Payment Technology Trends July 2022 | FinTech News | The Payment Technology Podcast | B2B Vault Episode 95

It is time for another monthly installment of Payment Trends - July 2022. Today we are sending out an invite to Senator Dick Durbin or anyone from Congress who would like to talk about credit card processing. We would LOVE to have you on our podcast and discuss payments and the payment ecosystem. We sent your team an email via your website. Today we are diving into the news: Apple - Getting sued for creating a non-competitive market. Buy Now Pay Later - more players are getting into the business. NEOBANKS - a growing trend - open a bank account without walking in the door. Government Regulation - is getting crazy - more agencies and task forces are looking at the financial industry. The reasons for this? Innovation is outpacing regulation - so businesses - FinTech are moving faster than the Government can react. Also, a few "Payment Activists" in Congress are attacking various financial industries. Here is a list of some of the agencies we are talking about: CFPB- Consumer Finacial Protection Bureau Federal Reserve Central Digital Bank Task Force on Financial Technology Task force on Mobile and Security The Office of Competition and Innovation - to promote innovation in the area of payments. Yet they are stifling innovation with over-regulation. The Government is asking all the big tech companies to hand over all types of information concerning all the data they collect and what they do with it. Meanwhile, insider trading has been going on for years, with congresspeople buying stocks that they have inside information. Now an investigation concerning $1.8 million of Crypto was sold by Congress before the new tax laws were released to the public. Since then, cryptocurrency has taken a tumble as investors and traders bailed out. This kind of stuff needs to stop. Also, more rules on Crypto, and what agency or agencies will be in charge of that? It looks like a hot mess - as the rules they are looking at do not make sense. So, enjoy today's Payment Trends Podcast. For more info about B2B Vault or if you want to book an appointment, text the word "BOOK" to 954-827-9818 Carpe Diem Peace Out Enter The B2B Vault Contest ---- https://kingsumo.com/g/2lfsmi/b2b-vaults-100th-episode-grand-prize-giveaway/