Topic
Payment
982 published works
Global Regulation Tomorrow
FATF second consultation on revisions to R.16 and INR.16
On 24 February 2025, the Financial Action Task Force (FATF) issued its second public consultation on revisions to Recommendation 16 (R.16), its Interpretive Note (INR.16) and the related Glossary of…
Adjudication Insider
Interest forming part of an adjudicator’s decision
By Paul Hughes
Earlier today, the High Court published an ex-tempore judgment in Finnegan Construction Limited v Killycard Developments Limited [2024] IEHC 752, which was given by Simons J on 17 December 2024.…
Global Regulation Tomorrow
New Wolfsberg Group papers
On 21 February 2025, the Wolfsberg Group published: Wolfsberg Guidance on Payment Transparency - Roles and Responsibilities (dated 16 December 2024, published 21 February 2025). This document provides an overview…
The Right Coast
Judge Halts DOGE Access to Treasury Payment Systems – The New York Times
A federal judge early Saturday temporarily restricted access by Elon Musk s government efficiency program to the Treasury Department s payment and data systems, saying there was a risk of…
Global Regulation Tomorrow
ECB Decision on access by non-bank payment service providers to Eurosystem central bank operated payment systems and central bank accounts
On 6 February 2025, there was published in the Official Journal of the EU, Decision (EU) 2025/222 of the European Central Bank of 27 January 2025 on access by non-bank…
Consumer Financial Services Law Monitor
2024 Payments Year in Review: CFPB and FTC Regulatory Trends – Part Two
By Keith J. Barnett, Josh McBeain
In the second installment of a four-part Payments Year in Review series, Keith Barnett and Josh McBeain discuss significant developments in the payments landscape from the Consumer Financial Protection Bureau…
Global Regulation Tomorrow
PSD2: Correction to Commission Delegated Regulation (EU) 2017/2055
By Michael Born (DE), Simon Lovegrove (UK)
On 31 January 2025, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2025/212 of 13 September 2024 correcting Commission Delegated Regulation (EU) 2017/2055…
Global Regulation Tomorrow
PSR PS25/1 – statement of policy on our CBA framework
By Anita Edwards, Simon Lovegrove (UK)
On 30 January 2025, the Payment Systems Regulator (PSR) issued a statement of policy which explains its approach to cost benefit analysis (CBA) and how the CBA framework helps it…
Global Regulation Tomorrow
PSR and BoE agree updated principles for CHAPS cooperation
By Anita Edwards, Simon Lovegrove (UK)
On 27 January 2025, the Payment Systems Regulator (PSR) and the Bank of England (BoE) published letters to each other regarding the operation of CHAPS. The regulators note that they…
Other
FCA publishes multi-firm review findings on firms’ use of the NFD and money mule account detection tools
By Anita Edwards, Simon Lovegrove (UK)
On 23 January 2025, the Financial Conduct Authority (FCA) published the key findings from its multi-firm review on payment services and account providers’ use of the National Fraud Database (NFD)…