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Payment Law Advisor Blog

Articles: 1-10 of 87

Mandatory Cash Acceptance Update - Philadelphia Legislation & Athletic Venues

USA - April 1 2019 On March 18, the Governor of New Jersey signed a bill making his state just the second to require that certain businesses accept cash as a form of…

Mandatory Cash Acceptance Legislation and the Ongoing Argument Over Going Cashless

USA - February 20 2019 In an American economy driven by Silicon Valley, where Americans pay more than half of their bills online, and millennials have taken to online…

Visa and Mastercard Obtain Preliminary Approval of Second Attempt at Interchange Settlement

USA - February 7 2019 On January 24, 2019, Judge Margo K. Brodie of the U.S. District Court for the Eastern District of New York granted preliminary approval of Visa and…

Federal Reserve Seeks Comment on Actions to Promote Faster Payments

USA - January 30 2019 On November 15, 2018, the Board of Governors of the Federal Reserve System (Board) published in the Federal Register its request for public comment…

New CFPB Proposal to Overhaul Existing No-Action Letter Policy and Create a Federal Regulatory Sandbox

USA - December 19 2018 FinTech appears to be the next industry set to benefit from the Trump administration’s ongoing deregulatory push. The Bureau of Consumer Financial…

Bureau’s Proposal for a “Disclosure Sandbox

USA - November 5 2018 On September 10, 2018, the Bureau of Consumer Financial Protection (the “Bureau”) published a notice of proposed policy guidance to create a…

California Near to Enacting Nation’s First Commercial Finance Disclosure Law

USA - September 19 2018 In the final days of its 2018 session, the California legislature sent a flurry of bills to Governor Jerry Brown’s desk on topics as diverse as net…

States Diverge From Federal Regulators on Disparate Impact

USA - September 12 2018 Federal and state fair lending regulators are charting different courses for the future of “disparate impact” liability under the Equal Credit…

OCC Accepting Charter Applications from Fintech Companies

USA - August 30 2018 Earlier this summer the Office of the Comptroller of the Currency issued the anticipated announcement that fintech companies engaged in the business…

Third Circuit Says CFPB May Investigate the Totality of a Target’s Business Conduct

USA - August 16 2018 Earlier this week, the Third Circuit rejected student loan servicer Heartland Campus Solutions, ECSI’s challenge to a CFPB civil investigative demand…