Sections
Regulation
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1.7KUK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle
The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of...
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1.4KUN Rule Mandates Connected Cars Be Secured Against Cyberattacks
A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other...
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1.3KUK Moves To Split Audit And Consulting Profits At Big Four
The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024,...
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1.2KMerchants Solving For Data Compliance
Driven by COVID-19 fears and stampeding online, consumers overwhelmed many businesses in 2020 that were unprepared for drastic, sudden eCommerce volume. That...
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5.6KOCC: Banks Face Higher Compliance Risks Due To Pandemic
The pandemic has heightened risks for pretty much everyone, including U.S. banks. The Office of the Comptroller of the Currency (OCC) said...
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1.5KEU Says GDPR A Success; Consumers Still Skeptical Of Open Banking Security
Two years in, there’s no easy lifting for companies looking to comply with the General Data Protection Regulation (GDPR), which governs how...
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2.0KGerman Finance Minister Calls For Regulatory Reform Amid Wirecard Scandal
Hours after Wirecard AG’s former CEO was arrested, German Finance Minister Olaf Scholz said lawmakers must tighten regulations because the payment services...
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2.1KAnt Financial Changes Name Amid Regulatory Scrutiny
What’s in a name? Apparently, a lot – if you are dealing with Chinese regulators. Ant Financial Services Group has won a...
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1.6KEU Trade Group Wants Update On SCA Status
Vendorcom wants answers. The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority, the European Union (EU)...
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7.1KThe Flaw In Demonizing Big Tech
Between all the burger-flipping, and making sure your mask didn’t catch fire while you were doing it, you probably missed an important...
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3.8KEU Looks For Feedback In Regulating Tech Giants
European Union (EU) regulators want feedback from users and digital service providers before they craft new rules that could manage giant tech...
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15.5KWarren Calls For Prosecution Of Bailout Program Fraudsters
U.S. Sen. Elizabeth Warren (D-Mass.) wants the Federal Reserve Bank to draw up stringent regulations for corporate recipients of U.S. bailout funds...
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3.3KMerchants Deal With Data Regs As COVID-19 Clears
Open banking was ready for its close-up when COVID-19 placed many such advanced initiatives on hold, in lieu of more practical and...
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3.8KDeep Dive: Asia-Pacific Countries Gear Up For Open Banking Despite COVID-19-Related Hurdles
The COVID-19 pandemic may have stalled open banking developments, but 2020 is still shaping up to be a crucial year for such...
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7.9KFacebook Could Lose Accreditation Of Media Rating Council
Facebook Inc. advertisers probably won’t “like” its subpar rating from a media industry watchdog. The Media Rating Council (MRC) review found that...
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5.7KWhy APIs, Privacy Are Key To Open Banking Innovation
Asia-Pacific bank regulators have been crafting their own open-banking initiatives even since Europe rolled out similar rules in 2018. Their goal —...
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4.4KWhat Asia-Pacific Can Learn From EU’s Open Banking Initiatives
The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights...
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3.5KFCC Issues Show Cause Orders For Three Chinese Telecoms
With a move that could stop their American operations, the U.S. Federal Communications Commission (FCC) produced show cause orders for three Chinese...
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4.1KProgressive Leasing To Pay $175M FTC Fine Over Rent-To-Own Pricing
Progressive Leasing will pay $175 million to settle charges with the Federal Trade Commission (FTC) that its policies were misleading to customers,...
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3.6KFed Temporarily Eases Wells Fargo’s Growth Limits To Assist SMBs
Wells Fargo is getting a break thanks to the COVID-19 pandemic. The Federal Reserve Board said on Wednesday (April 8) that they...
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3.7KCOVID Or No, Data Demands Compliance
Consumer data privacy laws were making compliance difficult before a pandemic brought the world to a halt. But COVID-19 also triggered emergency...
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5.7KDeep Dive: How US Data Regulation Fragmentation Is Affecting Merchants, Consumers
Devising open banking laws that adequately respond to shifting privacy needs and satisfy both businesses and consumers is difficult. U.S. legislators in...
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3.4KRILA On How United States Retailers Are Responding To Changing Privacy Rules
Merchants often find themselves caught in the middle as states from New York to California pass data security laws. In our latest...
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26.6KUS Retailers Confront Data Privacy Shifts
While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus, many countries...
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2.5KLawmakers Grill Wells CEO On Account Scandals
Just a bit more than four months into his tenure at the helm of Wells Fargo, new CEO Charlie Scharf faced pointed...
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2.3KNJ Joins States’ Push For Data Privacy Regulations
The march toward state-by-state regulation of Big Tech continues. To that end, lawmakers in New Jersey last week proposed legislation that would...
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3.4KCFPB Director Wants To Pay Whistleblowers
Kathy Kraninger, the director of the U.S. Consumer Financial Protection Bureau (CFPB), has asked Congress for the ability to pay whistleblowers in...
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4.8KNJ Legislators Propose Tighter Data Privacy Regulations
Lawmakers in New Jersey are proposing a bill to solidify data privacy guidelines and inflict tougher limits on the tech industry, The...
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2.0KNavigating China’s New Regulatory Terrain
What happened to the good old days of, like, two years ago? Back then, FinTechs asked for forgiveness instead of permission, rushing...
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2.7KDeep Dive: Taking A Closer Look At The Chinese Regulatory Space
Chinese banking and business practices’ potential impacts are favored topics for bankers and merchants: Changes in this market often have ripple effects...
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2.6KEU Eyes Single European Data Market
In Europe, the continued evolution of data policies and regulation now point toward a single market across the Continent. As reported mid...
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3.8KInside China’s Cyber, Financial Regulatory Changes And Challenges
After four years of evolving Chinese online data and security regulations, foreign merchants doing business in China can find it challenging to...
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4.8KChina’s Regulatory Realities And Their Global Open Banking Implications
The continual spread of Open Banking means that regulators and merchants in various markets are becoming more aware of the critical importance...
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1.9KIn the UK, (More) Web Content Regulation Looms
In the U.K., increased regulation over content delivered online through platforms may be on the horizon. This past week, Britain’s federal government...
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3.0KFinCEN Tweaks Rule On Reporting Financial Transactions
The Department of the Treasury Financial Crimes Enforcement Network (FinCEN) has issued a new ruling on the reporting of currency transactions for...
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3.1KZuckerberg To Meet With EU Regulators Prior To Big Tech Proposals
Facebook CEO Mark Zuckerberg has scheduled meetings with European Union (EU) regulators ahead of an official proposal presentation to create a new...
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3.4KJudge Throws Out Bid By Uber, Postmates To Halt Gig Worker Law
A judge has rejected the request from Uber and Postmates to put a stop to a new California law that would place...
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6.0KNew EU Card Rules Could Confuse Customers
The European Union has issued new rules for contactless payments, which has caused confusion and forced one digital bank to issue new...
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3.4KWill The Federal Government Clear EVs’ Ignition Roadblocks?
While the electric car has long been touted as the future of transportation, it bears remembering that while electric vehicles (EVs) have...
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3.9KSEC Proposal Would Allow Token Sales Under Current Securities Laws
Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise...
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3.8KAfterpay Pushes Back Against Australia’s Fee Regulation
Buy now, pay later (BNPL) company Afterpay has pushed back against the Reserve Bank of Australia’s potential regulation of its fees. Afterpay...
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2.4KEU Investigates Tinder’s Use Of User Data
Tinder, the popular dating service, is under investigation by the Ireland Data Protection Commission (DPC) over how it uses data from customers,...
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3.8KDeep Dive: Why Innovation’s Lack Of Ubiquity Is Stalling Open Banking
Open Banking’s European success has kicked off interest in similar regulations worldwide, most notably in China, India and Singapore, where digital banking’s...
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3.9KFAA To Propose Safety Standards For Delivery Drones
The Federal Aviation Administration (FAA) is planning to enact new standards for unmanned drones, which could be the first step toward the...
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2.5KUK Watchdog Seeks Tighter Grip On US Big Tech
The U.K.’s Competition and Markets Authority (CMA) is pushing for more leeway to go after U.S. Big Tech firms in the wake...
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5.0KEU Regulators Want Single Data Market In Europe
In Europe, another regulatory salvo may be aimed at U.S. tech firms’ dominance across online platforms, and the collection and use of...
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7.1KAPIs May Be The Key To Singapore’s Open Banking Future
Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore,...
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5.9KMonetary Authority Of Singapore: What It Will Take To Win Digital Banking Licenses
Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data...
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3.0KUK Watchdog Accuses StubHub Of Misleading Customers
Ticket reselling company StubHub is being investigated by the U.K.’s Competition and Markets Authority (CMA), which said the site was misleading consumers,...
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5.7KAML/KYC Compliance Just Got Harder
The European Union’s Fifth Anti-Money Laundering Directive (5AMLD) went into force on Jan. 10, with new regulations for cryptocurrencies, wallets and exchanges....
