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The Federal Trade Commission is investigating how companies including Mastercard and JPMorgan Chase use AI and personal data for services that let firms set different prices for different people.
24 July 2024
The FCA is preparing to lift restrictions on the onboarding of new customers at UK fintech firm Modulr subject to advance notification.
22 July 2024
The Federal Reserve has fined Green Dot $44 million for "numerous" unfair and deceptive practices in the marketing, selling and servicing of its prepaid cards and its tax return preparation payment services.
The FCA has told financial firms to do more to ensure politically exposed persons (PEPs) and their families are not treated unfairly.
19 July 2024
Standard Chartered is among the firms picked to join Hong Kong's new stablecoin issuer sandbox. The announcement comes a day after the island's regulators said they will soon propose a regulatory regime for stablecoin issuers.
UK regulators are calling for feedback on the benefits and risks digital wallets from Big Tech giants such as Apple and Google bring to people and businesses.
16 July 2024
Citi has been fined $135.6 million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order.
12 July 2024
Apple has staved off massive European Commission fines by agreeing to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers.
11 July 2024
This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.
Lithuania has fined crypto outfit Payeer a record EUR9.3 million for Russia-related sanction violations and money laundering failures.
10 July 2024
Following UBS’s takeover of Credit Suisse earlier this year, Swiss consumer pricing supervisor has put the bank under observation amid competition concerns that could bring about higher loan charges.
05 July 2024
Keir Starmer’s Labour Party wins by majority in the UK general election that took place yesterday.
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