1159 articles tagged with this keyword
News/retail
UK challenger bank Starling has decided not to pursue an Irish banking licence as it changes its plans for international expansion.
19 July 2022
News/crime
The Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of the Currency (OCC) have fined the Bank of America (BofA) for their deficient disbursement of state unemployment benefits during the Covid-19 pandemic.
15 July 2022
News/crypto
The Bank of England’s Financial Policy Committee has called for widespread crypto regulation, reported Coindesk on Wednesday.
07 July 2022
News/payments
Bolt has reached a settlement with one of its largest customers, which sued the check-out payments company over claims of faulty technology.
06 July 2022
Company update/startups
Swedish fintech Nstart has been granted a license to operate as a credit institution by the Swedish Financial Services Authority. The license will allow Nstart to offer both deposits and lending and give more Europeans the opportunity to free themselves from over-indebtedness.
News/regulation
The European Parliament has approved the Digital Services Package, comprising the Digital Services Act (DSA) and Digital Marketing Act (DMA), originally put forward by the European Commission in December 2020.
Open banking platform Plaid has made clear their position around PSD2 in a blog outlining their proposal to the Payments Service Directive (PSD2) review.
The European Central Bank (ECB) is expected to issue a strong warning to eurozone countries around the pressing need to harmonise regulation across the crypto industry, the FT reports.
04 July 2022
The Council Presidency and European Parliament have settled on the Markets in Crypto-Assets (MiCA) proposal; ruling that crypto-asset service providers will require authorisation to operate in the EU, not including NFTs or media-related digital assets.
01 July 2022
The Federal Trade Commission (FTC) is suing Walmart, alleging that the retail giant "turned a blind eye" while fraudsters used its money transfer service to fleece consumers of hundreds of millions of dollars.
29 June 2022
News/security
A man has been sentenced to four and a half years in prison by a London court for selling criminals access to computer software that enabled them to compromise bank accounts.
16 June 2022
News/wholesale
Starling Bank CEO Anne Boden has threatened legal action against former anti-fraud minister Lord Agnew over his allegations that the bank used the Government's Covid loan scheme as a "God-sent opportunity" to swell its balance sheets without conducting adequate checks on the ability of loanees to repay the debt.
08 June 2022
Metro Bank is being sued by US software company Arkeyo over allegations that it leaked the company's coin counting technology to a rival firm.
06 June 2022
Australia's competition watchdog has commenced legal proceedings against Mastercard for allegedly trying to stifle competition in the supply of debit card acceptance services.
01 June 2022
News/people
Global Islamic fintech company, Wahed, has just announced the appointment of former BlackRock lawyer, Shahan Jamil, as deputy general counsel.
13 May 2022
Company update/people
Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange, today announced the appointment of Joshua Eaton, former Deputy U.S. Attorney in the Northern District of California, as Deputy General Counsel.
11 May 2022
Company update/payments
Nacha's Payments Innovation Alliance has created a legal and risk mitigation resource guide for financial institutions seeking to implement voice payments capabilities and applications (skills) through smart devices, such as the Amazon Echo and Google Nest.
04 May 2022
Company update/Legal
We are launching the Fintech Counsel Fund to provide practical support to three carefully selected fintech companies as they seek to make their mark in the fintech industry.
26 April 2022
MoneyGram is preparing to fight what it calls a "baseless" Consumer Financial Protection Bureau (CFPB) and New York Attorney General lawsuit accusing the money transfer giant of "leaving families high and dry".
25 April 2022
Germany's Commerzbank is seeking to enter the crypto-assets market after a spokesperson revealed the bank has applied for a local crypto licence.
22 April 2022
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