Category: Policy and Regulation
UK Government Unveils Plans to Eliminate Payment Systems Regulator: What It Means for Consumers
The UK’s financial regulatory landscape is undergoing a significant change with the consolidation of the Payment Systems Regulator (PSR) into the Financial Conduct Authority (FCA).…
FCA Demands Regulatory Clarity to Boost AI Adoption Among UK Banks
A recent survey by the FCA and the Bank of England identified data protection and Consumer Duty compliance as major barriers to AI deployment in…
Revolut and Visa Take Legal Action Against PSR’s Fee Cap Plan: A Financial Showdown
The UK’s Payment Systems Regulator (PSR) plans to impose a price cap on interchange fees charged by Visa and Mastercard to UK merchants for online…
Trump’s Bitcoin Reserve Plan Fails to Move Markets: What You Need to Know
Bitcoin’s recent price dropped about five percent to $85,000 before recovering, following former President Trump’s announcement of a ‘Strategic Bitcoin Reserve.’ This reserve will use…
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)…
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