Regulate in Haste, Repent At Leisure, Bank Lobbyists Warned

September 17, 2015 By Mark Taylor
Payments Compliance

Leveling the regulatory playing field between U.S. banks and disruptive payment providers by wrapping the latter in red tape may hinder those calling for parity, leading industry experts have warned.

The Clearing House (TCH), a 153 year-old banking association and payments company, is pushing legislators to address gaps in data security practices of alternative payment providers (APPs) in a contentious white paper.

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