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

Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
Lawmakers Oppose CFPB’s Proposed Rule on Supervising Nonbank Financial Firms
January 30, 2024  |  CFPB

Three members of Congress have urged the Consumer Financial Protection Bureau (CFPB) to reopen and extend the public comment period on its proposed rule that would allow it to...

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White House Mulls Requiring Cloud-Computing Companies to Disclose Customers
White House Mulls Requiring Cloud-Computing Companies to Disclose Customers
January 26, 2024  |  Security & Fraud

The Biden administration is reportedly set to propose new requirements for cloud computing companies in an effort to enhance security and protect sensitive data. The...

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Apple Fees Could Be Harbinger for Big Tech Ahead of EU Digital Markets Act Deadline
Apple Fees Could Be Harbinger for Big Tech Ahead of EU Digital Markets Act Deadline
January 24, 2024  |  Regulation

For Apple, the opening of the ecosystem proceeds apace in Europe. With it, however, comes the potential to realize some additional revenue streams. And what...

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IMF Lays Out 5-Point AI Regulation Action Plan
IMF Lays Out 5-Point AI Regulation Action Plan
January 22, 2024  |  Artificial Intelligence

2023 saw governments around the world grapple with the commercial emergence of artificial intelligence (AI).  From the White House’s Executive Order on the Safe, Secure, and Trustworthy Development and...

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US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
January 15, 2024  |  Economy

U.S. lawmakers are engaged in discussions over a potential deal that could provide $70 billion worth of tax breaks for businesses and families.  The proposal,...

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Congressional Working Group to Study AI’s Impact on Financial Services 
Congressional Working Group to Study AI’s Impact on Financial Services 
January 11, 2024  |  Artificial Intelligence

A bipartisan congressional working group will explore the impact of artificial intelligence (AI) on the financial services and housing industries.  The formation of the Working...

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New Contractor Rules: Promise or Peril for Gig Economy Platforms? 
New Contractor Rules: Promise or Peril for Gig Economy Platforms? 
January 09, 2024  |  Gig Economy

The Labor Department is due to release new rules governing the classification of gig economy workers. The platforms that rely on these workers say not...

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Consumer Group Aims to Close Quarter-Billion ‘Gift Card Loophole’
Consumer Group Aims to Close Quarter-Billion ‘Gift Card Loophole’
January 09, 2024  |  Retail

A consumer group is campaigning to change Washington state’s 20-year-old gift card law. As noted in a recent Ars Technica report, the Washington Consumer Protection Coalition (WCPC)...

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Biden Rule Would Turn More Gig Workers Into Full Employees
Biden Rule Would Turn More Gig Workers Into Full Employees
January 08, 2024  |  Gig Economy

The White House is reportedly preparing new guidelines that provide additional protections to gig workers. The updated Department of Labor rule could be handed down...

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