Philippines Cuts Banks’ Reserve Ratio
The Central Bank of the Philippines decided to reduce the level of the norm on the availability of mandatory reserves for financial institutions at the end of the month.
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Dutch Watchdog Wants to Know How ChatGPT Handles Personal Data
The Dutch privacy regulator has sent a letter to the creators of ChatGPT OpenAI, which contains a request to clarify the algorithm for processing confidential user information.
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.
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 […]
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?
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.
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
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.
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.
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
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 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).
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.
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
Bali Cracks Down on Crypto
Bali authorities will be taking strict measures against tourists paying for goods and services with cryptocurrency
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.
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