TechREG

CFPB to Increase Use of Advisory Opinions as Rulemaking Alternative

CFPB to Increase Use of Advisory Opinions as Rulemaking Alternative
CFPB to Increase Use of Advisory Opinions as Rulemaking Alternative
July 08, 2022  |  CFPB

In recent months, the Consumer Financial Protection Bureau (CFPB) has increased the use of soft tools, such as advisory opinions, circulars or blog posts, to...

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Today in TechREG: EU Unveils Plans to Boost Deep Tech Funding; ECB Warns of Risks With Patchy Crypto Regulation
Today in TechREG: EU Unveils Plans to Boost Deep Tech Funding; ECB Warns of Risks...
July 05, 2022  |  Legal & Regulation

Today in TechReg news, the European Commission presented a 25-point plan that includes changes in IPO rules to help deep tech startups and scaleups to...

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The Data Point: New Tech for Cross-Border Payments Rates With 64% of All FIs
The Data Point: New Tech for Cross-Border Payments Rates With 64% of All FIs
June 30, 2022  |  Cross-border Payments

Financial institutions (FIs) are rising to the challenges of business clients seeking and doing more business in overseas markets, requiring a rethink — and in many...

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Fed Prioritizes FedNow, Delays Fedwire Funds Service Changes
Fed Prioritizes FedNow, Delays Fedwire Funds Service Changes
June 29, 2022  |  Payment Methods

The Federal Reserve Board announced on Monday (June 27), the final timeline and other implementation details for the adoption of a new Fedwire Funds Service...

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The Next Trillion Dollar BNPL Play Will Come From Untapped B2B Segment
The Next Trillion Dollar BNPL Play Will Come From Untapped B2B Segment
June 28, 2022  |  B2B Payments

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Senators Reintroduce Bill to Preserve Freedom of Payment Choice
Senators Reintroduce Bill to Preserve Freedom of Payment Choice
June 24, 2022  |  Legal & Regulation

U.S. Sens. Bob Menendez (D-N.J.) and Kevin Cramer (R-N.D.) have reintroduced the Payment Choice Act, a bill they first pushed forward about a year ago,...

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TechReg Weekly US: CFPB Eyes Credit Card Late Fee Rules; Data Privacy Bills Advance in Congress 
TechReg Weekly US: CFPB Eyes Credit Card Late Fee Rules; Data Privacy Bills Advance in...
June 24, 2022  |  Technology

This week, U.S. lawmakers have proposed new legislation seeking to increase customers’ control over their financial data. A new data privacy bill has also overcome...

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Another Firm Cuts Withdrawals, Highlighting Crypto Lending’s Dangers
Another Firm Cuts Withdrawals, Highlighting Crypto Lending’s Dangers
June 23, 2022  |  Cryptocurrency

Despite receiving a $500 million backstop line of credit on June 21, teetering crypto broker Voyager Digital announced today that it was cutting its daily...

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