Regulation RSS

anti-money-laundering, Capital One, Daily news, Payments News, Regulation, Risk & Compliance -

Capital One has picked up a $390 million penalty from the Financial Crimes Enforcement Network (FinCEN) for engaging in both “wilful and negligent violations of the Bank Secrecy Act (BSA)... more

The post Capital One fined $390 million for anti-money laundering failures appeared first on Payments Cards & Mobile.

Read more

Daily news, FinTech, Regulation -

As the new year begins, and we try to rebuild our economies, we need to rethink the way we regulate finance. That is because the challenges posed by the COVID-19... more

The post Banking regulation needs a reset to remove Big Tech’s advantages appeared first on Payments Cards & Mobile.

Read more

Bitcoin, Cryptocurrency, Daily news, Regulation -

After a sensation 2020 and a manic January 2021, regulators have finally had enough and are sharpening their focus on bitcoin and its use in the international financial system. It... more

The post Bitcoin free wheeling days on the road direct it to further regulatory scrutiny appeared first on Payments Cards & Mobile.

Read more

Daily news, Mobile Banking, Payments News, Products, Regulation -

Revolut has applied to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), the UK regulators, for a full banking license to fuel expansion beyond its FinTech roots.... more

The post Revolut sets its sights on UK banking license appeared first on Payments Cards & Mobile.

Read more

Daily news, Payments News, PayPal, Regulation, U.S. Consumer Financial Protection Bureau -

A federal judge has invalidated part of a U.S. Consumer Financial Protection Bureau rule governing prepaid cards and digital wallets, emphatically agreeing with PayPal that the agency overstepped its authority.... more

The post PayPal wins prepaid and digital wallet case against U.S. CFPB appeared first on Payments Cards & Mobile.

Read more