PYMNTS

SEPTEMBER 12, 2016

. “Electronic platforms facilitating fundraising on digital platforms are neither authorized nor recognized under any law governing the securities market,” the note stated. ” The regulator added that only legally recognized stock exchanges can serve as electronic platforms for corporate securities to be listed and traded.

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Regs Federal Reserve Legal Regulations 74

PYMNTS

MARCH 4, 2020

Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by big companies, according to a report by The Australian.

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Regs Finance Payments Small Business 56

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

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Regs Privacy Rules Regulations 60

PYMNTS

APRIL 2, 2019

Facebook CEO Mark Zuckerberg’s call for regulation in the tech space on Saturday (March 30) is drawing praise: U.S. However, the outlet reported that the latest statement is “Facebook’s most explicit call to date for regulation.”. Zuckerberg’s call has elicited praise from other lawmakers as well.

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PYMNTS

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone. financial system.

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PYMNTS

JUNE 10, 2019

’s peer-to-peer (P2P) lenders are hoping that tighter regulations by the Financial Conduct Authority (FCA) can help restore the sector’s damaged reputation. In addition, the market became more hostile after the FCA set new rules to limit marketing, boost governance and credit underwriting, and force lenders to prepare for failure.

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P2P Regs Rules Regulations 55

PYMNTS

FEBRUARY 3, 2019

Australia’s competition regulator is going after the banking industry in the country, vowing to punish what it claims is misconduct, reported The Financial Times. He noted that regulators shouldn’t have allowed Westpac to merge with St George Bank back in 2008, reported The Financial Times. They have to feel under threat.”

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PYMNTS

DECEMBER 9, 2019

government can unlock 5G deployment. The regulators felt that the merger could adversely impact wireless competition, and ultimately harm consumers. He added that there are two ways the U.S. The first way concerns the federal trial over the possible merger of T-Mobile and Sprint. population by June 2023. Treasury up to $2.2

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PYMNTS

SEPTEMBER 26, 2018

Australian regulators on Tuesday (Sept. ” “Many of the delays in breach reporting and compensating consumers were due to the financial institutions’ [FIs] inadequate systems, procedures and governance processes, as well as a lack of consumer-oriented culture,” said James Shipton, the ASIC’s chairman.

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PYMNTS

NOVEMBER 5, 2019

SoftBank is looking to develop stricter regulations for startups in the wake of the near collapse of WeWork. The startup regulations would also require at least one independent director, preventing directors from owning super-voting shares, and limiting founders or management to less than half of the board seats.

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PYMNTS

OCTOBER 24, 2016

Hong Kong is again pushing for more multinational corporate treasurers to call the city home with a new initiative by local regulators. At the event, government officials promoted their initiative , launched earlier this year, that offers tax breaks for corporate treasurers that set up shop in Hong Kong. Reports Friday (Oct.

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PYMNTS

MARCH 19, 2018

regulators are encouraging an inquiry into whether the market’s Big Four accountancy firms — KPMG, Deloitte, PwC and EY — should be broken up and forced to spin off their auditing arms, reports said. most recently with the collapse of government contractor Carillion , audited by KPMG. Last year, PwC was fined $6.5 and beyond.

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PYMNTS

APRIL 10, 2019

In terms of the news itself, China’s government, through its National Development and Reform Commission, which regulates planning, has now said bitcoin mining stands on a list of 450 activities that are thought to be wasteful and should be eliminated. Break Even or Broke, Even?

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Bitcoin Regs Use Case Digital Currency 58

PYMNTS

DECEMBER 3, 2019

government. that mirror the General Data Protection Regulation of the European Union. that mirror the General Data Protection Regulation of the European Union. Citigroup had moved coverage of Facebook to Bazinet, who reportedly issued the warning out of the gate, Bloomberg reported.

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PYMNTS

OCTOBER 22, 2019

Elizabeth Warren worried that banks could potentially use the problems to justify easing regulations on the banking industry as a whole. Warren , who is a member of the Senate banking committee, said she’s “concerned” about whether banks will claim that the liquidity regulations imposed on them after the financial crisis are too strict.

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PYMNTS

AUGUST 27, 2019

The Australian government is preparing a strategy to combat tax dodging among small businesses amounting to an estimated $11 billion in missing tax payments, News.com.au percent, marking what reports said is the first time tax regulators have calculated that tax gap. reported Monday (Aug. 26) that there is an $11.1

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PYMNTS

JULY 16, 2018

Companies also have new rules in place that govern how data is shared for children aged 16 and below. In another nod toward privacy, Microsoft wants to see government regulation of facial recognition technology. Bloomberg reported that the top 10 regulated banks in the U.S.

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PYMNTS

APRIL 22, 2019

The Chilean government has revealed that it is looking to implement tougher regulations on cryptocurrencies and FinTech. Regulation of these platforms would mitigate some of the risks, such as money laundering and terrorist financing, and increase the legal certainty with which they operate.

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Blockchain Regs Money Laundering FinTech 49

PYMNTS

MAY 8, 2019

Government Accountability Office (GAO) that were “sharply critical of the adequacy of NCUA supervisory procedures, and the competency of NCUA examiners.” With that in mind, the two bank groups believe the NCUA cannot adequately supervise these large credit unions, due to reports from the agency’s own inspector general and the U.S.

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CFPB NCUA Consumer Financial Protection Bureau (CFPB) Credit Union 43

Payments Source

JULY 7, 2020

Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle.

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Regs Privacy Laws Technology 74

PYMNTS

NOVEMBER 20, 2017

The FINMA ruling, which came on June 30, claims the banking giant “seriously infringed” on rules governing anti-money laundering provisions, as confirmed by a Nov. Reuters reported that the findings have been disclosed in a document filed with the Swiss court. 8 ruling by the Federal Administrative Court.

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AML Rules Money Laundering Regs 43

PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Any FinTech disruptor, when it becomes so big, represents systemic risk,” he told Webster.

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Regulations Authorization Regs Central Bank 67

PYMNTS

APRIL 30, 2019

But government inspectors described the development as “on hold,” and construction has stopped, according to The Sunday Times. And a new regulation in Finland will require cryptocurrency businesses to register with the nation’s financial watchdog.

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Bitcoin Regs Scams Money Laundering 40

PYMNTS

MAY 16, 2018

So as states sit down to craft their individual laws and regulations around such activities, they will already have a foundation in place, said Pappano, making the project much less daunting. There are also local differences in regulations that add even more complexity, he said.

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PYMNTS

NOVEMBER 5, 2018

Roughly a decade on, is it time to remove some of the rules governing the financial sector that took shape in the aftermath of the Financial Crisis of 2008? Reg Oversight on Chinese Financial Firms to Broaden? As part of that legislation, Fed oversight had increased on banks holding between $100 billion and $250 billion in assets.

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Fed Federal Reserve Regs Rules 51

PYMNTS

DECEMBER 21, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments in the U.S., The European Union ’s governing European Commission published drafts of new rules for digital services that would cover social media, digital marketplaces and other platforms. and Europe. Potential new U.K.

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Privacy Agreements Federal Trade Commission Regs 57

PYMNTS

NOVEMBER 11, 2020

The stock fell after the Chinese government announced new antimonopoly rules that will increase the pressure on eCommerce marketplaces and payments services. The regulations will also hit Alibaba’s Ant Group, which took a beating last week after the government suspended its planned initial public offering (IPO).

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Regs NOV Law Enforcement Economy 95

PYMNTS

APRIL 8, 2016

The Indian government has passed regulations that influence pricing and sales sourcing, which Amazon and similar sites seem to be in violation of. Making matters worse, there was no window given for time to comply; the regs went into effect immediately. That’s a very open-ended question the government has left.”.

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Law Enforcement Regs Rules Laws 41

FICO

JUNE 15, 2020

This does not meet standards of model palatability, which leads to such models being rejected by model governance. This behavior is not explainable or justifiable to a human regulator or customer and is likely to be mispredictive in future situations. . For a $123.57 In this decision tree, $123.56

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Regs Procedures Risk On-Demand 52

PYMNTS

OCTOBER 27, 2019

HSBC executive Peter Wong is calling for China to relax regulations so that foreign banks can have an easier time obtaining licenses and raising deposits in the country. But Wong said he believes additional regulations need to be eased, such as allowing HSBC to expand its insurance business into new cities and provinces in China.

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CB Insights

OCTOBER 31, 2017

” A drone company with tons of preorders and lots of buzz folded up and left customers stranded, and some blockchain startups ran into regulation challenges, complications, and plain old lack of funding. The main asset the government (and big companies) has is time—which is the resource of which startups have the least.

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PYMNTS

FEBRUARY 17, 2017

will soon be floating a complete overhaul of the rules governing how financial institutions investigate and report potential criminal activity. A massive lobbying push is expected to follow the proposed rule change — a push that will likely target bank regulators and members of the Senate and House of Representatives finance committees.

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Money Laundering Regulations Regs Fincen 40

PYMNTS

FEBRUARY 21, 2017

The CFPB was a few weeks away from releasing new draft regulations, and the money was on regs that would by and large neuter the industry. And if one were to ask their Magic 8-Ball about the fate of those payday lending regs, the answer one would most likely get at this point is “Ask again later.”. The Uncertainty Challenge.

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CFPB Regs Rules FTC 40

PYMNTS

OCTOBER 6, 2017

Reactions to the regulations have run the gamut, as one might have expected after what was an extremely contentious five-year effort to bring federal regulation to an industry that had previously only been state-regulated. By the CFPB’s own estimates, the regulations as written will cut the number of short-term loans in the U.S.

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CFPB Regs Rules Credit Union 51

PYMNTS

DECEMBER 1, 2017

president, banks of all sizes are pushing the federal government for greater regulatory relief ahead of a key lawmaker meeting next week. They argue that the new regs put them at a particularly disadvantage, as their smaller regional competitors can now avoid burdens that they are still subject to. “We We are disappointed.

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