European Banks Want More Regulation Of Large Tech Companies

Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the...

Gruenberg Declines To Answer On His Future In FDIC

As his successor is expected to be confirmed soon, Federal Deposit Insurance Corp. Chairman Martin Gruenberg faced questions about having a future...

Regulators Eyeing Social Media In Europe

Against the backdrop of social media controversy — remember Facebook, of course, and 87 million users’ data exposed to Cambridge Analytica —...

UK To Put Stricter Policies In Place To Make Social Media Safer

The U.K. is introducing new laws to make social media safer. According to Reuters, British lawmakers want to tackle “the Wild West...

FTC Appoints New Consumer Protection Chief

The Federal Trade Commission’s new director of consumer protection has represented Facebook, Uber, and Equifax, among other companies, all of which have...

Worldpay SVP: Why States Won’t Play Around With Sports Betting Regs

Today, illegal gambling represents a $150 billion business. Soon, however, the payments industry will be able to tap into that market legally,...

German Spy Agency Says Regulation Of Social Media Firms May Be Necessary

The intelligence agency in Germany implied on Monday (May 14) that more regulation may be applied to social media companies if the...

Supreme Court Reverses State Ban On Sports Betting

The Supreme Court of the United States (SCOTUS) has struck down a 1992 law passed by Congress that made it illegal for...

May’s Days See CDD And GDPR Take Effect

May 11 marked a watershed moment of sorts when, this past Friday, the final customer due diligence rule via the Financial Crimes...

Concerns Raised Over FTC Director Nominee

U.S. consumer watchdogs have expressed concern over the possible appointment of Andrew Smith as the next director of the Federal Trade Commission’s...

Former Head Of Vatican Bank Head Embezzlement Trial Underway

The former head of the Vatican bank is answering tough charges of money laundering and embezzlement, according to news from Reuters. Angelo...

Regulators Aren’t Ready To Enforce GDPR Law

With Europe’s General Data Protection Regulation (GDPR) law coming into effect in May, regulators who are tasked with enforcing the law have...

Beyond Bitcoin, Token Regulation Looms, While Dodd-Frank Still in Bloom?

Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. Recent inquiries from regulators in...

EU May Create Algorithms To Find Anti-Competitive Pricing

To find companies that may be using software to fix prices, EU regulators may create their own algorithms. European Competition Commissioner Margrethe...

Dodd-Frank Co-Author Believes The Bill Will Survive

Despite Republican plans to scale back on Dodd-Frank, its co-author is optimistic the legislation will survive. “It’s much better than where I...

FTC Finds New Chairman In Joseph Simons

So now it’s official. In the latest staffing moves at the Federal Trade Commission (FTC), on the heels of a raft of...

Trulioo GM: FinCen, Technology And ID’ing Beneficial Owners

Customer due diligence rules are changing via FinCEN, with a focus on identifying and monitoring beneficial owners. Trulioo GM Zac Cohen notes...

ICOs On US Lawmakers’ Radar, As Ban Mulled

Initial coin offerings, or ICOs, have been on the receiving end of much criticism and a growing amount of regulatory scrutiny. Now...

Senator Warren Wants More Answers From CFPB’s Mulvaney

Sen. Elizabeth Warren, putting more pressure on acting Consumer Financial Protection Bureau (CFPB) director, sent a letter asking Mick Mulvaney if he...

GDPR & PSD2: A Silver Lining For Fraudsters?

The deadlines for compliance with new European data regulations are right around the corner, and the impact of these changes won’t be...

New York AG Wants More Info From Crypto Traders

New York Attorney General Eric Schneiderman has announced the launch of the Virtual Markets Integrity Initiative, a fact-finding inquiry into the policies...

PayPal Isn’t Worried About Increased Regulation Coming To Techland

The prospect of increased regulation may be worrying the likes of Facebook, Google and Twitter – but for PayPal, it would be...

OCC Gearing Up To Publish Position On FinTech Charter

The Office of the Comptroller of the Currency (OCC) is getting ready to release its position on a proposed charter for online...

Feds Freeze $27M In Proceeds From Longfin Stock

In an effort to prevent allegedly illegal trading profits from leaving the U.S., the Securities and Exchange Commission (SEC) has obtained a...

Treasury Department Asks For Relaxed Penalties For Community Reinvestment Act

The Treasury Department has recommended that U.S. regulators ease up on penalties for banks that fail to adhere to the Community Reinvestment...

SEC Charges Founder Of Mozido With Defrauding Investors

The Securities and Exchange Commission (SEC) announced news on Monday (April 2) that it charged Michael Liberty, the founder of Mozido, the FinTech...

The Prospect Of More Tech Regulation Sinks Global Stocks

With concerns that technology companies can face more regulation, tech stocks were declining all over the globe — with the tech-heavy Nasdaq...

Regulatory Tracker: Blockchain At The State Level, FinTech Sandboxes Go Global — Maybe

Blockchain at the State Level In legislative news, a bipartisan bill is making its way through Congress that urges government agencies to...

Canada’s FCAC Takes Stronger Stance On Bank Regulation Enforcement

Banks beware: The Financial Consumer Agency of Canada (FCAC) is planning to get tougher on the way it monitors financial institutions. The...

Building A More Ethical Workplace Culture

It’s hard to blame anyone for feeling less inspired by workplace ethics these days. The run of recent headlines could convince even...

The Curious Case For Breaking Up Tech Giants

There’s no question that the world’s weather patterns are undergoing a massive change. In the last few months alone, we’ve seen snow...

Twitter Considers Ad Ban On Cryptos

Twitter looks to be following in Facebook and Google’s footsteps as it prepares to prohibit cryptocurrency ads on its site. According to...

Chair Says FSB Will Focus On Existing Rules Instead Of Creating New Ones

As the Financial Stability Board’s (FSB) chair gets ready to step down, he revealed that moving forward, the financial watchdog will focus...

Rollback Of Dodd-Frank Act Passes In Senate

On Wednesday (March 14), the Senate passed legislation that would loosen the regulations placed on financial companies after the Great Recession, with...

Warren Proposes To Create Bank Criminal Activity Investigation Unit

Senator Elizabeth Warren wants to create a law enforcement unit to keep big banks in check. According to American Banker, Warren introduced...

Wells Fargo To Face New Sanctions Over Auto Insurance Scandal

Wells Fargo is expected to be slapped with sanctions over auto insurance policy commissions after making thousands of people take on auto...

Credit Scoring Debate Climbs (Capitol) Hill

It’s no secret that legislation on Capitol Hill often gets mired in controversy and debate. And that’s especially true with a series of...

Senator Warren Warns Regulatory Relief Bill Will Cause Fresh Round of Bailouts

Senator Elizabeth Warren said over the weekend that a bill that would provide relief from the regulation placed on the banking industry...

World Wide Web Inventor Calls For Regulation Of Tech Companies

The inventor of the World Wide Web, Sir Tim Berners-Lee, called for increased regulation of technology companies in an open letter in...

For SEC, Subpoenas No Mere ‘Token Interest’ In ICOs

Ripple CEO Wants Peace Between Regulators And Cryptos

Ripple’s CEO would like regulators and the cryptocurrency industry to learn how to get along. “It’s incredibly important that the entire industry...

Senator Durbin Wants Wells Fargo To Stop Expanding Program With Colleges

Wells Fargo is facing calls from lawmakers to press pause on creating more partnerships with colleges. According to news from The Wall Street Journal,...

U.S. Bancorp Hoping For Regulation Lift By End Of Year

U.S. Bancorp is hopeful that an order issued aimed at getting the bank to strengthen its anti-money laundering efforts will be lifted...

ICOs, SEC And Wait And See?

The SEC fired a regulatory shot across ICOs’ bows this week, sending out information requests and subpoenas to a slew of firms....

SEC Taking An Official Long, Hard Look At Crypto

The SEC has started issuing subpoenas by the dozen and scores of information requests as it undertakes a full survey of the...

EU Threatens To Tax Big Tech, Big Time

The European Commission is looking to tax digital firms’ revenues, eyeing where their users are based – not where the firms themselves...

Fed Chairman Wants Regulation Efficiency, Not Relaxation

Federal Reserve Vice Chairman for Supervision Randal Quarles says that any worries that the agency is looking to relax rules or even...

 Dodd-Frank Looms For Capitol Hill Consideration

Dodd-Frank no more – or no more “no more” Dodd-Frank? Talk of regulatory reform is normal discourse on the Hill. Sometimes change...

Banks Like The Trump Regulatory Regime

When Donald Trump ascended to the presidency, he promised to radically scale back the reach and power of Dodd-Frank, the 2010 law designed...

Cryptos And Sandboxes And Streamlined Money Licensing (Oh My!)

Streamlined money transfer applications dominated regulatory news this past week as seven states took the initiative to make it easier for traditional...