Earlier this week, Senators Lummis and Gillibrand introduced new legislation to regulate the crypto space, and most of the headlines focused on the “win” for the Commodity Futures Trading Commission (CFTC) over the Securities and Exchange Commission (SEC). If the bill is approved in its...
Today in TechREG, the Consumer Financial Protection Bureau (CFPB) removed Upstart from its list of approved “no-action letters” (NALs). The NALs provided regulatory immunity, but it was the company, not the agency, that requested the removal. Get the Full Story Complete the form to unlock...
The U.K. Treasury released a policy paper on Wednesday (June 8) proposing a new regulatory framework that would provide the Bank of England (BoE) and the Financial Conduct Authority (FCA) with new powers to oversee tech firms that provide critical services to the financial industry....
Today in TechREG, the United Kingdom has announced that it is planning to introduce legislation to give more powers to financial regulators to oversee nonfinancial firms that provide critical services to the industry. While the government didn’t mention any particular company, cloud providers like Amazon...
Today in TechREG, U.S. Senators Cynthia Lummis and Kirsten Gillbrand have introduced their long-awaited crypto bill that outlines the legal framework for crypto assets and establishes new powers to regulators. Bitcoin and other cryptocurrencies are at the center of the debate in a hearing held...
Today, a court in Australia found Google liable for defamatory videos posted on its YouTube platforms targeting a senior politician. The court ordered Google to pay around $500,000, but the ruling adds pressure on Big Tech to apply content moderation rules to their platforms. FinCEN...
The Financial Crimes Enforcement Network (FinCEN) on Friday (June 3) issued an Advance Notice of Proposed Rulemaking (ANPRM) relating to the implementation of a no-action letter process at FinCEN. A no-action letter is used as a form of enforcement tool where an agency states by...
Several House and Senate leaders from both parties will be moving forward with online privacy legislation, The Wall Street Journal (WSJ) wrote Friday (June 3), which would put limits on how consumer data can be collected by companies. Get the Full Story Complete the form...
This week in TechREG, regulators in Europe and the United Kingdom continue exploring new rules in the cryptocurrency space. 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...
