Tag: Regulation
TSB Bank fined £10.9m by FCA over handling of customers facing financial difficulty
TSB Bank was fined £10,910,500 by the Financial Conduct Authority (FCA) for failing to treat customers in arrears...
MAS to commence quantum-proofing cybersecurity trials with banks “in the coming months”
Here’s a summary of the collaboration between the Monetary Authority of Singapore (MAS) and various banks to address quantum...
Banking Tech Awards 2024 nominations deadline extended to 6 September
Extended Nomination Deadline:The deadline for nominations has been extended to 6 September 2024 to accommodate delays due...
Bank of England launches discussion paper on “ambitious agenda” for UK’s payments landscape
Bank of England Discussion Paper on Payments Innovation
Key Points:Objective:The Bank of England (BoE) has released a discussion...
Coinbase’s CB Payments unit fined £3.5m by FCA
FCA Fines Coinbase’s CB Payments Ltd (CBPL)
Key Points:Fine Imposed:Amount: £3,503,546 million.
Reason: Alleged breaches of a requirement...
Corlytics hires new CTO, chief data officer and chief tech architect
Corlytics Leadership Reshuffle
New Leadership Appointments:Steve Barnes - Group Chief Technology Officer (CTO)Role: Drive advanced technology solutions, maintain...
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:Objective:Ensure "reasonable access" to cash deposit and withdrawal services for personal and small business current accounts....
FCA lifts partner onboarding restrictions on UK fintech Modulr
Key Points:Lifted Restrictions:The FCA has lifted the temporary partner onboarding restrictions imposed on Modulr last October.Original...
CFPB proposes new rule to include payday advances under Truth in Lending Act
Key Points:Proposed Rule:Payday loan advances would be brought under the same scope as consumer loans.
Fees associated...
US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Key Points:Reason for Fine:Unfair and Deceptive Practices: Violations in marketing, selling, and servicing of prepaid debit card...
FCA announces “biggest changes” to the UK’s listing regime “in over three decades”
Summary of FCA Overhauling the UK's Listing RulesObjective: To support a wider range of companies issuing shares on...
US regulators fine Citigroup $136m for “insufficient progress” towards compliance with 2020 consent order
Fines Imposed:The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board fined Citigroup...