Sections
Regulation
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525What SCA Means For Europe And Beyond
With the Strong Customer Authentication (SCA) deadline looming in September, the mandate by the European Banking Authority requiring “strong customer authentication” for...
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520Senate Panel Eyes Algorithms, Social Media and ‘Persuasive Technology’
Algorithms and artificial intelligence — artfully applied, but for less-than-ideal purposes? To that end, on Tuesday a U.S. Senate panel examined the...
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502Illinois Passes Marijuana Legalization Bill
The governor of Illinois signed a marijuana legalization bill on Tuesday (June 25), making it the 11th state to legalize pot. In...
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1.3KG20 Finance Board: Libra Will Need To Be Watched Closely
Randal Quarles, chair of the Financial Stability Board (FSB), said there won’t be a specific item on the agenda about Facebook’s Libra...
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736How Banks Can Compete With FinTechs Under PSD2
With Open Banking expanding across the EU, legacy FIs are increasingly at risk of losing customers to FinTech firms that now have...
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3.5KHearings Scheduled For BB&T, SunTrust Merger
The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned...
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702CA Governor: Regulators Could ‘Steamroll’ Big Tech
In a published interview, California Governor Gavin Newsom said big tech companies in his state could soon be “steamrolled” through federal regulations....
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4.4KIn The PSD2 Age, Banks Must Think Like FinTech Firms
With the Strong Customer Authentication (SCA) compliance deadline less than four months away, banks are still underprepared. While banks continue to open...
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2.0KEuropean Banking Authority Offers Relief On SCA, PSD2 Rules
The European Banking Authority (EBA) published an opinion on strong customer authentication (SCA) under the revised Payment Services Directive (PSD2), acknowledging that...
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2.2KBIS Report Highlights Regulator ‘Unease’ Over Libra
As tech firms such as Facebook move into the world of finance, the Bank for International Settlements (BIS) said on Sunday (June...
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931Facebook To Get Senate Panel Scrutiny Over Libra Project
Libra, the global cryptocurrency effort tied to Facebook, will be the focus of a Senate panel hearing next month, Reuters reported. The...
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1.0KTech Cos Fire Back At Senate Bill To Remove Online Immunity
Republican Sen. Josh Hawley of Missouri proposed a bill that would eliminate the immunity that large tech companies have from user content deemed...
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962Facebook’s Sandberg Says Regulate, Don’t Break Up Big Tech
In an appearance at the Cannes Lions International Festival of Creativity, Facebook Chief Operating Officer Sheryl Sandberg said the social media platform...
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1.5KLawmakers Call For Stricter Guidelines On NSA Data Collection
Two lawmakers want to pass an amendment that aims to stop a massive data collection program run by the National Security Agency...
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847India Wants WhatsApp To Make Messages Traceable
India is asking messaging service WhatsApp to put a digital fingerprint on every message sent by the service, but without breaking the...
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727Cannabis Drinks To Be On Tap In Canada This December
A cannabis joint venture plans to start selling different types of marijuana-infused beverages in Canada this year. The maker of Coors Light...
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2.4KRegulators Call For Better Bank Cybersecurity Oversight
U.S. regulators are saying cyberattacks pose the greatest risk to U.S. banks in upcoming years, but the regulation and testing processes are...
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954CFPB Spotlights Director’s Six-Month Mark
This past week saw the Consumer Financial Protection Bureau (CFPB) offer up highlights of Kathleen Kraninger’s six-month tenure as director. In recounting...
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985Former FTC Chairman Seeks Balance In Big Tech Debate
In the debate between breaking up Big Tech and homing in more on privacy regulation, some observers propose seeking a balance. Former...
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1.1KFlorida Is Latest State To Pass Autonomous Car Law
Florida governor Ron DeSantis has signed a bill that allows autonomous cars to operate on the roads without requiring a human being...
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888Google CEO Pushes Back Against Regulation Talk
Google CEO Sundar Pichai pushed back against talk of regulating tech companies, saying that the move could have unintended consequences, according to...
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1.9KWith New AML Laws, Latvia Looks To Remove Main Regulator
Latvia’s parliament has passed new regulation to bolster the fight against money laundering and terrorism financing. After a series of recent scandals,...
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1.5KDual-Agency Big Tech Antitrust Investigations Questioned
A Republican senator isn’t happy with plans by the Department of Justice (DOJ) and the Federal Trade Commission (FTC) to divide a...
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1.1KFundamentals Trump Regulation For Facebook Shares?
The specter of increased regulation looms for the largest of tech companies. Breakups may be in the offing, as might new mandates governing...
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1.6KBig Tech Antitrust Hearings Begin With Scrutiny Of Media Industry
And so the long look at Big Tech begins. Lawmakers held the first of several hearings into the marketplace power of online...
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1.5KCommittee Hearing To Examine Big Tech’s Media Market Power
Get ready for the opening act of what may be long-running show – focused on antitrust and on Big Tech. The House...
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1.9KSenators Urge CFPB To Reconsider Debt Collection Overhaul
A group of senators is urging the Consumer Financial Protection Bureau to reconsider a recently proposed overhaul of debt collection practices that...
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3.3KThe Only Thing Missing From The Big Tech Breakup Debate: A Debate
Bashing Big Tech has become something of a sport. Regulators are circling the wagons. Policymakers are preparing to haul Big Tech execs...
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2.3KHuawei Blacklist Could Impact 5G Standards
The 5G standards body has warned that a ban on Huawei could have “a dramatic impact” on future standardization, while analysts believe...
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2.3KUS AGs Prepare Probes Into Big Tech
The Wall Street Journal is reporting that state attorneys general are preparing to launch their own investigations into big tech companies like...
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1.8KCFPB Pushes Pause On Payday Rule
The Bureau of Consumer Financial Protection (CFPB) has delayed the Aug. 19, 2019 compliance date for the mandatory underwriting provisions for its...
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1.4KFSB Says Higher Bank Capital Requirements Will Remain
Europe’s Financial Stability Board (FSB) said on Friday (June 7) that higher bank capital requirements, which were put on the books during...
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1.4KUK Tightens Rules On P2P Lenders
Crowdfunding platforms, or peer-to-peer (P2P) lenders, are going to face tougher regulations in the U.K. through the Financial Conduct Authority (FCA), according...
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1.4KWhy Big Tech’s Regulatory Reshaping Is Not So Cut And Dried
Might it be the end of an era – where the drum beats are growing louder and the song will remain anything...
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1.8KDOJ, FTC Agree Over Jurisdiction Of Facebook, Google Oversight
The Department of Justice (DOJ) and the Federal Trade Commission (FTC) have come to an agreement over the jurisdiction of potential antitrust...
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1.6KTech Giants’ Stocks Sink Amid Regulatory Probes
Shares in some tech giant companies fell on Monday (June 3) after news of potential oversight and antitrust investigations into the companies,...
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1.4KFSB Eyes Crypto Regulation
Cryptocurrency prices have been nothing if not volatile over the span of years. Bitcoin is only the marquee name, but shows enthusiasm for...
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2.4KMarijuana Apps Banned From Google Play
Google has announced new rules for its Play store; one of the main ones is the banning of apps that help people...
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2.3KSpain’s Central Bank Calls For Deposit Insurance Scheme
The Bank of Spain wants eurozone countries to complete their banking alliance by creating a deposit insurance scheme and a stabilization fund....
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1.8KA Year Into GDPR, Fines Total €56M
A year after the debut of Europe’s General Data Protection Regulation (GDPR), a total of €56 million ($62 million) in fines have been...
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3.3KOCC Seeks Public Comment On Innovation Pilot Program
The headlines in recent weeks tied to the Office of the Comptroller of the Currency (OCC) have centered on legal disputes over...
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1.8KGermany’s Watchdog Tells N26 To Boost AML Measures
Germany’s financial markets watchdog BaFin has ordered FinTech N26 to boost its anti-money laundering (AML) controls. The news comes after reports in...
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1.2KEU Antitrust Chief Sees No Competition Issues With Google Shopping
European Competition Commissioner Margrethe Vestager said measures put in place for Google to boost competition in online shopping results appear to be...
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1.5KSEC Only Collects Half Of Fraud-Related Fines
New data shows that the U.S. Securities and Exchange Commission (SEC) has only collected 55 percent of the $20 billion in fraud-related...
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1.3KForced ‘Tech Transfers’ Gain Ground In China
According to the European Union Chamber of Commerce in China, incidences of European companies being “forced” to transfer technology in China are...
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1.9KUK Pol Tom Watson Asks For Investigation Into Amazon’s Stake In Deliveroo
Tom Watson, an MP and deputy leader of the Labour Party, has said he’s asking the U.K.’s Competition and Markets Authority (CMA)...
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1.7KEU’s Vestager: Breaking Up Facebook Is ‘Very Last Resort’
EU Competition Commissioner Margrethe Vestager said breaking up social media giant Facebook would be a last resort, according to a report by...
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3.2KHow OnBuy Is Tackling SCA Compliance
Most consumers have come to expect a one-stop, one-click shopping experience, and merchants want to deliver. eCommerce innovations have been focused on...
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2.6KEuropean Central Bank Says EU Banks Shun Cross-Border Activity
Eurozone banks are at risk of fragmentation and are turning away from cross-border activity, Reuters reported. European Central Bank Vice President Luis...
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2.2KBernie Sanders Wants To Break Up Facebook
Sen. Bernie Sanders, a 2020 presidential candidate, has voiced his support in breaking up Facebook, according to reports, something fellow candidate Sen....
