The Financial Industry Regulatory Authority has said it’ll only take actions against chief compliance officers who don’t carry out specific supervisory responsibilities designated by the firm — not in matters where they’re just playing an advisory role, The Wall Street Journal reported Thursday (March 17)....
In today’s FinTech news, Tencent could be faced with spinning WeChat Pay into its payments subsidiary, while crypto exchange Binance looks to acquire a bank in Brazil in order to enter the market in the country. Plus, German FinTech Monite offers a one-stop-shop for automating...
This week, important legislative initiatives made their way through European Union, U.K. and U.S. legislative bodies. Digital platforms in the U.K., and in particular social media companies, will have to step up their efforts to remove content in their platforms that is lawful but harmful...
Regulators in China could force Tencent to spin WeChat Pay into its newly-created payments subsidiary, which could cause the need for the mobile payments service to obtain a new license, Bloomberg reported on Friday (March 18), citing sources with insider information. Get the Full Story...
The U.K. government will unveil on Thursday its long-awaited Online Safety Bill, which seeks to curb online harms by significantly increasing the responsibilities of Big Tech firms to monitor content posted on their platforms. Get the Full Story Complete the form to unlock this article...
The Federal Trade Commission (FTC) on Friday (March 11) charged Denver-based HomeAdvisor, Inc., with “a wide range of deceptive and misleading tactics” by selling home improvement project leads to service providers, including small business owners, since at least the middle of 2014. Get the Full...
The Central Bank of Brazil unveiled stricter regulations for FinTech firms Friday (March 11), imposing regulations based on the size and complexity of these companies and creating tougher standards for required capital. Get the Full Story Complete the form to unlock this article and enjoy...
Since 2016, the European Commission has been designing a data strategy that aims to facilitate companies’ access to vast amounts of data they couldn’t access on their own, Nicolo Zingales, Professor of Information Law and Regulation, told PYMNTS about how the EU — with the...
The Department of Justice (DOJ) announced on Thursday (March 10) that its Antitrust Division and the Federal Trade Commission (FTC) will cohost a conference on April 4. Assistant Attorney General Jonathan Kanter and FTC Chair Lina M. Khan, as well as senior staff from both...
