regulation - page 14

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.

Fintech & Ecommerce

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.

Blockchain & Crypto

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

Finance & Economics

Citizens Bank to Pay $9 Million Fine Over Credit Card Billing Errors

The Consumer Financial Protection Bureau (CFPB) and Citizens Financial Group were able to reach an agreement on the CFPB complaint.

News

Hong Kong Securities Regulator Starts Accepting License Applications from Crypto Exchanges

Applications for crypto trading platform licenses in Hong Kong will start being accepted on June 1, as soon as existing guidelines are officially updated

Blockchain & Crypto

Huobi Ordered to Close Operations in Malaysia

Securities Commission Malaysia (SCM) ordered the crypto exchange Huobi Global to stop operations in the country, stating the firm failed to register its business properly

News

G7 Countries Seek Common Vision for AI

The leaders of the G7 countries intend to hold a negotiation process, following which a common vision of artificial intelligence will be formed and the goals of its development will be outlined.

Finance & Economics

Disney Scraps $867 Million Florida Plan

The Walt Disney Company has abandoned its intention to invest $867 million in the construction of a new corporate campus in the state of Florida.

News

TikTok Creators Sue Montana Over App Ban

A group of TikTok users filed a lawsuit to get the Montana state administration to cancel the blocking of this digital platform.