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Latest Results from /regulation

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Ripple donates $25m to crypto super PAC

Ripple is pumping $25 million into Fairshake, a federal super political action committee (PAC) backing pro-crypto candidates during the 2024 US elections.

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Sipps provider Intelligent Money goes into administration

UK wealth management firm Intelligent Money has entered administration after agreeing a deal to sell off its business and assets to fellow provider Quai.

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EBAday 2024: 100 banks registered and ready to fuel the payments technology conversation

Q. What does the payments sector look for in a conference? A. The number of banks registered to attend and the number of bank speakers on the agenda, ready to openly communicate to the audience how they are currently leveraging technology.

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BaFin lifts N26 customer onboarding cap

After more than two years, Germany's financial regulator BaFin has lifted a cap on the number of new customers that digital bank N26 can onboard.

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Climate action fintech Deedster secures SEK 50 million investment

Stockholm-based sustainability fintech Deedster has secured a SEK 15 million investment round led by Wellstreet.

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JP Morgan to pay $100m for client order monitoring failures

JP Morgan will pay $100 million to settle a CFTC probe that concluded the bank failed to properly monitor billions of client orders between 2014 and 2021.

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Ex-Citi employee files wrongful termination lawsuit alleging the bank hid data from regulators

A former managing director at Citigroup is suing the bank and COO for unlawful termination on the grounds of allegedly refusing to provide regulators with false information.

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Ethereum ETFs approval progresses with SEC announcement

The US Securities and Exchange Commission (SEC) has approved rule changes in support of ethethereum ETFs, setting up the potential launch of 8 exchange traded funds.

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Klarna labels CFPB BNPL rule 'baffling'

The US Consumer Financial Protection Bureau's new rule on buy now, pay later lenders has received a mixed reception from industry players, with Affirm welcoming the outcome but rival Klarna calling it "baffling".

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ICE fined $10m for late cyber intrusion disclosure

The Intercontinental Exchange has been hit with a $10 million penalty for the failure of its subsidiaries - including Nyse - to quickly report a cyber intrusion to the Securities and Exchange Commission.

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Biden opposes digital asset bill

President Biden and SEC chair Gary Gensler have both criticised a new cryptocurrency bill ahead of a US House of Representatives vote.

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CFPB rules that BNPL lenders should be treated as credit cards

The US Consumer Financial Protection Bureau has ruled that buy now, pay later lenders should be treated in the same way as credit cards.