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

Germany to Deliver Benefits Via Payment Cards Rather Than Cash
Germany to Deliver Benefits Via Payment Cards Rather Than Cash
April 12, 2024  |  Disbursements

The German parliament approved legislation Friday (April 12) that calls for benefits to be delivered to asylum seekers on payment cards rather than cash.  This...

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Proposed California Law Could Cap CU Overdraft Fees
Proposed California Law Could Cap CU Overdraft Fees
April 10, 2024  |  Credit Unions

California state lawmakers are considering legislation that would limit the number of overdraft fees credit unions (CUs) can charge their members. Under SB-1075, the 100+ CUs...

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Legislation Seeks to Overturn CFPB Limits on Credit Card Late Fees
Legislation Seeks to Overturn CFPB Limits on Credit Card Late Fees
April 09, 2024  |  CFPB

The fight over credit card late fees may go to Capitol Hill. Sen. Tim Scott of South Carolina unveiled a joint resolution Monday (April 8) that would prevent the...

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Data Privacy Laws Threaten Small Businesses’ Digital Advertising Efforts
Data Privacy Laws Threaten Small Businesses’ Digital Advertising Efforts
April 08, 2024  |  SMBs

The Maryland Online Data Privacy Act of 2024, a proposed bill set to impact data collection and online privacy, successfully passed both the Senate and House...

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Lawmakers Unveil National Data Privacy Framework
Lawmakers Unveil National Data Privacy Framework
April 08, 2024  |  Safety and Security

The United States is closer to achieving nationwide data privacy protections, according to a pair of lawmakers. Sen. Maria Cantwell and Rep. Cathy McMorris Rodgers, both of Washington...

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FDIC Proposes Revisions to Statement of Policy on Bank Mergers
FDIC Proposes Revisions to Statement of Policy on Bank Mergers
March 21, 2024  |  Banking

The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers.  The...

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Gig Worker Wage Policies Pinch Consumer Demand, Driver Pay
Gig Worker Wage Policies Pinch Consumer Demand, Driver Pay
March 20, 2024  |  Gig Economy

What started as a move toward fairer compensation has evolved into a heated debate, pitting the interests of drivers against those of gig economy giants....

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TikTok US User Numbers Slow Amid Possible Ban
TikTok US User Numbers Slow Amid Possible Ban
March 17, 2024  |  Social Commerce

TikTok’s troubles apparently go beyond a possible ban in the U.S. The social media platform has seen user growth slow for the first time in...

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Former Treasury Secretary Steven Mnuchin Aims to Buy TikTok
Former Treasury Secretary Steven Mnuchin Aims to Buy TikTok
March 14, 2024  |  Acquisitions

Former Treasury secretary Steven Mnuchin is assembling a group of investors to attempt to purchase TikTok. Mnuchin told CNBC about this plan Thursday (March 14),...

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