Global Fintech & Digital Assets

NOVEMBER 1, 2023

A recent report by the Alan Turing Institute scrutinised the potential risks and benefits associated with the use of AI in financial services.Some of the key risks identified include: Consumer Protection: AI has the potential to be used to assist in better understanding customers’ needs and characteristics. What are the next steps?

AI 52

AI Regulations Financial Crimes Governance 52

PYMNTS

JUNE 10, 2019

The Financial Stability Board says Basel III rules have not led to a squeeze of the small business bank lending market, according to reports on Friday (June 7). The FSB announced Friday the findings of its analysis of Basel III regulations on the small business lending space.

Small Business 40

Small Business Regulations Federal Reserve Finance 40

PYMNTS

FEBRUARY 3, 2020

The creation of a “single European data space, a genuine single market for data” would include new rules governing cross-border use and data interoperability, among other tenets. According to the newswire, the new rules would also prevent larger tech firms from “unilaterally imposing conditions for access” and data use. “On

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) CFPB Digital Currency Central Bank 52

PYMNTS

OCTOBER 14, 2016

Takach suggested that the general legal rules of libel, taxation, securities and regulations, originally applied to internet models, apply to cryptocurrencies now, and regulations to prevent terrorist financing, privacy rules and consumer protection can be created based on internet-related precedents.

Bitcoin 77

Bitcoin Blocks Central Bank Digital Currency 77

PYMNTS

MARCH 8, 2016

On Monday (March 7), the president met with Federal Reserve Chair Janet Yellen and other top regulators at the White House to discuss the progress of their attempt to rein in banks and trading firms with the Dodd-Frank Wall Street Reform and Consumer Protection Act , which was signed into law back in 2010.

Federal Reserve 40

Federal Reserve Regulations Consumer Protection Laws 40

PYMNTS

JANUARY 24, 2017

The now-sitting Trump administration has made no secret that it is no fan of the Dodd-Frank legislation that enables the Consumer Finance Protection Bureau to exist, and the Bureau itself has drawn the critical ire of the new President. Should be an interesting year.

CFPB 40

CFPB Underwriting Enrollments Laws 40

FICO

JANUARY 4, 2018

While there have been more wide-sweeping proposals introduced in Congress during the past six years, this bill provides a range of changes to the 2010 law that include providing relief to small and mid-size banks. The Wait Will Continue for New Debt Collection Rules. As a result, we may not see a proposed rule at all in 2018.

Regulations 53

Regulations CFPB Rules Treasury 53

FICO

JULY 17, 2017

In June, the House adopted, along a party line vote, the Choice Act, which aims to make broad changes to the 2010 Dodd-Frank statute. Many are also optimistic that new FCC leadership will result in much-needed reform in the area of Telephone Consumer Protection Act (TCPA). And now there is even more on Congress’s plate.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) CFPB Office of the Comptroller of the Currency Financial Crimes 40