Global
Global: Working group formed to determine the future of UK open banking
UK regulatory bodies have formed a strategic working group (SWG) to map out the future of open banking. The Joint Regulatory Oversight Committee ...
Global
Global: CFPB investigating Goldman Sachs over credit card practices
Goldman Sachs’ credit card business is being investigated by the Consumer Financial Protection Bureau (CFPB), the company disclosed in a quarterly filing. The ...
Global
Global: SEC Orders Crypto Startup To Register ICO Tokens or Face $31M Fine
SEC regulators found crypto startup Bloom promoted its tokens as investment contracts, legally qualifying them as securities Gary Gensler, Chair, US Securities and ...
Global
Global: CFTC and SEC propose amending reporting rules for large hedge funds on crypto exposure
The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part ...
Global
Global: Western Union Expands Integration With Visa Direct
Western Union is expanding its integration with Visa’s real-time money movement network Visa Direct to enable Western Union customers in the U.S. to send funds in ...
Global
Global: China Intensifies Crackdown on Cryptocurrency
China’s internet watchdog said it had intensified a crackdown on illegal online information that may lead to speculation and fraud involving cryptocurrency. According ...
Global
Global: German digital bank Nuri files for insolvency
The seven-year-old fintech, which provides both fiat and crypto banking products, is working on a “long-term restructuring concept” Berlin-based digital bank Nuri filed ...
Global
Global: RBA to commence year-long CBDC research project
The Reserve Bank of Australia is to embark on a year-long research project to explore use cases for a central bank digital currency ...
Global
Global: FTC files complaint against paytech First American over alleged “harmful practices”
The Federal Trade Commission (FTC) has taken action against payment processing company First American Payment Systems and two of its sales affiliates for ...
Global
Global: Saudi Arabia among top countries globally for contactless payment adoption: Visa
Saudi Arabia is among the top markets globally for contactless payment adoption, with nine in 10 transactions made with contactless cards or devices ...