extra wink of sleep. While the states that embrace this time...

READ MORE >
Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
October 31, 2023  |  Loyalty & Rewards

The fight over the Credit Card Competition Act (CCCA) has taken to the skies. This week, Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., who...

READ MORE >
UK Will Regulate Crypto Like Other Financial Services
UK Will Regulate Crypto Like Other Financial Services
October 30, 2023  |  Cryptocurrency

The British government has unveiled its long-awaited plans for regulating cryptocurrencies. Included in that plan is the government’s intent to “bring a number of cryptoasset...

READ MORE >
2024 May Mark a Year of AI Regulations and Bring Clarity to Risks
2024 May Mark a Year of AI Regulations and Bring Clarity to Risks
October 26, 2023  |  Artificial Intelligence

Regulations over data, how it’s accessed and used — and especially, safeguarded — are changing rapidly.  And they’ll keep changing. In one recent example, the Consumer...

READ MORE >