The European Commission launched three consultations on May 10, two related to the review of the second payment service directive (PSD2) and one about open finance. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Today in TechREG, the Consumer Financial Protection Bureau (CFPB) announced the creation of a new office in the agency to promote competition and innovation. When CFPB Director Rohit Chopra testified on Capitol Hill in April that he wanted to promote open banking principles and to...
The finance ministers and central bank governors from the G-7 met in Germany last week to discuss global economic issues, including cryptocurrencies and central bank digital currencies (CBDCs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
This week, policymakers and regulators in Europe have continued issuing warnings about cryptocurrencies as “highly speculative assets” and renewed calls for “consistent and comprehensive” crypto regulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
This week, lawmakers and regulators announced that they are working on new rules and legislation in the crypto space. Federal agencies are also poised to step up their enforcement actions to protect consumers and investors. The Securities and Exchange Commission (SEC) and the Commodity Futures...
Financial leaders from the Group of Seven (G-7) have called for the Financial Stability Board to develop “consistent and comprehensive” cryptocurrency regulation, Reuters reported Thursday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The U.K. Financial Conduct Authority (FCA) announced on Thursday (May 19) that it will use new powers to more swiftly cancel or change what regulated activities firms are permitted to do. The regulator will be able to cancel any permission given to a regulated entity,...
Today in technology regulation, the Commodity Futures Trading Commission (CFTC) eyes cryptocurrency enforcement, while the United Kingdom’s financial regulator plans to use new powers to strip permissions from regulated companies that are not using them in an attempt to reduce fraud and scams. Plus, the...
The European Commission has launched a public consultation to gather information for its review of the second EU Payment Services Directive (PSD2). The same day, the EU regulator also published two targeted consultations, one on technical matters related to PSD2 and another on open finance. ...
