Latest Regulation & Compliance News: Finextra Research

CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to "fester" on P2P payments platform Zelle.

20 December 2024

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New Zealand reduces merchant service fees for card payments

New Zealand's Commerce Commission has issued a draft decision to reduce fees paid by Kiwi businesses for accepting Visa and Mastercard payments.

19 December 2024

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ASA bans Lloyds ad on greenwashing grounds

The Advertising Standards Authority has upheld a claim against greenwashing by Lloyds Banking Group, banning an advert that burnished the bank's environmental credentials but failed to mention its ongoing support for fossil fuel polluting industries.

18 December 2024

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FCA takes next steps in developing regulated crypto regime

The UK's Financial Conduct Authority has set out its latest steps to improve the integrity of the UK's crypto market.

16 December 2024

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Australian regulator sues HSBC for failing to protect customers from scams

The Australian Securities and Investment Commission (Asic) is suing HSBC for failing to adequately protect customers scammed out of millions of dollars.

16 December 2024

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UK regulator PSR plans cap on cross-border card fees

The Payment Systems Regulator is pushing ahead with plans to introduce a price cap on the fees Visa and Mastercard charge UK merchants when European shoppers make online purchases.

13 December 2024

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Hong Kong launches roadmap for sustainability reporting

The Hong Kong government has revealed a roadmap to implement International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) across public entities by 2028.

13 December 2024