A new presidential administration in the United States and a new executive commission in the European Union transformed technology regulation in 2025. They each had different views from their predecessors on cryptocurrency, artificial intelligence, data protection and trade, and they reshaped what had been a...
Startup founder Charlie Javice was sentenced to prison in September for defrauding JPMorgan. The legal battle around her trial, however, is still going on, as Bloomberg News reported Wednesday (Dec. 31). At issue are the legal fees the banking giant is required to pay under a 2023 court...
American regulators collected 61% less in money laundering/sanction breach fines in 2025. That’s according to a report Wednesday (Dec. 31) by the Financial Times (FT), which ties this decline to a more lenient approach to financial regulation under the Trump administration. Total fines levied against companies for...
A judge ruled Tuesday (Dec. 30) that the Trump administration must continue funding the Consumer Financial Protection Bureau (CFPB) until an appeals court hearing that is scheduled for February. The CFPB was set to run out of funds within the next month, Politico reported Tuesday....
New consumer privacy laws go into effect Thursday (Jan. 1) in Kentucky, Indiana and Rhode Island, each holding implications for banks, FinTechs and merchants. Together, they add to the growing patchwork of state-level privacy regimes payment processors must navigate, imposing new burdens on compliance departments....
Tokenization is steadily reshaping how financial assets are recorded and moved, and support from regulators is paving the way for wider use across financial services. At its simplest, tokenization converts an existing claim into a digital representation on a distributed ledger. The underlying asset does...
The Federal Deposit Insurance Corp. (FDIC) announced a consent order with Birmingham, Alabama-based SouthPoint Bank that concerns “charges of unsafe or unsound banking practices and/or violations of law or regulation relating to weaknesses in management, asset quality, capital, earnings, and liquidity/funding.” The bank consented to...
Once sharply focused on an expansive enforcement agenda, the Consumer Financial Protection Bureau (CFPB) has reprioritized matters it pursues, amended or scaled back certain actions, and faces an (at best) uncertain environment as the new year dawns. For financial institutions and technology firms, the change...
A key figure in the collapse of cryptocurrency exchange FTX is nearly set to leave prison. Caroline Ellison, a key prosecution witness during the fraud trial of FTX CEO Sam Bankman-Fried, is scheduled to leave federal custody Jan. 21 of next year, according to records...