Robinhood Financial LLC was hit with a record $57 million fine and also ordered to pay $12.6 million in restitution plus interest, according to a Wednesday (June 30) press release from the Financial Industry Regulatory Authority (FINRA). Get the Full Story Complete the form to unlock this...
In a new report, the European Banking Authority (EBA) outlined proposals to encourage the adoption and use of RegTech in the EU — which, its providers argue, boosts efficiency and effectiveness and lessens the impact of regulatory changes. Get the Full Story Complete the form...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Regulators, who almost by definition are centralized, are beginning to wrestle with the rise in decentralized finance, Financial Times reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The regulatory gaze on payday lending is tightening. To that end, as reported by the Associated Press, Congress has voted to overturn Trump-era regulations that let payday lenders sidestep state laws that cap interest rates. Get the Full Story Complete the form to unlock this...
Canadian legislation drafted by Justin Trudeau’s government is taking aim at Big Tech and is looking to subject social and streaming platforms to the same rules as legacy broadcasters, Bloomberg reported on Tuesday (June 22). Get the Full Story Complete the form to unlock this...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
The U.S. Commerce Department on Monday (June 21) formally withdrew, retroactive to June 16, Trump-era restrictions preventing certain transactions involving Chinese-owned smartphone apps WeChat and TikTok. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Margrethe Vestager, the EU’s head of digital and competition policy, doesn’t think the EU’s new policies are too targeted towards Americans, Financial Times (FT) writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
