Regulations & Policy: Page 3
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Chip Somodevilla via Getty Images
Fed delays start of new Fedwire standard
The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.
By Lynne Marek • Feb. 19, 2025 -
Ezra Acayan via Getty Images
Payments players mull new approaches to fraud
Google, Nacha, Early Warning Services and Truist are among the companies seeking to better protect the e-commerce ecosystem from push-payment scams.
By Lynne Marek • Feb. 18, 2025 -
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toeytoey2530 via Getty Images
TrendlineE-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 -
Kenneth Cheung via Getty Images
How payment scams start on social media
Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.
By Patrick Cooley • Feb. 18, 2025 -
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Georgia special charter attracts another applicant
The move follows the approval of payment processing company Fiserv’s application, which was approved in October, but payments industry consultants say the path to using such a charter is a rocky one.
By Patrick Cooley • Feb. 13, 2025 -
Sean Pavone via Getty Images
Wise to close Tampa office, cut 300 employees
The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.
By Rajashree Chakravarty • Feb. 12, 2025 -
The image by Ted Eytan is licensed under CC BY-SA 2.0
Ex-FDIC official McKernan tapped to lead CFPB
The development came on a day when the bureau terminated roughly 70 probationary employees, including enforcement division attorneys, according to Bloomberg Law.
By Dan Ennis • Feb. 12, 2025 -
Lynne Marek/Payments Dive
Discover flags potential Cap One merger delay
Discover Financial Services said it now expects the transaction to be completed by May 19, three months later than initially expected as the companies await regulatory approvals.
By Patrick Cooley • Feb. 12, 2025 -
Andrew Harnik via Getty Images
CFPB’s future hangs in the balance after a wild weekend
Consumer Financial Protection Bureau staff were told to work remotely this week after a new acting chief halted agency supervision and enforcement. He also told the Federal Reserve the agency wouldn’t take any unappropriated funding next quarter.
By Dan Ennis • Feb. 10, 2025 -
Chor muang via Getty Images
Senators reintroduce bill to bar CBDC
Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.
By Lynne Marek • Feb. 10, 2025 -
Chip Somodevilla via Getty Images
Treasury responds to concerns about Musk ‘meddling’
A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.
By Lynne Marek • Feb. 6, 2025 -
Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv doubles down on embedded finance
Company executives touted a recent partnership with DoorDash and said the company has more embedded finance deals in the pipeline.
By Patrick Cooley • Feb. 6, 2025 -
Chip Somodevilla via Getty Images
Sanders, Hawley introduce credit card interest rate cap bill
In an unlikely union, Republican Sen. Josh Hawley and independent Sen. Bernie Sanders have locked arms to introduce legislation that would cap credit card interest rates at 10% over five years.
By Lynne Marek • Feb. 5, 2025 -
Anna Webber via Getty Images
Cash App, Venmo app downloads decline
Consumer downloads of apps like Cash App and Venmo dropped in the fourth quarter compared to the year-ago period, data from Wolfe Research shows.
By Patrick Cooley • Feb. 5, 2025 -
Sara Samora/Payments Dive
Democrats decry Trump payments policy upheaval
Congressional Democrats criticized Trump administration moves at the Treasury Department and Consumer Financial Protection Bureau that suggest changes to federal government payments and policies.
By Lynne Marek • Feb. 4, 2025 -
mikkelwilliam via Getty Images
Gamers support CFPB video game payments rule
Video game players and their parents submitted comments to the Consumer Financial Protection Bureau saying they overspent, or lost their accounts to hackers.
By Patrick Cooley • Feb. 4, 2025 -
Kent Nishimura / Stringer via Getty Images
Chopra finally exits CFPB as Bessent steps in
The agency’s deputy director, Zixta Martinez, was initially named acting director, but a terse press release Monday designated U.S. Treasury Secretary Scott Bessent to that role.
By Dan Ennis • Feb. 3, 2025 -
Chip Somodevilla via Getty Images
What’s coming for the payments industry in 2025
Regulatory change and artificial intelligence are widely expected to drive challenges and opportunities across the landscape this year.
By Payments Dive staff • Jan. 31, 2025 -
Creative via Getty Images
Q&AWorldpay tackles fraud-fighting in new ways
The payments processor is aligning with merchants, card issuers and networks to share transaction data and use AI to fight fraud.
By Lynne Marek • Jan. 30, 2025 -
Courtesy of Apple
Apple, Google coalition seeks to skirt payments rule
Tech advocacy groups argue the tech giants should not be subject to a Consumer Financial Protection Bureau rule because they aren’t payment companies, according to a lawsuit filed this month.
By Patrick Cooley • Jan. 29, 2025 -
Anna Moneymaker via Getty Images
Deep DiveFintechs may gain at banks’ expense in Trump era
The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase competition for banks.
By Lynne Marek • Jan. 28, 2025 -
Courtesy of https://www.prnewswire.com/news-releases/american-fintech-council-afc-selects-phil-goldfeder-as-ceo-301752973.html
Q&ATrade group leader discusses BNPL security and appeal
American Fintech Council CEO Phil Goldfeder discussed the reasons consumers have started using buy now, pay later services in greater numbers, and why they return to the emerging payment method.
By Patrick Cooley • Jan. 27, 2025 -
Justin Sullivan via Getty Images
Amex posts 2024 records for payments volume, fees
The credit card company’s revenue and net income surged last year as spending by cardholders and card customer additions reached new highs.
By Patrick Cooley • Jan. 24, 2025 -
Lynne Marek/Payments Dive
Discover Q4 payments volume drops
The card company still reported a rise in revenue and a surge in net income, driven partially by an increase in interchange and other fees paid by merchants.
By Patrick Cooley • Jan. 24, 2025 -
Christopher Furlong via Getty Images
Trump order embraces stablecoins, bars CBDCs
President Trump issued a “digital financial technology” executive order Thursday backing the cryptocurrency industry and terminating any federal work on a central bank digital currency.
By Lynne Marek • Jan. 23, 2025 -
Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv names Bisignano’s successor
The payments processor tapped Michael P. Lyons, currently president of PNC Financial Services Group, to succeed CEO Frank Bisignano.
By Patrick Cooley • Jan. 23, 2025
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