What’s New with Regulation in the Mobile Payment and Fintech Space?
MPIW January 2017 Meeting with Regulators Report
Periodically, the Mobile Payments Industry Workgroup (MPIW) meets with representatives from federal and state regulatory agencies to gauge their level of activity in the mobile/digital payments space and share perspectives on developments, challenges, and potential gaps in coverage or education. Topics discussed at the most recent January 2017 MPIW meeting included: the role of financial technology (fintech) companies in U.S. financial services; regulatory framework for mobile/digital wallets; and an overview of the European Union’s (EU) Payment Services Directive 2 (PSD2) and implications for U.S. payment industry stakeholders. No major surprises emerged from the discussions with the regulators, but the MPIW identified several issues and opportunities for further analysis.