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Vixio LinkedIn Live: A Regulatory Roundup of March's Payments News

This month’s episode examines regulatory updates in March across the UK, the EU, the U.S., and APAC, highlighting developments in DORA, MiCA, and the CFPB’s Regulation Z.

This month’s episode examines regulatory updates in March across the UK, the EU, the U.S., and APAC, highlighting developments in DORA, MiCA, and the CFPB’s Regulation Z.

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Our Vixio Live series is your monthly window into the complex world of compliance and regulations, where our experts use our Horizon Scanning tool to review the biggest regulatory changes that have happened during the previous month.

In this episode, Vixio experts Luke Baker and Jimmie Franklin examine the regulatory updates across various regions in March 2024.

  • In the UK, slowing down fast payments if fraud is suspected, which can go on until the end of the fourth business day.
  • In the EU, the Joint European Supervisory Authority published a series of responses to DORA consultations on March 12th.
  • In the U.S. the CFPB published its final rule amending Regulation Z to address credit card penalty fees charged by issuers with one million or more open accounts, establishing a $8 safe harbour threshold.
  • In APAC, the Monetary Authority of Singapore extended restrictions on money remittances from Singapore to China until 30th September 2024, except in certain cases (essentially the freeze is on non-bank and non-card channels).

“Vixio GamblingCompliance is an important string to our bow in helping us to be as effective as possible in supporting our partners. The understanding that the team at Vixio have of global gambling regulation is tough to match in their field, and their ability to effectively communicate this knowledge is a big help for our team as we continue to expand globally. Regulatory and compliance teams of any size or experience can benefit from the expertise Vixio brings to the table, and they have helped us to stay abreast of developments and maintain the high standards we have set for compliance and integrity.”

Tommaso Di Chio

SVP Regulatory Affairs
and Compliance at Kambi

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