/regulation
The Federal Reserve has fined Green Dot $44 million for "numerous" unfair and deceptive practices in the marketing, selling and servicing of its prepaid cards and its tax return preparation payment services.
22 July 2024
/security
Banks and card payment systems are among the victims of the worldwide tech outage on Microsoft platforms.
19 July 2024
/sustainable
Sustainable Finance Live 2024 will kick off of Tuesday 8 October at Events@No6 in London. Finextra’s annual sustainable event will have interactive workshops, stimulating panel sessions, and a dynamic hackathon.
/markets
The interpretive rule is designed to help ensure US workers know the costs and fees of paycheck advance products.
/inclusion
The FCA has told financial firms to do more to ensure politically exposed persons (PEPs) and their families are not treated unfairly.
/payments
Block is killing off its Cash App P2P payments service in the UK as it "deprioritises global expansion".
California-based Aven has raised $142 million to bring its home equity-backed credit card to homeowners across the US.
/crypto
Standard Chartered is among the firms picked to join Hong Kong's new stablecoin issuer sandbox. The announcement comes a day after the island's regulators said they will soon propose a regulatory regime for stablecoin issuers.
The Bank of England says a 'global payments issue' dealyed high value payments, including house purchases, processed through the national real-time gross settlement system Chaps.
18 July 2024
Indian cryptocurrency exchange WazirX has been hacked, with crooks making off with around $230 million in various tokens.
/startups
Allium, a blockchain data platform that works with the like of Visa and Stripe, has raised $16.5 million in a Series A funding round.
/retail
Natwest has made its banking app available on Apple Vision Pro, the tech giant's smart googles which blend digital content with the physical world to create new immersive experiences.
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