Category: Policy and Regulation
PSR Takes Bold Action Against Card Schemes Amidst 25% Fee Surge
The Payment Systems Regulator (PSR) recently reviewed the fee structures of Mastercard and Visa, revealing they raised core fees by over 25% from 2017 to…
CFPB Dismisses Lawsuit Against JPMorgan, Bank of America, and Wells Fargo Over Zelle Fraud Allegations
The Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against major banks like JPMorgan Chase, Bank of America, and Wells Fargo over alleged fraud…
Unlocking Operational Resilience: Master DORA Strategies at NextGen Nordics
NextGen Nordics 2025 is an essential event for banking professionals to explore the Digital Operational Resilience Act (DORA) and its profound impact on digital resilience…
Bitcoin ATM Operator Sentenced to Four Years in Prison for Cryptocurrency Crimes
Olumide Osunkoya has become the first person in the UK sentenced for operating unregistered crypto ATMs, raising compliance concerns in the cryptocurrency market and prompting…
BofA CEO Unveils Plans for Innovative Stablecoin Launch
Bank of America (BofA) is exploring the possibility of launching a stablecoin, pending regulatory approval. CEO Brian Moynihan expressed interest during a discussion at the…
Central Bank Demands Licensing for Revolut to Operate in Ukraine’s Financial Market
In February, Revolut announced that Ukrainian residents could open a European account, raising compliance concerns with Ukrainian banking regulations. The National Bank of Ukraine (NBU)…
CFPB Dismisses Lawsuit Over Capital One Savings Account Rates: What It Means for Consumers
The Consumer Financial Protection Bureau (CFPB) has dismissed its lawsuit against Capital One, initially filed just before President Trump took office, which accused the bank…
Behavox Acquires Mosaic Smart Data: A Game-Changing Move in Data Intelligence
Mosaic Smart Data’s software enhances liquidity discovery and decision-making in the Fixed Income, Currencies, and Commodities (FICC) markets by aggregating and normalizing transaction data, utilizing…
Marqeta Acquires TransactPay to Boost European Expansion and Announces CEO Transition
Marqeta has announced its acquisition of TransactPay to strengthen its presence in the European market, aiming to enhance its digital payment solutions. This move allows…
OKX Faces $505 Million Penalty: Major AML Violations Shake Up Crypto Exchange
OKX operator Aux Cayes Fintech has pleaded guilty to running an unlicensed money transmitting business, underscoring regulatory challenges in the cryptocurrency sector. OKX, a major…
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