The Federal Trade Commission (FTC) has filed a lawsuit against the neobank Dave, claiming the company misled consumers about cash advance amounts and...
Funding Round: Comun, a US-based fintech serving Latino migrants, has secured $21.5 million in Series A funding led by Redpoint Ventures, with additional...
Extended Nomination Deadline:
The deadline for nominations has been extended to 6 September 2024 to accommodate delays due to summer holidays.
Event Details:
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ECB Licence Granted:
ClearBank Europe N.V., the European branch of ClearBank, has been granted a Credit Institution Licence by the European Central Bank...
ECB Credit Institution Licence:
ClearBank Europe N.V., the European entity of London-based ClearBank, has been granted a Credit Institution Licence by the European...
Bank of England Discussion Paper on Payments Innovation
Key Points:
Objective:
The Bank of England (BoE) has released a discussion paper to seek feedback on...
Key Points:
Reason for Fine:
Unfair and Deceptive Practices: Violations in marketing, selling, and servicing of prepaid debit card products.
Deficient Consumer Compliance Risk...
