Fraud, Payment Systems, Financial Regulatory Reform

PSR publishes policy statement on 2024 APP scams data

A&O Shearman on 3/18/2025

The UK Payment Systems Regulator (PSR) has published a policy statement outlining its approach to publishing authorised push payment (APP) scams data for 2024. In 2025, the PSR will take a different approach to publishing...more

Senate adopts CRA resolution to nullify rule subjecting large cash apps to bureau supervision

Ballard Spahr LLP on 3/12/2025

Using the Congressional Review Act, the Senate has voted to nullify a CFPB final rule that would subject large cash apps to the bureau’s supervision....more

Client Alert: The Future of Payments: Key Trends and Regulatory Challenges

Jenner & Block on 2/13/2025

As the fintech and payments industries evolve in 2025, businesses, financial institutions, and regulators must adapt to rapid technological advancements and shifting regulations. The rise of real-time payments, embedded...more

UK Financial Conduct Authority Dear CEO letter on priorities for payments portfolio firms

A&O Shearman on 2/13/2025

The Financial Conduct Authority has published a Dear CEO letter to firms in the payments portfolio sector (including payment institutions, e-money institutions and registered account information service providers). Although...more

The U.K.'s Authorised Push Payment (APP) Fraud Reimbursement Scheme

A&O Shearman on 1/13/2025

The UK’s Authorised Push Payment (APP) Fraud Reimbursement Scheme came into force on October 7, 2024. It requires in-scope payment service providers (PSPs) sending payments through either the Faster Payment System (FPS) or...more

The U.K.'s Authorised Push Payment APP Fraud Reimbursement Scheme

A&O Shearman on 1/10/2025