Search for: "Kristian Soltes"
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4 Jun 2020, 7:30 am
Legal and Regulatory Developments SPOTLIGHT: How PayPal’s Case Against the CFPB Could Spawn ‘Uncomfortable’ Results for Payments Players Digital Transactions News – June 2, 2020 It was easy to lose track of it in the midst of all the impacts of the novel coronavirus, but a crucial federal lawsuit filed six months ago still hangs over the payments industry, carrying far-reaching implications for nearly all players. [read post]
13 Aug 2021, 8:15 am
Legal and Regulatory Developments SPOTLIGHT: Merchants Redouble Their Efforts to Push the Fed on Debit’s Routing and Pricing RulesDigital Transactions News – August 11, 2021 With a Federal Reserve deadline hitting Wednesday for comments on decade-old debit card regulations, large merchants are firing some last-minute salvos in hopes of influencing the Fed to make major revisions to rules governing transaction routing and pricing. [read post]
23 Jul 2020, 7:22 am
Legal and Regulatory Developments SPOTLIGHT: Open Banking for the Unbanked: How the Pandemic Is Affecting Innovation in LatAmPYMNTS – July 22, 2020 With nearly 50 percent of the Latin American population unbanked, there’s a growing appetite for mobile banking services. [read post]
14 Jan 2021, 9:14 am
Legal and Regulatory Developments SPOTLIGHT: Visa Will Not Acquire Plaid After Running Into Regulatory WallTechCrunch – January 12, 2021 Visa and Plaid called off their agreement this afternoon, ending the consumer credit giant’s takeover of the data-focused fintech API startup. [read post]
1 Oct 2021, 8:47 am
Legal and Regulatory Developments SPOTLIGHT: Alibaba Apps Start Offering WeChat Pay Option After Government OrdersReuters – September 28, 2021 China’s Alibaba Group Holding Ltd has begun offering payment services from Tencent Holdings Ltd’s WeChat on a number of its apps, after the government ordered major tech firms to stop blocking each other’s services and links. [read post]
3 Dec 2021, 9:49 am
Legal and Regulatory Developments SPOTLIGHT: 6 Ways the EU’s Digital Markets Act Will Change Big TechPYMNTS – November 29, 2021 The European Union’s Digital Markets Act is coming, and Big Tech will never be the same. [read post]
11 Feb 2021, 8:10 am
Legal and Regulatory Developments SPOTLIGHT: Big Banks, Big Tech Face off Over Swipe FeesAmerican Banker – February 7, 2021 The fees generated from consumers’ debit card spending have long been a source of acrimony between big banks and retailers. [read post]
23 Jul 2021, 8:38 am
Legal and Regulatory Developments SPOTLIGHT: DOJ Official Cites Efforts to Fight Anti-Competitive Practices as NRF Holds First Retail Law SummitNRF – July 21, 2021 A top Department of Justice official says the agency’s successful effort to keep credit card giant Visa from acquiring — and potentially shutting down — financial technology innovator Plaid shows how the nation’s antitrust laws can be used to encourage competition that benefits businesses and consumers alike.… [read post]
17 Dec 2021, 11:17 am
Legal and Regulatory Developments SPOTLIGHT: UK Government Outlines Plans for Regulation of Buy Now Pay Later IndustryThe Spectator – December 15, 2021 The buy now pay later industry has exploded in recent years, with the industry now worth $100 billion (circa £70 billion). [read post]
4 Mar 2021, 9:30 am
Legal and Regulatory Developments SPOTLIGHT: UK Launches Antitrust Probe Into AppleCNN Business – March 4, 2021 The United Kingdom’s competition watchdog has launched an investigation into Apple (AAPL) after app developers complained that they’re being forced to use the company’s payment systems and distribute their products via its App Store. [read post]
26 Aug 2021, 8:58 am
Legal and Regulatory Developments SPOTLIGHT: Outgoing NY Governor Signs Bill to Limit Overdraft Practices at State-Chartered BanksBanking Dive – August 20, 2021 New York Gov. [read post]
16 Oct 2020, 9:00 am
Legal and Regulatory Developments SPOTLIGHT: 10 Ways Fintech, Payments Are on the Ballot in the 2020 House ElectionPaymentsSource – October 11, 2020 As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services. [read post]
25 Jun 2020, 8:00 am
Legal and Regulatory Developments SPOTLIGHT: Apple’s Easy Ride From U.S. [read post]
13 Aug 2021, 8:15 am
Legal and Regulatory Developments SPOTLIGHT: Merchants Redouble Their Efforts to Push the Fed on Debit’s Routing and Pricing RulesDigital Transactions News – August 11, 2021 With a Federal Reserve deadline hitting Wednesday for comments on decade-old debit card regulations, large merchants are firing some last-minute salvos in hopes of influencing the Fed to make major revisions to rules governing transaction routing and pricing. [read post]
26 Aug 2021, 8:58 am
Legal and Regulatory Developments SPOTLIGHT: Outgoing NY Governor Signs Bill to Limit Overdraft Practices at State-Chartered BanksBanking Dive – August 20, 2021 New York Gov. [read post]
12 Nov 2020, 7:24 am
Legal and Regulatory Developments SPOTLIGHT: DOJ Suit Over Visa, Plaid Deal Sounds a Lot Like a Monopoly CaseBloomberg Law – November 10, 2020 The government’s lawsuit to block Visa Inc. [read post]
15 Oct 2020, 9:00 am
Legal and Regulatory Developments SPOTLIGHT: 10 Ways Fintech, Payments Are on the Ballot in the 2020 House ElectionPaymentsSource – October 11, 2020 As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services. [read post]
16 Apr 2021, 8:43 am
Legal and Regulatory Developments SPOTLIGHT: Insider’s Report On Payments: Interchange in the CrosshairsThe Green Sheet – April 12, 2021 The major card brands are on the hot seat. [read post]
27 Aug 2020, 8:07 am
Legal and Regulatory Developments SPOTLIGHT: TD Bank to Pay $122 Million to Settle Overdraft Claims Brought by Consumer Financial Protection BureauUSA Today – August 21, 2020 TD Bank has agreed to pay $122 million in a settlement with Consumer Financial Protection Bureau over charges that it issued illegal overdraft fees. [read post]
8 Oct 2020, 8:56 am
Legal and Regulatory Developments SPOTLIGHT: House Panel Says Big Tech Wields Monopoly PowerWall Street Journal – October 6, 2020 America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. [read post]
