Latest Regulation & Compliance News: Finextra Research

CFPB drops suit against JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has dropped a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo which had accused the banks of allowing fraud to "fester" on P2P payments platform Zelle.

22 hours

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DORA: Learn how to fortify operational resilience at NextGen Nordics

The introduction of the Digital Operational Resilience Act (DORA) in 2022 marked a pivotal shift, requiring financial institutions to bolster their ability to withstand and recover from a range of cyber and operational disruptions. The upcoming NextGen Nordics 2025 event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025 promises to be a unique platform for banking professionals and industry leaders to explore how DORA is reshaping the financial ecosystem, focusing on operational resilience, cybersecurity, and the future of innovation in the sector.

04 March 2025

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Turkish investment bank BankPozitif taps Taurus for crypto custody

Turkish digital investment bank BankPozitif has teamed up with Swiss blockchain startup Taurus for a push into crypto.

04 March 2025

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Bitcoin ATM operator jailed for four years

The operator of a crypto ATM network in the UK has been sentenced to four years in prison in the first such case brought the FCA.

04 March 2025

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BofA CEO says bank prepared to launch own stablecoin

Bank of America will look to launch its own dollar-backed stablecoin if US lawmakers make it legal to do so, says CEO Brian Moynihan.

04 March 2025

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Central bank says Revolut needs licence to do business in Ukraine

Ukraine's central bank says that Revolut does not have a licence to operate in the country despite the London-based fintech's announcement earlier this month that residents can now open accounts.

28 February 2025

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CFPB dismisses Capital One savings account rates lawsuit

Thursday marked The Consumer Financial Protection Bureau’s (CFPB) dismissal of their lawsuit initiated on 14 January 2025, suing Capital One, and its parent holding company, Capital One Financial Corp for cheating millions of consumers out of more than $2 billion in savings account interest.

28 February 2025

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Behavox buys Mosaic Smart Data

AI insights company Behavox has acquired Mosaic Smart Data, a vendor that helps financial institutions extract actionable intelligence from their transaction data. Terms of the deal were not disclosed.

28 February 2025

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Marqeta to buy TransactPay for European push; makes CEO change

US card issuing platform Marqeta has strengthened its position in the UK and Europe through a deal to buy TransactPay. Separately, Marqeta CEO Simon Khalaf has left the firm and been replaced by current CFO Mike Milotich on an interim basis.

27 February 2025

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Crypto exchange OKX hit with $505m penalty over AML violations

The operator of the OKX crypto exchange will pay more than $504 million in fines and fees after admitting breaking US anti-money laundering laws.

26 February 2025

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SEC drops another crypto case

The main financial regulator in the US has dropped its investigation against a crypto exchange, adding further credence to the notion that there has been a seismic shift in the US's regulation of decentralised finance (DeFi).

26 February 2025

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Taurus launches private token standard for banks

Swiss blockchain startup Taurus has released what it describes as an open-source token standard for debt and equity transactions in a move designed to boost the digital assets market.

25 February 2025

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