regulation - page 19

News

Federal Reserve Governor Says CBDC Risks Likely Greater Than Benefits

The head of the Federal Reserve System, Michel W. Bowman, said that the advantages of the central bank’s digital currency (CBDC) are more likely to exceed the risks associated with its use.

News

Nine More US States Join Lawsuit Against Google

Nine more states have joined the US Department of Justice’s lawsuit against Alphabet (GOOGL.O) Google.

News

UK Regulators Deliver Roadmap for Future of Open Banking

In the UK, local financial regulators have unveiled plans for the future development of open banking.

Finance & Economics

First Islamic Bank Goes Live on UAE KYC Blockchain Platform

Abu Dhabi Islamic Bank (ADIB) has gone live on the UAE national blockchain ecosystem for the exchange of verified KYC data

News

UK FinTechs Seek Government Support After SVB Collapse

In the UK, local startups that operate in the field of fintech express concern that the country is losing its position in the global financial system.

Finance & Economics

Yellen Warns Banks Could Pull Back on Lending

The US Treasury Secretary reported on the high probability of a change in the approach of local financial institutions to lending in the direction of tightening.

News

JPMorgan Asks for Permission to Question Frank Founder About Transfers

JPMorgan Chase wants to interrogate Frank founder Charlie Javis as part of the proceedings on the transfers of millions of dollars.

Finance & Economics

FTX Lawyers Recover Billions and Bill Millions Investigating Exchange Reboot

FTX lawyers are exploring the possibility of restarting this cryptocurrency exchange.

News

Chargebacks911 Responds to FTC Complaint

Chargebacks911 provided a response to the allegations by the Federal Trade Commission (FTC) and Florida Attorney General Ashley Moody.

Society & Lifestyle

FTC Sues Chargebacks911 and Alleges Use of Unfair Techniques

Chargebacks911, a company that specializes in helping consumers mitigate the effects of chargebacks, was sued by the Federal Trade Commission (FTC) and Florida.

Finance & Economics

IMF Lowers Forecast for Global Economic Growth After Banking Crises

The consequences of the coronavirus pandemic, which have not yet been fully overcome by the financial and industrial sectors, and the pressure factor in the form of banking crises have a negative impact on the prospects for economic growth.

News

UK Payments Startup Ryft Wins FCA Licence

Ryft, a UK-based startup that aims to replicate the success of Stripe, has announced that it has received an FCA license.

News

South Korea Fines Google $32 Million

The South Korean Fair Trade Commission (KFTC) fined Alphabet’s Google 42.1 billion won ($32 million).

Finance & Economics

First Citizens Community Bank Parent Gains Regulatory Approvals for Acquisition

The acquisition of HV Bancorp, previously announced by Citizens Financial Services, has received regulatory approval.

Articles

Israel Joins Online Banking and Provides Access to International Payment Providers

Back in June 2022, Israel began the process of open banking reform in an attempt to bring its outdated regulatory framework into line with the needs of the nation’s booming fintech sector. The road map for the reforms is set to conclude by November 2023 and although this could represent a real boon for both […]

News

ChatGPT Maker to Propose Remedies Over Italian Ban

ChatGPT manufacturer OpenAI intends to present an action plan aimed at eliminating the problems that caused the decision to ban the chatbot in Italy by the local authorities.