Search for: "Kristian Soltes" Results 41 - 60 of 78
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22 Apr 2021, 8:58 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: At Congressional Hearing, Panelists Question Why Crypto and Fintech Firms Need Bank LicensesThe Block – April 15, 2021 Congress collected feedback from legal minds on how fintech firms may use or abuse banking licenses. [read post]
30 Jul 2020, 7:14 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Durbin Asks Fed Chairman for ‘Appropriate Enforcement Action’ Involving Debit Card Transaction RoutingDigital Transactions News – July 28, 2020 (click here for Sen. [read post]
29 Oct 2020, 7:36 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: The DOJ Is Investigating Visa’s $5.3 Billion Bid for Plaid on Antitrust GroundsTech Crunch – October 28, 2020 It’s not just big tech that’s getting the antitrust treatment from the Department of Justice. [read post]
2 Jul 2020, 8:40 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: EU Says Credit-Card Fee Curbs Helped Reduce Prices for ConsumersBloomberg – June 29, 2020 European Union curbs on credit and debit-card fees helped reduce prices for consumers and aided payments across the 27-nation bloc, regulators said in a report published Monday. [read post]
11 Feb 2021, 8:10 am by Kristian Soltes
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]
4 Jun 2020, 7:30 am by Kristian Soltes
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]
1 Oct 2021, 8:47 am by Kristian Soltes
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]
16 Oct 2020, 9:00 am by Kristian Soltes
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]
14 Jan 2021, 9:14 am by Kristian Soltes
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]
23 Jul 2021, 8:38 am by Kristian Soltes
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]
1 Oct 2021, 8:47 am by Kristian Soltes
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]
9 Jul 2020, 7:24 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Bipartisan Senate Bill Would Punish Retailers for Refusing Cash PaymentsCNBC – July 2, 2020 Sens. [read post]
3 Dec 2021, 9:49 am by Kristian Soltes
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]
26 Aug 2021, 8:58 am by Kristian Soltes
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]
26 Aug 2021, 8:58 am by Kristian Soltes
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]
18 Feb 2021, 9:15 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Feds Probing American Express’ Business, Consumer Card Sales PracticesThe Hill – February 12, 2021 American Express disclosed on Friday that several federal agencies are probing its sales practices for its small business credit cards and consumer cards. [read post]
3 Dec 2021, 9:49 am by Kristian Soltes
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]
14 May 2021, 7:51 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: A Fed Report on Debit Costs Could Fuel a Movement to Reduce a Decade-Old Fee CapDigital Transactions News – May 10, 2021 Pressure may be building on the Federal Reserve to take action on a debit card interchange-fee regulation that it has left intact for 10 years despite sweeping changes in the payments business, including an onrush of e-commerce transactions over the past year. [read post]