Topic
Payment
982 published works
Consumer Finance Monitor
Why the CFPB’s new lawsuit resembles “Operation Choke Point”
Yesterday, the CFPB announced that it had filed a lawsuit against "the ringleaders of a robo-call phantom debt collection operation, their companies, and their service providers." This is the same lawsuit…
Other
PSR launched new website and confirms start date
The Payment Systems Regulator (PSR) has launched its new website, www.psr.org.uk, and has published an announcement by its managing director, Hannah Nixon, which confirms that the PSR will be fully…
Antitrust, Competition and Trade
PSR Annual Plan and Budget 2015/2016
The Payment Systems Regulator (PSR) will become fully operational on 1 April 2015. The PSR has published its Annual Plan for 2015/16. In its Annual Plan the PSR outlines its…
Other
Payment System Modernization
A recent article in the Globe and Mail suggested that the banking industry is about to suffer a huge upheaval from the impact of digital technology. In part, this upheaval…
Other
Orders designating certain payment systems into the scope of PSR
HM Treasury has published 7 designation orders which bring the following payment systems into the scope of the Payment Systems Regulator: Bacs; CHAPS; Faster Payments; Link; Cheque and Credit; Northern…
MoFo ReEnforcement: The Enforcement Blog
When Is “Payment Authorization” the Same as a “Payment”? Seventh Circuit Weighs In
A divided Seventh Circuit found that the Truth in Lending Act (TILA), 15 U.S.C. § 1601 et seq., requires mortgage servicers to credit online electronic payments on the day the…
Banking, Finance and Securities
Council of EU publishes texts of MIF Regulation and ELTIF Regulation
The Council of the EU (the Council) has published the texts of the Regulation on interchange fees for card-based payment transactions (MIF Regulation) and the Regulation on European Long-Term Investment…
Banking, Finance and Securities
PSR delays entry into force of directions
The Payment Systems Regulator (PSR) has announced that any directions in its November consultation paper, which were proposed to come into force on 1 April 2015, will now come into…
Banking, Finance and Securities
The BoE’s supervision of financial market infrastructures – annual report
The Bank of England (BoE) has responsibility for supervising financial market infrastructures (FMIs) as part of its mission to promote the good of the people of the UK by maintaining…
Banking, Finance and Securities
The Payment Services (Amendment) Regulations 2015
There has been published on the legislation.gov.uk website the Payment Services (Amendment) Regulations 2015 (the Regulations) together with an explanatory memorandum. Amongst other things, the Regulations amend the Payment Services…