Three people were ordered from further participation “in any manner” having to do with financial institutions following January enforcement actions by the Federal Deposit Insurance Corporation (FDIC), the agency announced on Friday (Feb. 25). Get the Full Story Complete the form to unlock this article...
Founders of cryptocurrency exchange BitMEX have pleaded guilty to violating bank secrecy regulations by failing to establish an anti-money laundering (AML) program, the U.S. Attorney’s Office in Manhattan announced Thursday (Feb 24). Get the Full Story Complete the form to unlock this article and enjoy...
The week started with the prospect of an executive order by President Joe Biden to regulate cryptocurrencies that could trigger new regulation from different federal agencies and lawmakers. Yet, the turn of events with the military conflict in Ukraine will likely delay this executive order....
Big Tech companies, and in particular social media platforms, face a new situation where content moderation and removal of misinformation will be of utmost importance. The military conflict in Ukraine is yet another situation where digital platforms may have to play an important role. Get...
A federal administrative law judge, in a decision announced Thursday (Feb. 24), dismissed a Federal Trade Commission lawsuit that had accused tobacco giant Altria Group and electronic cigarette-maker JUUL Labs of violating antitrust laws. Get the Full Story Complete the form to unlock this article...
A bipartisan group of 30 lawmakers sent a letter to President Joe Biden urging him to talk to EU leaders and persuade them to change the proposed Digital Markets Act (DMA), as in their view, it “unfairly” targets U.S. tech companies. Get the Full Story...
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 —...
