Sections
Regulation
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1.8KBrexit To Bring ECB Scrutiny To Bear On Banks
Brexit backlash? Banks should brace for more focus – at least from the European Central Bank – on capital structure and liquidity...
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1.4KSLPs Not Complying With UK Rules, And Not Being Punished
Nearly half of the U.K. corporate structures that are tied to money laundering don’t meet the ownership regulation, but haven’t faced any...
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1.1KAmazon Faces An Inquiry In Austria Over Its Dual Roles
Amazon is under fire in Austria, with the Austrian Federal Competition Authority reviewing the firm’s dual role as a leading retailer and...
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1.7KApple, IBM CEOs To Advise On Trump Workforce Policy
Apple CEO Tim Cook and IBM CEO Ginni Rometty have been appointed to President Donald Trump’s advisory board that aims to direct the...
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2.1KLawmakers Mull Overhaul Of Student Debt System
A proposed law aims to completely overhaul the student loan system by having monthly bills automatically deducted from borrowers’ paychecks. According to...
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1.7KTrump Admin Allows Faster Fed, OCC Bank Merger Approvals
Banks are finding it easier to merge since Donald Trump took office, and since federal regulators have revised policies to make the...
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1.2KFacebook, Google Pressured In India Over Privacy, Taxes
Indian activists with the New Delhi-based Centre For Accountability And Systemic Change (CASC) and right-wing activist K.N. Govindacharya have asked lawmakers in...
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1.5KFed Aims To Regulate Banks Based On Size
The Federal Reserve wants to change some of its regulations so that smaller banks don’t have to handle the same scrutiny and...
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16.5KFinTech Credit: Not So Clear And Present Danger?
A new report finds that it’s tough to regulate what one cannot define — and that’s true in FinTech credit, a nascent...
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3.8KThe PSD2-GDPR Balancing Act
September approaches, of course (as it always does) – but this time, with a red-letter day on the 13th as PSD2 takes...
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2.9KCFPB To Overhaul Payday Lending Rule
As part of a move to revise a payday loan regulation from the Obama era, the Trump administration on Wednesday (Feb. 6)...
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2.6KIndian Government Drafts New Rules For Chinese App Makers
The Indian government is going after social media apps run by Chinese companies, gearing up to create new regulations that will force...
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3.3KDeutsche Shrinks Correspondent Banking Post-Danske AML Scandal
In the wake of an investigation of over 200 billion euros ($229 billion) in suspected money laundering at Danske Bank’s Estonia branch,...
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2.2KNew India eCommerce Rules Spur Amazon To Remove Some Items
In India, the new eCommerce rules have taken shape, and are now official — with none of the delay that retailing giants...
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1.7KFlipkart, Amazon Scramble To Meet New India eCommerce Rules
Flipkart, the Walmart-owned Indian eCommerce player, and Amazon’s Indian unit are having a tough time meeting the deadlines under new eCommerce laws...
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2.3KReports Link UK Treasury To RBS’ Small Biz Restructuring Scandal
As the fallout from Royal Bank of Scotland’s small business mistreatment scandal continues, the effects are being felt beyond the institution and...
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3.2KStanChart Hit With $40M Fine For Transaction Rigging
The New York Department of Financial Services (DFS) announced it has fined Standard Chartered $40 million for attempting to rig transactions in foreign...
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2.6KFacebook Could Face Challenge To Integrating Messaging Apps In EU
Facebook could face challenges by the European Union if it integrates Instagram, WhatsApp and Messenger messaging functions, reported CNBC. The report, citing...
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2.4KGoogle GDPR Complaint Suggests Personal Data Misuse
A General Data Protection Regulation (GDPR) complaint shows that Google may have misused people’s personal data and categorized them in highly sensitive...
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2.5KCardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees
Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card...
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2.2KIndia’s Snapdeal On Board With New eCommerce Rules
Snapdeal, the Indian eCommerce company, is backing India’s new eCommerce rules that will hurt Amazon.com and Walmart, saying in a letter to...
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4.3KThe Dark Side Of India’s New eCommerce Rules
Barring any reprieve, Feb. 1 marks a sea change for India’s eCommerce sector. New rules may hobble giants like Amazon and Flipkart from...
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6.4KMerchants Gone Wild: The Surcharge Edition
Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind...
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5.1KPost-GDPR, Deliveroo Probed Over Data Security
The General Data Protection Regulation (GDPR), which went into effect May of 2018, has had some serious repercussions on tech companies all...
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3.7KOnline Lender Enova Settles With CFPB
Through a settlement with online lender Enova International, Inc., The Consumer Financial Protection Bureau (CFPB) announced on Friday (Jan. 25) that the company would,...
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2.4KJapan, Australia Back X-Border eCommerce Data Regulation
More than 70 nations are planning to restart World Trade Organization talks in an effort to create a standard set of rules...
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2.7KUS Gov’t Pressures India Over eCommerce Rules
The United States government is raising concerns about India’s eCommerce regulations that go into effect on Feb. 1, which will prevent companies...
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2.3KGlobal Leaders Want Global Oversight Of Big Tech
World leaders from countries including Japan, South Africa, China, and Germany said there should be global oversight of the technology industry, underscoring...
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2.2KAmazon, Google, Microsoft, Others Spent Millions Lobbying In 2018
Tech giants like Facebook, Apple, Google, Twitter and Microsoft spent $64 million last year in the hopes of helping to influence regulations...
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4.4KMastercard Fined $648M Over X-Border EU Interchange Fees
Mastercard was slapped with a $648.3 million fine by the European Union, which alleged that the payments company raised the costs of...
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5.9KNo Pain, No Gain? GDPR, PSD2 And The New Payments Reality
Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law...
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3.5KEU Antitrust Reg Margrethe Vestager Plans Big Tech Policy Report
Margrethe Vestager, the European Union’s top antitrust cop, is coming to the end of her term as antitrust enforcer, but not before...
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3.6KGoogle Hit With $57M GDPR Fine
Alphabet Inc.’s Google was hit with a $57 million fine Monday (Jan. 21) by a French regulator, in what the Wall Street...
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3.8KUS Regulators Eye ‘Record’ Facebook Fine
Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook, a punishment that could be...
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2.6KAustrian Lawyer Files Complaint Against Tech Firms Over GDPR
An Austrian lawyer has filed a complaint against eight tech giants, including Amazon, Apple, Netflix, Spotify and You Tube, for failing to...
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3.5KRep Waters Looks To Undo Mulvaney’s CFPB
The relationship between the House Financial Services Committee and the Consumer Financial Protection Bureau (CFPB) is about to change. Yesterday, we got...
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2.5KEstonian Parliament Rejects Portion Of Anti-Money Laundering Proposal
Estonia, a country embroiled in a money laundering scandal involving a small branch of Denmark’s Danske Bank, has rejected a critical part...
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1.9KGovernment Shutdown Threatens Trump’s Financial Deregulation
The government shutdown, which is now the longest in modern history, is hurting President Donald Trump’s deregulation plans in the financial services...
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1.6KRubio’s Privacy Bill Takes Aim At Facebook, Google, Amazon
Senator Marco Rubio (R-Fla.) has introduced new legislation that would create federal standards of privacy protection for companies like Facebook, Amazon, and...
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4.0KIndia’s New eCommerce Rules Could Cost $46B In Lost Sales
PwC, the global consulting firm, is warning that a move by India to place new foreign investment restrictions on eCommerce could result...
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3.3KAlexandria Ocasio-Cortez Joins House FinServ Committee
After two years of a lack of tough oversight, Wall Street firms should brace themselves for increased scrutiny as progressive U.S. Representative...
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3.0KRegulations Hinder Growth Of Digital Payments In Vietnam
Vietnam wants to be a cashless society, according to a report in Financial Times, but bank regulations are hindering the country’s ability...
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3.1KShutdown Impacting FinTech Firms, Financial Regulations
Count the FinTech sector — and regulation of that sector — among those impacted by the government shutdown that has roiled Washington...
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3.0KUS Rep Ocasio-Cortez Likely To Win Financial Services Committee Seat
In a move that could put a lawmaker against Wall Street and even some members of her own party, U.S. Rep. Alexandria...
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1.7KIndia’s Central Bank To Make Decision On Easing Lending Curbs
The Reserve Bank of India (RBI) is in the process of reviewing the December quarterly results of state-owned banks to determine if lending...
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3.8KPSD2: Ready Or Not? Not, Says Whitepages Pro
Eight months can seem like an eternity – all the time in the world to get things done, to plan, to implement,...
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4.8KCredit Card Surcharges OK’ed In New York
New York has banned the ban. In the wake of court filings this week that effectively ended a challenge to surcharges on...
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2.1KCA Lawmaker Wants Receipts To Go Digital
A California lawmaker wants to make paper receipts a thing of the past. According to Chain Store Age, Assemblymember Phil Ting (D-San Francisco)...
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3.7KNY Creates Cryptocurrency Task Force
A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to...
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3.0KBCFP, USAA Settle After Payment Violations
The Consumer Financial Protection Bureau (CFPB) announced on Thursday (Jan. 3) that it had reached a settlement with USAA Federal Savings Bank...
