Sections
Regulation
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904Credit Suisse Censured By FINMA For Lax Anti-Money Laundering Processes
Credit Suisse has been censured by FINMA, the Swiss financial supervisor, for weak anti-money laundering processes, reported Financial Times. According to the...
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1.9KFTC Chairman Eyes Tougher Tech Enforcement
The chairman of the Federal Trade Commission (FTC) said he might consider getting tougher on antitrust enforcement, which would have an impact...
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1.6KInternet Association Says Companies Support National Data Privacy Rules
The Internet Association, a group that represents Facebook, Amazon and Alphabet’s Google, among other technology and internet companies, said on Tuesday (Sept. 11)...
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1.3KWells’ Plan To Compensate Auto Insurance Holders Rejected
Wells Fargo has seen U.S. regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Reuters,...
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1.6KFacebook, Google, Publishers Go Head-To-Head Over ‘Digital Use’ Payments
The European Parliament is set to vote this week on copyright legislation that would make media internet platforms pay for the content...
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2.1KFanDuel, DraftKings Launch Online Gambling Products
Bet on it: More gambling is coming to consumers’ mobile devices, including via companies that provide fantasy sports betting, thanks to a...
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2.2KBritish Airways Data Hack A Test Case For GDPR
GDPR compliance has yet to be fully embraced by firms on a global scale, yet headlines from this past week show just...
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2.3KUS State AGs Mull Tech Regulation
U.S. state attorneys general are working together to figure out the best way to regulate internet powerhouses such as Facebook, Twitter and...
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1.8KCompliance Via Webstore
FinTechs know now that automation can be a key to success. So it is with compliance and risk. Know your customer (KYC)...
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2.1KIdentityMind Debuts RegTech Webstore
IdentityMind Global has announced the launch of its IdentityMind Webstore, an online RegTech marketplace that enables firms to integrate regulatory compliance functions directly...
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2.7KIdentityMind On The Need For FinTech Compliance Marketplaces
Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list. Automating that compliance is now a “need to...
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2.6KDigital Privacy, Security Issues Take Spotlight At Congressional Hearings
Top executives from Twitter and Facebook sought to reassure U.S. lawmakers on Wednesday (Sept. 5) that they can better protect users from...
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2.7KSummer Wanes, But As GDPR Gains Steam, Security Complaints Heat Up
Summer is ending – but less than four months into the General Data Protection Regulation (GDPR), might complaints about security be heating...
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2.6KDeutsche Bank CEO: Banking Reg Hurts X-Border M&A
Deutsche Bank’s Chief Executive Christian Sewing said on Wednesday (August 29) that the banking regulations in Europe remain fragmented, hurting the opportunity...
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1.1K
GDPR Prompts Flood Of Data Complaints
The number of complaints filed with the U.K. data protection watchdog has more than doubled since the General Data Protection Regulation (GDPR)...
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2.3KGDPR Compliance Yet To Gain Traction
The initial verdicts of General Data Protection Regulation (GDPR) are in, at least in terms of compliance – or lack thereof. In...
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2.4KSenator Warren Rails Against Corporations
Senator Elizabeth Warren has come out swinging against U.S. corporations with a new proposal that would force the owners of successful companies...
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2.2KFCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses...
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659SEC: Financial Advisor Ameriprise To Pay $4.5M Fine
The U.S. Securities and Exchange Commission (SEC) announced, according to Reuters, that it has charged Ameriprise Financial, a registered investment advisor and broker-dealer,...
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3.0KFraming The FinTech Build Vs. Buy Debate
Build vs. buy. The eternal debate. No, not just in homeownership, but in business, too – and especially when it comes to...
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1.6KFinCEN Eyes Cryptocurrency Amid 1,500 Monthly Complaints
1,500 complaints about suspicious activity per month. That’s the tally that FinCEN Director Kenneth A. Blanco told a conference last week that FinCEN,...
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1.6KIndia’s Telecom Regulator Head Sharma To Stay On For Two More Years
The head of the Telecom Regulatory Authority of India (TRAI), Ram Sewak Sharma, will stay on in his role for two more years....
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1.3KTrump Administration Shrinks Finance Watchdog
The Trump administration is laying off 40 staff members at the Office of Financial Research (OFR), an independent bureau that analyzes market...
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1.9KSome States Readying For A Fight Over Federal Government’s FinTech Oversight
Some states are girding for a fight with the Trump White House over plans for the federal government to increase its role...
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1.9KMoney Laundering Runs Rampant On Canadian Border
Law enforcement officials are seeing a rise in money laundering cases in Canada, and some say the country isn’t doing enough to...
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3.6KUS Tech Companies Working With Regulators To Shape New Privacy Laws
U.S. technology companies, anticipating that they will face increased regulation in how they handle consumers’ data, are working with policymakers to potentially...
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2.7KRegulators Around The Globe To Collaborate To Encourage FinTechs
Regulators from the U.K., U.S. and Hong Kong announced on Tuesday (Aug. 7) a new alliance aimed at encouraging the growth of...
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2.6KTreasury Finds Promise In, Urges Regulation Across, FinTech Landscape
It was no surprise that FinTech dominated regulatory headlines this past week, with a Treasury report that helped set the stage for...
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4.2KFinTech Firms On The New FinTech Charter
Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves...
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1.8KTrump Administration Wants To Raise China Tariffs To 25 Percent
Some Trump administration advisers are pushing the president to set tariffs as high as 25 percent on $200 billion of Chinese imports...
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1.9KBipartisan Policy Center Report Urges Small Business Financial Reforms
A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. financial system improve the ability of...
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2.9KSenator Mark Warner Drops New Policy Proposals For Regulating Tech
The team at Facebook is not having a great week, as it seems all of its recent data scandal chickens have come...
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2.7KGDPR, Impactful And Showing Its Face(book)
A bit more than two months in, GDPR (shorthand for General Data Protection Regulation) is having an impact. Not surprising, as borne...
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1.9KRegulators Eye Google, China’s Interest Rates, Crypto Risk Framework Looms?
In the regulatory realm (for Google, at least), call it a case of adding insult to inquiry. A bit of pun there,...
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995US Chamber Demands Crypto, ICO Regulation
The U.S. Chamber of Commerce is demanding clearer regulations for cryptocurrencies and any activities related to them, including initial coin offerings (ICOs)....
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1.4KNewest Version Of JOBS Act Wins Approval In The US House
Raising capital could become easier for businesses, especially smaller firms, under legislation that easily made it through the U.S. House of Representatives...
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2.0KEU: Airbnb Violates Consumer Rules
The European Union (EU) has ordered Airbnb to bring its terms and conditions into line with the bloc’s consumer rules after a...
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3.4KFTC: Fair Credit Reporting Act Still Top Priority
The Federal Trade Commission testified on Thursday (July 12) that enforcement of the Fair Credit Reporting Act (FCRA) remains a top priority....
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1.6KLawmakers Say FinTech, Not Dodd-Frank, Should Be GOP Focus
U.S. Representative Patrick McHenry thinks it’s time for the GOP to move on from its mission to kill the Dodd-Frank Act. McHenry,...
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2.2KMalta’s Lack Of Anti-Money Laundering Enforcement Slammed By EU
The European Banking Authority, the main banking regulator in Europe, slammed Malta for “systematic” failings in the enforcement of anti-money laundering rules,...
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3.0KNY Dept Financial Services: Online Lenders Need Oversight
New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks...
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1.6KTech Trade Group Pushes National, Not State Data Privacy Laws
Dean Garfield of the Information Technology Industry Council — a trade group that represents Google, Microsoft and other tech companies — is calling...
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3.2KIndia Could Relax Rules On Data With Payment Companies
The Ministry of Finance in India is proposing that the government relax a directive that would require global payment firms to store...
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3.3K
UK Tax Authority Increases Money Laundering Fines
The U.K. tax authority has almost doubled the fines it hands out for money laundering rule violations in the most recent financial...
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1.2KGermany’s Telecom Regulator Head Going After Google, Facebook
Jochen Homann, the president of Germany’s telecom regulator Bundesnetzagentur, is going after Google and Facebook, contending that their messaging and email services...
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3.1K
Regulators Ask EU For GDPR Exemptions
Regulators from North America, Great Britain and Asia have requested a formal exemption from the European Union’s new data privacy law that...
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4.2K
FinTech Catches Regulatory Gaze In The US
Regulators turned their collective gaze toward FinTech firms this past week. Specifically, the Treasury Department is slated to release (sometime over the...
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1.4KSenate: Marijuana Businesses Still Can’t Use Banks
A U.S. Senate panel has voted to block an amendment that would allow banks to open accounts for marijuana businesses without being...
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2.7KRegulators Eye P2P Car-Sharing Platforms
Peer-to-peer car-sharing services might soon face the same regulation as traditional car rental companies. According to The Wall Street Journal, startups Turo...
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3.7KGDPR Laggards Can Still Get Ahead Of The Game
The time for “wait and see” is running out when it comes to new European privacy regulations. Soon enough, the financial and...
