Latest Results from /regulation
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With Brits under increasing financial strain this summer, the Financial Conduct Authority is urging Brits to watch out for signs of loan fee fraud.
09 August 2023
Mystery shopping is a valuable tool for regulators looking to gain insight into how financial institutions behave when dealing with customers seeking products such as personal loans, a European Banking Authority exercise has found.
Wells Fargo and BNP Paribas are among the latest banks to be hit with multi-million dollar penalties by US regulators over employee use of unofficial communication tools like WhatsApp and iMessage.
08 August 2023
Fintech giant Revolut is suspending cryptocurrency services in the US, citing the evolving regulatory environment.
04 August 2023
As part of the wider ‘debanking’ scandal, a whistle-blower at Monzo has revealed how staff openly mocked the Tory party in internal messaging.
The Australian Securities and Investments Commission is suing online investment platform eToro over an alleged failure to act honestly and fairly in the marketing of its contract for differences (CFD) product, leaving 77% of retail clients out-of-pocket.
03 August 2023
The first action under the UK Financial Conduct Authority's new Consumer Duty rules arrives with the publication of a 14-point action plan to boost cash savings interest rates.
01 August 2023
The Securities and Exchange Commission has charged entrepreneur Richard Heart with conducting unregistered offerings of crypto asset securities that raised more than $1 billion and of defrauding investors of $12 million to buy, among other things, a 555-carat black diamond.
Singapore will eliminate corporate cheques by the end of 2025 but let people use them for "a period" beyond this. To help ease the transition, an electronic system will be built to allow users to make a deferred payment or issue a cashiers’ order.
31 July 2023
France's privacy watchdog says that the legality of Worldcoin's biometric data gathering "seems questionable," according to Reuters.
28 July 2023
The Bank of Spain has approved the registration of eToro as a service provider of exchange of virtual currency for fiat currency and electronic wallet custody services.
The Fintech Open Source Foundation (Finos) is forming an open standard project to describe consistent controls for compliant public cloud deployments in the financial services sector.
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