Mastercard to Share Card Data With Other Payment Networks Under FTC Order
Under the FTC card data routing order, Mastercard must start providing competing networks with customer account information they need to process debit payments
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Cinkciarz Wins Judgement in Google Ads Case
The Polish court ordered the owner Internetowykantor.pl and the Walutomat website, an online currency exchange service platform, to apologize and pay compensation to Cinkciarz.pl, the company from Conotoxia Holding, and donate an additional amount to charity.
FinTech Australia and FDATA Call For CDR Roadmap
The leading Australian peak body of the fintech industry, FinTech Australia, and the global non-profit organization supporting open banking companies, FDATA, have published a joint appeal addressed to politicians calling for the creation of a roadmap for the implementation of consumer data rights (CDR).
NYDFS Fines OneMain for Cybersecurity Violations
Financial Services Superintendent Adrienne A. Harris announced that OneMain Financial Group LLC was fined $4.25 million for cybersecurity violations.
Crypto Bills Hang by a Thread in US
A few drafted crypto-related bills are still left without any resolution in the US, while one may be eliminated altogether
CFPB Begins to Muscle Up AI Regulations
The American consumer protection service joins a group of organizations that are strengthening their protection tools through the use of artificial intelligence.
Sam Altman Shares His Optimistic View of AI Future
OpenAI CEO Sam Altman, in a speech on the stage of Station F in Paris, answered questions from local entrepreneurs about his idea of the image of the future in the context of the active development and dissemination of artificial intelligence.
Bali Cracks Down on Crypto
Bali authorities will be taking strict measures against tourists paying for goods and services with cryptocurrency
Microsoft Executive Calls For Faster AI Regulation
Brad Smith, president and vice chairman of Microsoft (MSFT), said that the US government should intensify its activities aimed at creating and subsequently implementing measures to regulate the development and dissemination of artificial intelligence.
Credit Suisse Loses Singapore Case Against Georgian Billionaire Ivanishvili
A Singapore court has ordered a unit of Credit Suisse Group AG to pay billionaire Bidzina Ivanishvili $926 million.
OpenAI Launches Grant Program, Expands iOS App
OpenAI is ready to fund the development of proofs-of-concept that could establish democratic processes for overseeing AI, while its iOS app version expands to 45 more countries
Japan Tightens Crypto Rules
Already having one of the strictest cryptocurrency regulations in the world, Japan is going to introduce even stricter measures against money laundering in the crypto industry starting from 1 June 2023
Citizens Bank to Pay $9 Million Fine Over Credit Card Billing Errors
The Consumer Financial Protection Bureau (CFPB) and Citizens Financial Group were able to reach an agreement on the CFPB complaint.
Hong Kong Securities Regulator Starts Accepting License Applications from Crypto Exchanges
Applications for crypto trading platform licenses in Hong Kong will start being accepted on June 1, as soon as existing guidelines are officially updated
Meta Hit With Landmark $1.3 Billion EU Privacy Fine
The Meta Platforms company in Europe was fined a record amount of $1.3 billion.
Huobi Ordered to Close Operations in Malaysia
Securities Commission Malaysia (SCM) ordered the crypto exchange Huobi Global to stop operations in the country, stating the firm failed to register its business properly
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