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Regulatory Oversight Payment Processors

DLA Piper

CFPB Issues New Rule Addressing Supervision of Nonbank Payment Providers

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The Consumer Financial Protection Bureau (CFPB) has issued a new rule addressing its supervision of large nonbank companies offering US consumers certain digital funds transfer services and payment wallets and apps....more

Troutman Pepper Locke

CFPB Releases Semiannual Regulatory Agenda Amid House Financial Services Committee Leaders’ Calls to Halt Rulemaking

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This week, the Consumer Financial Protection Bureau (CFPB or Bureau) released its semiannual regulatory agenda, outlining its planned rulemaking initiatives. This agenda includes a mix of rules in the pre-rulemaking, proposed...more

Holland & Knight LLP

Proyecto de decreto busca modificar el ecosistema de pagos de bajo valor en Colombia

Holland & Knight LLP on

El Ministerio de Hacienda y Crédito Público de la República de Colombia, a través de la Unidad de Regulación Financiera, publicó un proyecto de decreto con el cual se busca implementar una normativa para fortalecer la...more

Ballard Spahr LLP

Wirecard: A Scandal

Ballard Spahr LLP on

“Germany’s Enron” Continues to Stagger Forward - It’s time to talk about Wirecard AG. In many respects, it’s yet another accounting fraud scandal – albeit a massive one. But now, inevitably, it also has become a money...more

Ballard Spahr LLP

Federal Reserve seeks comment on actions to support development of faster payments

Ballard Spahr LLP on

Earlier this month, the Federal Reserve invited comment on actions it can take “to promote ubiquitous, safe, and efficient faster payments in the United States by facilitating real-time interbank settlement of faster...more

Ballard Spahr LLP

FTC Testifies Before House Committees Regarding Ongoing Focus on Payment Processors

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On July 26, 2018, the FTC testified before two subcommittees of the U.S. House Committee on Oversight and Government Reform regarding the FTC’s continued focus on payment processors....more

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