The Financial Crimes Enforcement Network (FinCEN) on Friday (June 3) issued an Advance Notice of Proposed Rulemaking (ANPRM) relating to the implementation of a no-action letter process at FinCEN. A no-action letter is used as a form of enforcement tool where an agency states by...
Financial regulators have yet to publish a comprehensive set of artificial intelligence (AI)-related rules, as most of the efforts have focused so far on guidelines and principles for financial institutions to make good use of AI. However, senior banking regulator officials warned on Friday (June...
Several House and Senate leaders from both parties will be moving forward with online privacy legislation, The Wall Street Journal (WSJ) wrote Friday (June 3), which would put limits on how consumer data can be collected by companies. Get the Full Story Complete the form...
This week in TechREG, regulators in Europe and the United Kingdom continue exploring new rules in the cryptocurrency space. 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...
This week in TechREG has been quieter than usual as lawmakers didn’t hold congressional hearings and regulators didn’t make important announcements. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Cryptocurrency executives are banking on U.S. politics more than many industrial stalwarts, a report said, with political donations from crypto going beyond $26 million during 2021 and the first three months of 2022. Get the Full Story Complete the form to unlock this article and...
The Commodity Futures Trading Commission (CFTC) has announced a complaint against Gemini Trust Company over allegedly false or misleading statements regarding a bitcoin futures product, per a CFTC press release Thursday (June 2). Get the Full Story Complete the form to unlock this article and...
The European Commission has launched a public consultation to gather information for its review of the second EU Payment Services Directive (PSD2). The Commission has published two papers on this issue, a questionnaire for the general public and one for industry experts. Get the Full...
The European Supervisory Authorities (ESAs) published a joint report on Thursday (June 1) advocating for the introduction in all relevant EU sectoral laws of a specific legal ground to revoke licenses for breaches of anti-money laundering/combating the financing of terrorism (AML/CFT) rules. Get the Full...
