Legislation

Legislation is law which has been promulgated by a legislature or other governing body or the process of making it. Before an item of legislation becomes law it may be known as a bill, and may be broadly referred to as "legislation", while it remains under consideration to distinguish it from other business.

Source: en.wikipedia.org

Transportation Department Investigates Airlines’ Rewards Programs
Transportation Department Investigates Airlines’ Rewards Programs
December 21, 2023  |  Loyalty & Rewards

The U.S. Department of Transportation is reportedly closely examining the frequent flyer programs of major U.S. airlines, aiming to identify potential deceptive or unfair practices...

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Card Interchange Fee Debate Confuses Costs With Who Pays Them
Card Interchange Fee Debate Confuses Costs With Who Pays Them
December 21, 2023  |  Credit Cards

Card interchange fees have fierce defenders and heated detractors. Turn on the financial news, and commentary might touch on whether cards are “free” — and...

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5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in 2024 
5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in...
December 20, 2023  |  Regulation

December’s on the way out. Congress is quiet, on recess until the beginning of next year. The Supreme Court’s not hearing arguments at the moment....

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Lawmakers Seek Delay on Beneficial Ownership Rules Affecting Small Businesses
Lawmakers Seek Delay on Beneficial Ownership Rules Affecting Small Businesses
December 20, 2023  |  SMBs

A group of Republican lawmakers wants the government to delay new small business reporting requirements. Starting Jan. 1, many businesses will be required to provide...

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Is the EU’s AI Act Historic or Prehistoric?
Is the EU’s AI Act Historic or Prehistoric?
December 13, 2023  |  Artificial Intelligence

The European Union’s Artificial Intelligence Act officially reached provisional status Friday (Dec. 8). It took three days and 36 hours of political back-and-forth, but the...

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Google Delivers Formal Response to EU’s Threat to Ad Tech Unit 
Google Delivers Formal Response to EU’s Threat to Ad Tech Unit 
December 08, 2023  |  Google

Google has made a formal response to the European Union’s (EU) threat to break up its profitable advertising technology (ad tech) arm, calling the allegations “flawed.”...

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Face-Scanning Technology Becomes Focus of EU’s AI Act Negotiations 
Face-Scanning Technology Becomes Focus of EU’s AI Act Negotiations 
December 08, 2023  |  Artificial Intelligence

European Union (EU) negotiators are reportedly engaged in discussions to establish the most comprehensive regulation of artificial intelligence (AI) in the western world.  After a marathon...

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Europe’s AI Legislation Exempts Open-Source Models
Europe’s AI Legislation Exempts Open-Source Models
December 07, 2023  |  artificial intelligence

Europe’s new AI legislation could reportedly go easy on open-source artificial intelligence models. Lawmakers in Europe were still hammering out the details of the landmark AI Act...

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As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
As Rep. McHenry Retires, Payments Regulation and Innovation May See Turbulence
December 06, 2023  |  Politics

The question must be asked as Rep. Patrick McHenry, R-N.C., takes his leave of Congress: What happens to financial services regulation, and by extension, payments...

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