FinTech
CFPB’s Decision to Abandon Open Banking Rule: What It Means for Consumers
Exploring the Implications of the CFPB’s Recent Policy Shift on Open Banking RegulationsHighlights: The CFPB has decided to withdraw its proposed open banking rule.This...
FinTech
UK Government Implements New Rules to Tame BNPL Industry
Striking a Balance Between Consumer Protection and Financial InnovationHighlights: The UK government is introducing new regulations for Buy Now Pay Later (BNPL) schemes to...
FinTech
New York Sues DailyPay and MoneyLion Over Alleged Illegal Loans
State Authorities Target Lending Practices to Protect ConsumersHighlights: New York State has filed a lawsuit against DailyPay and MoneyLion for allegedly offering illegal loans.The...
FinTech
House of Representatives Terminates CFPB Oversight of Major Tech Payment Apps
New Developments in Financial Regulation: What the End of CFPB Oversight Means for Consumers and Tech CompaniesHighlights: The House of Representatives voted to eliminate...
FinTech
Americans Lost $3 Billion to Impersonation Scams in 2024
Uncovering the Alarming Rise of Impersonation Scams and Their Impact on ConsumersHighlights: The impersonation scams resulted in a staggering loss of $3 billion for...
FinTech
PSR Criticized for Lack of Vision in Addressing Card Scheme Fees
Calls for Stronger Regulatory Action on Payment Systems RevealedHighlights: The PSR is under scrutiny for implementing insufficient measures regarding card scheme fees.Stakeholders are demanding...
FinTech
Santander Wins Groundbreaking App Fraud Retrieval Case
A landmark legal victory highlights the importance of consumer protection and financial technology security.Highlights: Santander successfully retrieves funds lost due to app fraud.The case...
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