regulation - page 14

News

FTC Returns $392 Million to Consumers After Law Enforcement Actions

In the United States, the Federal Trade Commission (FTC) last year returned $392 million to citizens after a refund made possible as a result of the actions of law enforcement officers.

Science & Technology

Open AI Receives Warning From Japanese Privacy Watchdog

The Japanese privacy protection service on Friday, June 2, announced that it had sent a warning to the OpenAI startup, which received investments from Microsoft and developed a popular chatbot based on artificial intelligence ChatGPT, about the inadmissibility of using the practice of collecting personal information without obtaining prior permission to perform these actions from […]

News

US Passes Bill to Avoid Default: What to Expect?

The US House finalized a bill to suspend the debt ceiling on Wednesday, just days left before the country was expected to default. What comes next for the national debt and financial markets?

News

Meta Seeks to Force FTC Into Court to Change Privacy Settlement

Meta Platforms has appealed to a federal court to deprive the Federal Trade Commission (FTC) of the opportunity to move forward as part of the agency’s procedure to review its confidentiality agreement reached in 2020.

News

MiCA Now Officially Signed into Law

EU officials have signed the Markets in Crypto-Assets (MiCA) bill into law following final approval from finance ministers

Fintech & Ecommerce

Currency One Announces Appeal Against Non-Final Judgement

A court case pending since October 2013, on the charges against Currency One SA brought by Cinkciarz.pl ended with the decision of the District Court of Poznan, which has not yet entered into force.

Finance & Economics

SEC Hits Former Wells Fargo Community Bank Lead With $3 Million Fine

In the United States, the Securities and Exchange Commission on Tuesday, May 30, announced an agreement with the former head of the Community Bank Wells Fargo & Co. Carrie L. Tolstedt.

News

Mastercard to Share Card Data With Other Payment Networks Under FTC Order

Under the FTC card data routing order, Mastercard must start providing competing networks with customer account information they need to process debit payments

News

Cinkciarz Wins Judgement in Google Ads Case

The Polish court ordered the owner Internetowykantor.pl and the Walutomat website, an online currency exchange service platform, to apologize and pay compensation to Cinkciarz.pl, the company from Conotoxia Holding, and donate an additional amount to charity.

News

FinTech Australia and FDATA Call For CDR Roadmap

The leading Australian peak body of the fintech industry, FinTech Australia, and the global non-profit organization supporting open banking companies, FDATA, have published a joint appeal addressed to politicians calling for the creation of a roadmap for the implementation of consumer data rights (CDR).

Finance & Economics

NYDFS Fines OneMain for Cybersecurity Violations

Financial Services Superintendent Adrienne A. Harris announced that OneMain Financial Group LLC was fined $4.25 million for cybersecurity violations.

News

Crypto Bills Hang by a Thread in US

A few drafted crypto-related bills are still left without any resolution in the US, while one may be eliminated altogether

News

Bali Cracks Down on Crypto

Bali authorities will be taking strict measures against tourists paying for goods and services with cryptocurrency

Finance & Economics

Credit Suisse Loses Singapore Case Against Georgian Billionaire Ivanishvili

A Singapore court has ordered a unit of Credit Suisse Group AG to pay billionaire Bidzina Ivanishvili $926 million.

News

OpenAI Launches Grant Program, Expands iOS App

OpenAI is ready to fund the development of proofs-of-concept that could establish democratic processes for overseeing AI, while its iOS app version expands to 45 more countries

Blockchain & Crypto

Japan Tightens Crypto Rules

Already having one of the strictest cryptocurrency regulations in the world, Japan is going to introduce even stricter measures against money laundering in the crypto industry starting from 1 June 2023