Hunton Andrews Kurth LLP | USA | 12 Mar 2024
Earlier this year, New York Governor Kathy Hochul signed S.B. S1048A into law (which we reported about here) requiring sellers that impose credit…
Cozen O'Connor | USA | 7 Mar 2024
The CFPB issued a final rule to address late fees charged by “larger card issuers”—credit card issuers that together with their affiliates have one…
Lexology PRO | USA | 6 Mar 2024
A US Consumer Financial Protection Bureau rule imposes a maximum US$8 late fee for large credit card issuers.
Arias | Guatemala | 20 Feb 2024
Last Thursday, February 15, 2024, the Congress of the Republic of Guatemala approved the Credit Cards Law. This new law regulates transactions…
Arias | Guatemala | 20 Feb 2024
El pasado jueves 15 de febrero de 2024, el Congreso de la República de Guatemala aprobó la Ley de Tarjetas de Crédito (la “Ley”). Esta nueva Ley…
Lexology PRO | Australia, China, Nigeria, etc. | 14 Feb 2024
Australian court rules on a crypto reward programme, Sweden prepares to crack down on excessive early fixed-term mortgage exit costs, the US CFPB proposes rules to rein in overdraft junk fees – plus other key updates.
Eversheds Sutherland (US) LLP | USA | 24 Jan 2024
The Washington Court of Appeals affirmed a Board of Tax Appeals decision that found an out-of-state bank had a sufficient physical presence in the…
Covington & Burling LLP | Netherlands | 22 Jan 2024
In December 2023, the Dutch SA fined a credit card company €150,000 for failure to perform a proper data protection impact assessment (“DPIA”) in…
Hunton Andrews Kurth LLP | USA | 11 Jan 2024
On December 13, 2023, New York Governor Kathy Hochul signed Senate Bill S1048A into law requiring sellers that impose credit card surcharges to post…
Lexology PRO | European Union, United Kingdom | 10 Jan 2024
The UK’s Competition Appeal Tribunal has reiterated that using sampling to assess pass-on in the umbrella interchange fee litigation against Visa and Mastercard will add undue costs and delays ahead of trial.