Hopper agrees to pay $35 million to settle FTC deceptive-fees charges
US-facing travel booking and checkout operators must display total prices inclusive of all fees and cannot pre-select optional charges without express consent
Fintech & Payments
37 briefs
EU ends MiCA transition for virtual asset service providers on 1 July 2026
Crypto-asset service providers serving EU customers must hold CASP authorisation or wind down EU operations, blocking onboarding, account openings and advertising
Alibaba and Ant's AUS Merchant Services pay $600M in DOJ non-prosecution deal over illegal-pharma marketplace and AML failures
Online marketplaces and payment processors serving US buyers must build screening and AML transaction-monitoring that actually prevents prohibited-goods sales and settlement, not just flag them after the fact
EU imposes EUR 3 per-item customs duty on low-value distance-sale imports and shifts declarant liability to platforms
Platforms, sellers, carriers and postal operators importing sub-EUR 150 distance-sale goods into the EU must declare and pay a new EUR 3 per-item customs duty and, from 1 November 2026, provide product identifiers for each item
FCA publishes final crypto rules — authorisation, capital, market-integrity and stablecoin standards, mandatory from October 2027
Crypto trading platforms, intermediaries, custodians, stablecoin issuers and staking firms must obtain FCA authorisation — the gateway opens 30 September 2026 and the mandatory regime takes effect 25 October 2027
RBI expands customer-liability framework for fraudulent electronic banking transactions effective 1 January 2027
Banks must expand fraud-liability coverage, shorten complaint timelines and run a small-value compensation mechanism from 1 January 2027
Reserve Bank of India inserts Chapter IIA on Credit Facilities Linked to Specific Payment Instruments
Small finance banks must set prudential treatment of payment-instrument-linked credit facilities by the underlying facility, not the payment instrument
Reserve Bank of India binds payment-instrument-linked credit facilities to prudential norms
Commercial banks must apply existing prudential norms to any credit facility linked to a specific payment instrument and include its terms in the bank's credit policy
RBI issues TReDS Directions, 2026
TReDS operators must apply the new Directions immediately: capital requirements are revised and MSME-seller due-diligence is removed
RBI issues KCC Scheme Directions for Regional Rural Banks effective 1 Jan 2027
Regional Rural Banks must apply the new six-year composite KCC framework — revised limits, collateral thresholds and digital channels — to KCC loans sanctioned from 1 January 2027.
RBI widens SNRR account scope to IFSC branches and mandates purpose-capture for non-resident transfers
AD banks must capture a stated purpose before effecting non-resident-to-non-resident SNRR transfers, and may now hold SNRR accounts at IFSC branches.
Reserve Bank of India amends Urban Co-operative Banks' financial‑services directions, effective 01 Jan 2027
Urban Co-operative Banks must meet specified eligibility, prudential and compliance conditions (fee‑only, no risk participation, regulator compliance, board resolutions, grievance arrangements) before they are permitted to offer third‑party financial products or referral services after 01 Jan 2027