Regulations & Policy


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    Mercury raises $300M

    The payments startup, which has backing from Marathon Management Partners and Andreessen Horowitz, aims to use the funds to expand its clientele and increase its profitability.

    By Tatiana Walk-Morris • March 28, 2025
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    Swipe fee foes find legislative support in almost a dozen states

    The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.

    By Justin Bachman • March 28, 2025
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    Trendline

    E-commerce drives digital payment advances

    As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.

    By Payments Dive staff
  • A branch of Citibank in the Financial District of San Francisco, California is pictured on February 9, 2020.
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    CFPB nixes filing in case tied to Electronic Funds Transfer Act

    The bureau’s brief was withdrawn because it “advances an interpretation of the law that has never been embraced by any federal court prior.”

    By Gabrielle Saulsbery • March 27, 2025
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    Utah governor signs EWA law

    The state joins a pack of others that have passed industry-friendly laws seeking to oversee earned wage access providers and their services.

    By March 27, 2025
  • Andy Barr, Kentucky Republican, speaks during a Congressional hearing.
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    Republicans air CFPB grievances, jockey for agency change

    Kentucky Republican Rep. Andy Barr called the bureau an “Orwellian predator” at a House subcommittee hearing where several lawmakers proposed reforms.

    By Caitlin Mullen • March 26, 2025
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    CFPB predicts late fee lawsuit settlement

    The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.

    By Justin Bachman • March 26, 2025
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    Trump calls on federal gov’t to banish paper checks

    The White House issued an executive order Tuesday calling on the federal government to cease using paper checks by September, except in certain circumstances.

    By March 26, 2025
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    Courtesy of Revolut Press Kit
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    Revolut US CFO aims for growth, maturity ahead of U.S. entry

    Balancing agility and compliance is crucial for the digital banking platform as it seeks to expand into markets like the U.S., Revolut Chief Financial Officer Max Lapin said.

    By Grace Noto • March 26, 2025
  • Fiserv CEO Frank Bisignano
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    Fiserv CEO vows to keep Social Security Administration intact

    Senate Democrats questioned Frank Bisignano on privatization of the federal agency’s function during a confirmation hearing Tuesday.

    By March 26, 2025
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    Banks bash Illinois trend-setting law on card swipe fees

    Banks and credit unions are trying to kill a new Illinois law banning interchange fees, with a court filing, as multiple states seek to emulate the legislation.

    By Justin Bachman • March 25, 2025
  • Fiserv CEO Frank Bisignano
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    Caitlin Mullen/Payments Dive, data from Fiserv
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    Fiserv CEO faces fire for Social Security cuts

    Two Senate Democrats are calling on Frank Bisignano to oppose any cuts to Social Security ahead of hearings on his nomination to lead the agency.

    By March 25, 2025
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    Arkansas, Utah move ahead with EWA laws

    The two states are the latest to pass legislation addressing workers’ growing practice of using earned wage access to tap their income before a regularly scheduled payday.

    By March 24, 2025
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    CFPB seeks extension to respond to nonbank oversight lawsuit

    The Consumer Financial Protection Bureau asked a federal court for more time to respond to a lawsuit over its authority to oversee big tech payments players.

    By Justin Bachman , March 24, 2025
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    Column

    States may be called on to pick up payments regulatory slack

    As the Trump administration dismantles the Consumer Financial Protection Bureau, state lawmakers and regulators have more opportunity to shape payments tool oversight, or risk repercussions.

    By March 18, 2025
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    Trump Organization lawsuit raises questions about Capital One-Discover deal

    Capital One needs three U.S. approvals to proceed with its $35 billion purchase of Discover. Could a Trump Organization lawsuit against the bank spell trouble?

    By Justin Bachman • March 18, 2025
  • Senator Elizabeth Warren holds out her hand as she speaks. In front of her a placard reads "Ms. Warren."
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    Retail, crypto groups converge to back stablecoin legislation

    The Merchants Payments Coalition and the Payment Choice Coalition locked arms to advance stablecoins as the Senate Banking Committee passed a stablecoin bill.

    By Lynne Marek • March 14, 2025
  • Wells Fargo headquarters in San Francisco is pictured on June 6, 2023.
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    JHVEPhoto via Getty Images
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    Discover Financial alum takes Wells Fargo IT role

    A former executive for the card company, Heather Blair, joined the bank’s IT team Monday. She’ll take the CIO post for its branch and ATM division.

    By Matt Ashare • March 14, 2025
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    Q&A

    Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’

    Regulators will keep BaaS under the microscope, continuing to put pressure on the fintech play, said Brett Pharr, the bank’s CEO.

    By Caitlin Mullen • March 13, 2025
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    Green Dot considers sale as CEO exits

    The embedded finance company, which posted a loss last year, hired Citigroup to explore its strategic options and named an interim CEO.

    By March 11, 2025
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    Q&A

    Killing the CFPB would create a vacuum, former insider says

    Payment players and large banks might enjoy lighter regulation if the agency disappears, but should be careful what they wish for, a former CFPB executive says.

    By Justin Bachman • March 7, 2025
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    Senate votes to overturn CFPB big tech rule

    The Senate backed a resolution to overturn a Consumer Financial Protection Bureau rule that gave the agency oversight of big tech companies offering payment tools.

    By March 6, 2025
  • Citibank wire transfers lawsuit New York
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    Banks say court’s ‘novel’ ruling upends wire transfer business

    The banking industry wants a federal appeals court review in New York’s case against Citibank, arguing that a judge has injected uncertainty into the wire transfer market.

    By Justin Bachman • March 5, 2025
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    CFPB drops fraud suit against Zelle’s operator, big banks

    The 2024 lawsuit alleging rampant fraud on the peer-to-peer payments service is the latest action the CFPB has dismissed under the Trump administration.

    By Justin Bachman • March 4, 2025
  • After signing a series of executive orders and proclamations, Trump spoke to reporters about a range of topics including recent negotiations with Mexico on tarriffs.
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    Trump names coins in strategic crypto reserve

    Differing from prior calls for a national bitcoin stockpile, the strategic reserve will have bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, according to the president’s Truth Social post.

    By Gabrielle Saulsbery • March 4, 2025
  • People standing at a conference booth with a Visa logo overhead.
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    Lynne Marek/Payments Dive
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    Visa lays out blueprint for global growth

    As if to push back against slowing card business growth in the U.S., the network’s top executives have staked out areas targeted for expansion.

    By March 3, 2025