European regulators reportedly placed restrictions on Revolut last year over the speed of its product approvals. The European Central Bank (ECB) last cut back on permission for Revolut’s European business to unveil new products in the European Economic Area (EEA) until it addressed “deficiencies” in...
England’s financial watchdog said social media platforms are not properly policing illegal financial promotions. The Financial Conduct Authority (FCA) called for greater action against “finfluencers” on Friday (April 24), following a week of worldwide regulatory action on the topic. “This collective push with international partners...
The Consumer Financial Protection Bureau reportedly ended settlements with Apple and U.S. Bank, putting a stop to monitoring that was initially set to last for years. In both cases, the settlements were reached during the Biden administration, and the companies paid the full civil money...
The Treasury Department plans to delay for two years the implementation of a new anti-money laundering rule focused on investment advisers while one of its bureaus, the Financial Crimes Enforcement Network (FinCEN), revisits the scope of the rule. The agency postponed the effective date of...
February 09, 2025
The Consumer Financial Protection Bureau’s (CFPB) new boss has put a hold on consumer protections. Workers at the financial regulator will work from home this week while their headquarters are closed down, CNBC reported Sunday (Feb. 9). That shutdown lasts through Feb. 14, the report said, the same day a judge is scheduled to hold […]
July 06, 2021
More businesses and consumers are conducting their daily tasks and transactions online, meaning offering seamless digital experiences is becoming increasingly important for today’s financial institutions (FIs). This also means banks...
September 04, 2018
U.K. payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.) in the closing days of...
May 28, 2018
It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain...
September 21, 2026
The Commodity Futures Trading Commission (CFTC) is hosting a series of roundtables devoted to new technologies in U.S. financial markets. The Frontier Forum series, hosted by the CFTC’s Innovation Task Force, will kick off next month with a discussion of artificial intelligence and agentic finance, the regulator announced Monday (Sept. 21). “The technologies transforming our […]
June 10, 2026
European regulators reportedly placed restrictions on Revolut last year over the speed of its product approvals. The European Central Bank (ECB) last cut back on permission for Revolut’s European business...
April 26, 2026
England’s financial watchdog said social media platforms are not properly policing illegal financial promotions. The Financial Conduct Authority (FCA) called for greater action against “finfluencers” on Friday (April 24), following...
September 23, 2025
The Consumer Financial Protection Bureau reportedly ended settlements with Apple and U.S. Bank, putting a stop to monitoring that was initially set to last for years. In both cases, the...