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15 Apr 2024, 6:43 am by Simon Lovegrove (UK) and Anita Edwards
As co-Chair of the Joint Regulatory Oversight Committee, the PSR states that it will continue to: Clarify the future regulation of open banking, to ensure it operates in the interests of all service users. [read post]
29 Mar 2024, 6:00 am by Michelle
At issue have been the interchange fees, also known as swipe fees, that merchants pay to bank card issuers and the networks. [read post]
25 Mar 2024, 2:07 pm by Julian Morris
Let’s suppose that the bank that issued the rewards card charged the maximum interchange fee on the transactions at MJ’s store, which in 2023 was 3.15%. [read post]
25 Mar 2024, 1:15 pm by Guest Author
That statute provides for the regulation of interchange fees charged by banks to merchants such as Corner Post. [read post]
6 Mar 2024, 5:59 am by Satya Marar
Analyzing the Deal The merged firm would be the sixth-largest bank in the United States by total assets and deposits. [read post]
5 Mar 2024, 5:00 am by Daniel J. Gilman
As they say on their credit-card web page, “most credit cards are issued by banks, which are outside FTC’s jurisdiction. [read post]
1 Feb 2024, 9:27 am by Rebecca Tushnet
” If they continued, this would be treated as a second balance inquiry and a second balance inquiry fee would be assessed, earning another interchange fee for FTCI; interchange fees are a major source of its revenue. [read post]
12 Jan 2024, 6:00 am by Michelle
Battles over card interchange fees, also known as swipe fees, will take center stage again this year, with payments industry forces clashing over them in Washington, at state capitols and in the courts. [read post]
15 Dec 2023, 6:00 am by Michelle
Since then it’s been a slog to attract banks and credit unions to connect to the network. [read post]
11 Nov 2023, 4:25 am by Etelka Bogardi (HK) and Conrad Lam
  By way of reminder, in March 2019, the SFC issued the “Statement on Security Token Offerings” circular inwhich it stated that security tokens are classified as “complex products” as well as mandating additional investor protection measures (Complex Product Requirements). [read post]
27 Oct 2023, 6:00 am by Michelle
The Fed’s action, which the payments industry has been expecting for some time, comes as the nation’s banking regulator seeks to reduce its mandated cap on debit interchange for the first time since the current regulation became effective 12 years ago as part of the Durbin Amendment to the Dodd-Frank Act. [read post]
13 Oct 2023, 6:00 am by Michelle
Can Pay by Bank Play Into Consumers’ Growing Preference to Resist Credit Cards? [read post]
6 Oct 2023, 9:00 am by Zak Gowen
Tom Emmer, a Republican from Minnesota, who is also the House Majority Whip, proposed the bill, which he refers to as the “CBDC Anti-Surveillance State Act. [read post]
5 Oct 2023, 11:30 am by Lana Osei | JURIST Staff, GH
Despite a significant police presence, the impassioned residents mobilized a demonstration to draw attention to the deplorable state of their road networks. [read post]
30 Sep 2023, 9:59 pm by Cari Rincker
However, in common usage, it has been used interchangeably with other legal terms such as a bequest, which traditionally refers to a gift made in a will of personal property—that is, property other than real estate. [read post]