Episode 298 - The Patchwork of Payments Regulation in the US, with Duncan Douglass, Alston & Bird LLP
40 pts · Notable·Glenbrook Payments News·6d ago · Jul 22, 22:51 UTC·1 min read
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In the latest episode of Glenbrook Payments News, Duncan Douglass from Alston & Bird LLP discusses the complexities and inconsistencies of payments regulation in the United States. The conversation highlights how the diverse regulatory landscape affects stakeholders across the payments ecosystem, including fintech companies and traditional financial institutions.
Key takeaways
- ▸Duncan Douglass provides insight into the fragmented nature of US payments regulation.
- ▸The discussion underscores the challenges faced by fintechs and legacy institutions navigating this regulatory environment.
- ▸Variances in state and federal regulations can lead to compliance difficulties for payment processors.
Why this matters
Understanding the regulatory landscape is crucial for payment providers as it influences operational strategies and compliance costs. Stakeholders must adapt to a patchwork of rules, which could stifle innovation or create competitive advantages based on regulatory savvy.
Entities
Companies: Alston & Bird LLP