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. ...
For the last few months, Gary Gensler, chair of the Securities and Exchange Commission (SEC), has been calling for more regulation and promised to step up enforcement actions to protect investors. Yesterday, he asked Congress to help him fund these efforts. Gensler also explained the...
Crypto asset regulation will be a topic of talk among the Group of Seven, according to French central bank head Francois Villeroy de Galhau, Reuters reported Tuesday (May 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
German financial watchdog BaFin has ordered Deutsche Bank to clarify how its staff uses private messages on WhatsApp for business purposes, part of a worldwide effort to curb the practice of mixing business with personal lives. Get the Full Story Complete the form to unlock...
A committee of the European Parliament will vote in June on the proposed Consumer Credit Directive (CCD) with a view to getting final approval in plenary session before the summer break. Lawmakers will discuss tomorrow, May 17, the proposed amendments to the text. Get the...
“We’re seeing financial services in places where we’ve not been not used to seeing financial services.” 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 to our daily newsletter, PYMNTS Today....
The U.K. Payment System Regulator’s (PSR) panel issued recommendations on May 10 to eliminate barriers for consumers and merchants to access digital payments in the U.K. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The price drop in stablecoin TerraUSD and the collapse in its associated cryptocurrency LUNA has triggered a global call for stablecoin regulation. From the U.S. Treasury Secretary to the Securities and Exchange Commission (SEC) or the Bank for International Settlement (BIS), regulators around the world...
