Compliance

Debit's on a roll. Are small merchants getting rocked?

03/30/21

The Justice Department's probe of Visa highlights whether merchants are properly equipped to adapt to the cost of debit spending as more commerce goes digital.

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Goldman didn’t discriminate with Apple Card, N.Y. regulator says

03/23/21

Goldman Sachs Group didn’t use discriminatory practices when deciding whether to extend credit to prospective customers of its Apple Card, said the New York State Department of Financial Services.

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Merchants respond to DOJ probe of Visa debit card practices

03/19/21

The Justice Department has already successfully intervened to break up Visa's deal to buy Plaid. Merchants welcome reports that it is looking at Visa's routing practices.

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U.S. warns banks over ties with sanctioned Chinese officials

03/17/21

The State Department has added 14 Chinese lawmakers, including a member of the Communist Party’s ruling Politburo, to a blacklist under the Hong Kong Autonomy Act. Banks face sanctions if they do business with them.

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Arizona group aims to jump-start European-style open banking in U.S.

03/10/21

The Arizona Fintech Council, an organization of banks, economic and technology groups, will encourage collaboration and access to the state's regulatory sandbox to promote a version of Europe's open banking policy in the U.S.

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In pot banking, bigger isn't always better

03/10/21

With national banks awaiting federal decisions on marijuana banking policy, smaller institutions can capitalize on local laws. That’s the theory Colorado Ventures is putting to the test with a $5 million investment in AeroPay, which banks with Partner Colorado Credit Union.

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NCUA board members call for reforming de novo process

03/04/21

In remarks during CUNA’s online Governmental Affairs Conference, Vice Chairman Kyle Hauptman and board member Rodney Hood lambasted the lengthy process necessary for launching a new credit union.

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