The U.K. will start live testing crypto blockchain technology in financial markets activities such as trading and settlement as part of the drive to become a global “crypto hub,” the finance ministry said on Tuesday (June 7) in an event in London. Get the Full...
Earlier this week, Senators Lummis and Gillibrand introduced new legislation to regulate the crypto space, and most of the headlines focused on the “win” for the Commodity Futures Trading Commission (CFTC) over the Securities and Exchange Commission (SEC). If the bill is approved in its...
U.S. Sen. Pat Toomey wants answers on why the Federal Reserve Bank of Kansas City, he says, revoked a master account for the FinTech Reserve Trust, Reuters wrote Thursday (June 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Consumer Financial Protection Bureau is looking into various practices and financial products that could leave employees indebted to employers, a press release said Thursday (June 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Today in TechREG, the Consumer Financial Protection Bureau (CFPB) removed Upstart from its list of approved “no-action letters” (NALs). The NALs provided regulatory immunity, but it was the company, not the agency, that requested the removal. Get the Full Story Complete the form to unlock...
The Consumer Financial Protection Bureau (CFPB) on Wednesday (June 8) issued an order to terminate Upstart Network from its list of approved “no action letters” (NALs). Surprisingly, the request to terminate the NAL didn’t come from the regulator but from the company, and it may...
President Joe Biden’s nominee for Federal Reserve vice chair of banking supervision, Michael Barr, has moved closer to winning the nomination after a lengthy process, The Wall Street Journal (WSJ) wrote Wednesday (June 8). Get the Full Story Complete the form to unlock this article...
The U.K. Treasury released a policy paper on Wednesday (June 8) proposing a new regulatory framework that would provide the Bank of England (BoE) and the Financial Conduct Authority (FCA) with new powers to oversee tech firms that provide critical services to the financial industry....
Today in TechREG, the United Kingdom has announced that it is planning to introduce legislation to give more powers to financial regulators to oversee nonfinancial firms that provide critical services to the industry. While the government didn’t mention any particular company, cloud providers like Amazon...
