The Federal Communications Commission (FCC) has blocked the importation, marketing or sale of new foreign-produced mobile robots and connected power inverters. These products were added to the FCC’s Covered List, which identifies communications equipment and services that pose an unacceptable risk to U.S. national security...
In 1996, Congress passed legislation requiring banking agencies to address unneeded regulatory burdens. Thirty years later, it is difficult to tell if the efforts behind the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) have been effective, the Government Accountability Office (GAO) said in a...
Until Monday (July 27), the odds favored Minnesota becoming the first state to make operating or advertising a prediction market in the state a felony starting Aug. 1. But a federal judge has blocked the law from taking effect, at least for now. Federal District...
The New York State Department of Financial Services (DFS) secured a $50 million penalty from Swedbank AB and its New York branch in a case in which the regulator alleged that the bank withheld information from investigators. The settlement resolves a DFS investigation into Swedbank’s compliance with...
The Federal Reserve wants to make it easier for some eligible institutions to connect directly to its payment services without giving them everything that comes with a Master Account. Monday (July 27) is the comment deadline for the Fed’s Proposed Revisions to the Federal Reserve...
Cross-border payments platform Wise said Friday (July 24) that it will submit a new application for a U.S. national trust bank charter after the Office of the Comptroller of the Currency (OCC) denied the original application it submitted over a year ago. The OCC said...
The Financial Action Task Force is urging governments to bring decentralized finance platforms under anti-money laundering rules when developers, token holders or other identifiable parties retain meaningful control. It warned that many purportedly decentralized platforms are not as decentralized as they claim. In a report...
President Donald Trump’s nominee to head the Consumer Financial Protection Bureau (CFPB), Capital One executive Brian Johnson, said Thursday (July 23) that he has not decided whether to pursue the administration’s plans to fire most of the regulator’s staff, Reuters reported Thursday. Speaking at a Senate Banking Committee nomination hearing, Johnson said, per the report:...
Surveillance pricing is now banned in New Jersey, and new electronic shelf labels are under a one-year moratorium. New Jersey Gov. Mikie Sherrill signed the Fair Price Protection Act into law, saying it will protect the state’s shoppers from discriminatory surveillance pricing, according to a Thursday (July 23) press...