Tag: Regulation
Global enforcement fines rise to $5.65bn in Q3 2023
Global enforcement fines rose to $5.65 billion in Q3 2023, marking a 30% increase from the year's start.
Q1 and Q2 fines were...
European regulators agree on new rules for SEPA instant payments
Instant Payments Expansion:
European governing bodies agree on new rules to increase the availability of instant payments.
Banks and payment service providers offering...
FCA calls for “robust frameworks” to detect fraud and support victims
The UK's Financial Conduct Authority (FCA) urges firms to enhance anti-fraud systems.
The FCA's recent review revealed both good and poor practices in...
CFPB targets US fintech firms with proposals for increased regulatory scope
The Consumer Financial Protection Bureau (CFPB) aims to subject large tech firms and neobanks to supervisory examinations similar to traditional banks.
Proposed regulations...
European regulators agree on new rules for SEPA instant payments
New Rules for Instant Payments in Europe
European Council and Parliament agree on rules for instant payments.
Banks and PSPs offering standard euro...
Klarna to establish UK holding company in preparation for billion-dollar IPO
Klarna, the Buy Now, Pay Later (BNPL) giant, plans to establish a new holding company in the UK for its upcoming IPO.
CEO...