Block’s Cash App Score Expansion Raises Consent and Explainability Questions
Block plans to distribute its transaction-based Cash App Score to outside lenders through Nova Credit, putting consent, decision explanations and model oversight in focus.
Category: Regulation & Compliance
MAS Stablecoin Plan Adds Labeling, Redemption and Wind-Down Controls
Singapore’s central bank is consulting on a stablecoin regime covering regulated labels, par redemption, foreign recognition and issuer wind-down planning.
BIS Warns Stablecoin Scale-Up Still Lacks Core Payment Safeguards
BIS General Manager Pablo Hernández de Cos said stablecoins still face unresolved gaps in par redemption, cross-chain interoperability and financial-integrity controls.
Visa Tests Syria Card Acceptance as Sanctions Controls Remain Critical
Visa tested a live international card transaction in Syria with Fransabank Lebanon and Paymera, while targeted U.S. sanctions continue to shape payment controls.
Fed Bars Former Banco Popular Employee Over $65,747 Customer-Fund Scheme
A Federal Reserve consent order says a former Banco Popular telephone banking consultant used at least 50 unauthorized transactions to pay credit-card debt.
UK Plans New Bank of England Payments Innovation Objective
The UK plans to make payments innovation a secondary Bank of England objective, subordinate to financial stability and subject to annual reporting.
ASIC and APRA Press Payment Providers to Test AI-Era Resilience
Australia’s financial regulators want payment providers and other financial firms to prove that governance, recovery and third-party controls work at AI-driven speed.
SEC Proposes Crypto Offering Exemptions and Conditional Safe Harbor
The SEC’s proposed Regulation Crypto Assets would add two offering exemptions, disclosure duties and a conditional safe harbor for certain crypto transactions.
Fed Restricts SouthPoint Bancshares Dividends and Debt Under New Capital Agreement
A Federal Reserve agreement requires SouthPoint Bancshares to strengthen capital planning, support its bank and obtain approval before dividends or new debt.
CFTC Uses Emergency Power to Keep Kalshi Operating During New York Fight
The CFTC ordered Kalshi to keep operating after New York sought to stop its event-contract business, escalating a federal-state fight over prediction markets.
Draft FDIC Plan Would Certify Bank Fintech Vendors Without Replacing Oversight
A draft framework would create reusable certification for bank technology providers, but it leaves banks responsible for customer protection, integration and ongoing oversight.
India Gives Government More Control Over UPI Fee Protections
Parliament has shifted India’s statutory no-charge rule for digital payments to a government-notification model, leaving the future treatment of UPI merchant fees unresolved.