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Latest Results from /regulation

/regulation

CFPB orders Wise to pay over $2m

Money transfer platform Wise has been hit with a $2.025 million penalty from the Consumer Financial Protection Bureau (CFPB) for misleading customers about fees and charges.

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Infinox hit with first transaction reporting fine under MiFir rules

The FCA has issued its first fine for transaction reporting failures under MiFir regulations.

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Australia tells BNPL providers to apply for credit licences

Buy now, pay later providers in Australia have been told to apply for credit licences ahead of new laws coming into effect in June.

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Trump orders evaluation of national crypto stockpile; prohibits CBDC work

President Donald Trump has established a working group on digital assets that will investigate the development of a federal regulatory framework for crypto and evaluate the creation of a national digital asset stockpile.

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The Bank of London fails to file accounts

Following months of turmoil, The Bank of London has failed to file its accounts for 2023 on time.

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Davos: Zumo releases MiCA readiness report

B2B assets platform Zumo has released a report from Davos on the industry’s readiness for the EU’s upcoming Markets in Crypto-Assets (MiCA) regulation, focusing on sustainability requirements.

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PayPal reaches $2m cybersecurity settlement with New York regulators

PayPal will pay $2 million to settle New York State charges that cybersecurity failures at the firm led to customers' social security numbers being exposed.

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SEC launches crypto task force, saying it can 'do better'

With Donald Trump in power, the new acting chairman of the Securities Exchange Commission has moved to reset the watchdog's approach to digital assets, launching a crypto task force dedicated to developing a regulatory framework for the sector.

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FCA to remove £100 contactless limit

The UK Financial Conduct Authority is planning to remove the £100 contactless limit and implement an open finance regime tackling SME financing.

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Swedish central bank calls for more action by banks on Tips cross-currency project

Sweden's central bank is calling on banks to join in the ongoing work to enable instant cross-currency payments within Europe via the Target Instant Payment Settlement (Tips) system.

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Trump preps crypto executive order

Incoming US president Donald Trump is set to release an executive order designating cryptocurrency a national priority, according to Bloomberg.

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DORA takes effect today

Today marks the deadline for compliance with the Digital Operational Resilience Act (DORA) in the EU.