European Commission Vice President Margrethe Vestager, in a speech at the University of California Berkeley’s Law School on Tuesday (Feb. 22), reiterated the importance of the European Union legislation to regulate digital platforms and how other countries are sharing the same views and adopting similar regulations....
The Consumer Financial Protection Bureau (CFPB) has proposed new outlines to make sure that the computer models used to help find home valuations are accurate and fair. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Nigeria said JPMorgan was “grossly negligent” in transferring funds to the country’s disgraced former oil minister, and is suing the firm for $1.7 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
London banking giant HSBC is being investigated by the U.S. Commodity Futures Trading Commission (CFTC) for bankers’ alleged use of “non-HSBC approved messaging platforms for business communications,” according to its annual report published alongside earnings on Tuesday (Feb. 22). Get the Full Story Complete the...
Nearly six dozen CEOs are calling for increased regulation of the FinTech sector in the United Kingdom, Altfi reported. 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...
After leaving the European Union effectively in 2021, the U.K. was no longer bound by EU rules, except in a few cases where the U.K. retained some EU rules for some time. Yet, the U.K. government is determined to use its renewed powers to rule...
The Biden administration is preparing sanctions against Russia that would come with banning U.S. financial institutions from processing transactions from Russia’s biggest banks if Russia invades Ukraine, Reuters reported Monday (Feb. 21). Get the Full Story Complete the form to unlock this article and enjoy...
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As the five tech superpowers have grown to dominate the world, regulators have sharpened their focus on how to tame them and keep the sectors competitive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
