Tags: Regulation
CFPB Abandons Open Banking Regulation: What It Means for Consumers and Financial Institutions
The Consumer Financial Protection Bureau (CFPB) is seeking to rescind the 1033 open banking rule, which allows Americans to request their banks share financial data…
Unlocking the Future of DeFi: The Impact of Regulation and Innovation on Decentralized Finance
Evgeny Skigin, co-founder of Bitclear, has significantly influenced the crypto payment landscape since 2014. Initially serving as CEO, he is now the sole shareholder, navigating…
US Department of Justice Pressures Google to Divest Two Key Advertising Products
The U.S. Department of Justice (DOJ) is pushing for Google to divest two major advertising products—Ad Exchange (AdX) and DoubleClick for Publishers (DFP)—following a court…
FCA Proposes Credit Ban on Cryptocurrency Purchases: What You Need to Know
A YouGov survey commissioned by the FCA reveals a rise in cryptocurrency purchases with credit, increasing from 6% in 2022 to 14% in 2024. In…
Net-Zero Banking Alliance Adapts to Empower Banks in Meeting Growing Climate Reporting Requirements
The Net-Zero Banking Alliance (NZBA) has renewed its mandate to enhance support for member banks in aligning with the Paris Agreement’s climate goals. Following a…
New York Takes Action Against DailyPay and MoneyLion for Alleged Illegal Loan Practices
New York Attorney General Letitia James has initiated legal action against DailyPay and MoneyLion, alleging they exploit consumers with high-interest loans disguised as paycheck advances.…
Y Combinator Calls on White House to Champion Europe’s Digital Markets Act for a Fairer Tech Landscape
Y Combinator has voiced its support for Europe’s Digital Markets Act (DMA), aimed at curbing Big Tech’s dominance and fostering competition. The DMA classifies six…
US SEC Declares Meme Coins Are Not Securities: What This Means for Investors
The US Securities and Exchange Commission (SEC) recently announced that meme coins are not classified as securities under federal laws, significantly impacting their regulation and…
UK Government Considers Scrapping Payment Systems Regulator: What It Means for Financial Oversight
The UK Government is considering abolishing the Payments Systems Regulator (PSR) as part of its strategy to streamline operations and stimulate economic growth. This decision,…
EU’s Disinformation Code: A Step Closer to Setting DSA Standards
The European Union’s Code of Practice on Disinformation aims to streamline the management of online misinformation for platforms adhering to its guidelines. The Digital Services…
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