Regulation

Regulation
UK’s FCA Seeks Comments on Streamlining Investor Protection Rules
November 27, 2024

The United Kingdom’s Financial Conduct Authority launched a consultation on proposals to transfer firm-facing requirements of the Markets in Financial Instruments Directive Organisational Regulation (MiFID Org Reg) into FCA Handbook rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Regulation
FTC: Evolv Oversold Abilities of AI-Powered Weapon Detector
November 26, 2024

The FTC has accused Evolv Technologies of overstating the capabilities of its in-school weapons-detection system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Regulation
EC: Bluesky Breaches Rules by Not Disclosing Number of Users
November 25, 2024

A European Commission spokesman reportedly said Monday (Nov. 25) that social media platform Bluesky is breaching European Union (EU) rules by not disclosing how many users it has in the EU and where it is legally established. Get the Full Story Complete the form to...

Regulation
UK’s FCA Aims to Support Competitiveness of Financial Services Sector
November 25, 2024

The United Kingdom’s Financial Conduct Authority (FCA) has launched an economic research competition that will award four winners up to 30,000 pounds (about $37,726) to research how regulation can support the country’s economic growth. Get the Full Story Complete the form to unlock this article...

Regulation
Final CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions 
November 21, 2024

The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
FTC Begins Sending Consumers Refunds in ‘Made in USA’ Case
November 20, 2024

The Federal Trade Commission (FTC) is sending over $140,000 in refunds to consumers after taking action against companies that it alleged made false claims that their products were “Made in USA” or “Hand Crafted in USA.” Get the Full Story Complete the form to unlock...

Regulation
OCC’s Hsu Supports Chartering Regime for Nonbanks
November 20, 2024

Acting Comptroller of the Currency Michael J. Hsu said he supports “federal payments regulation and a chartering regime for nonbanks.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Regulation
FDIC Extends Comment Period for Proposed Custodial Account Recordkeeping Rule
November 18, 2024

The Federal Deposit Insurance Corp. (FDIC) has extended the public comment period for its proposed rule on recordkeeping for banks’ custodial accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Regulation
Making Sense of FinCEN’s Jan. 1 Business Ownership Reporting Requirements
November 15, 2024

There’s an upcoming deadline for companies in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...