Tag: Regulation
FCA Fines Metro Bank £16.7M Over Inadequate Financial Crime Controls
The Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank due to failures in its financial crime monitoring systems...
FTC Challenges Neobank Dave Over Deceptive Marketing and Hidden Fees
The Federal Trade Commission (FTC) has filed a lawsuit against the neobank Dave, claiming the company misled consumers about cash advance amounts and...
FE Fundinfo Acquires Matterhorn to Enhance AIFMD Reporting Services
FE Fundinfo has acquired Matterhorn Reporting Services to enhance its AIFMD reporting capabilities for alternative investment fund managers.
Matterhorn’s expertise in regulatory compliance...
Afin Bank lands AwR banking licence, plots 2025 launch of mortgage offering for UK’s African diaspora
Banking License: Afin Bank has received an Authorized with Restrictions (AwR) banking license from the Prudential Regulation Authority (PRA).
Launch Timeline: The bank...
UK government looks to strengthen BNPL protections with launch of latest consultation
The UK government is proposing new protections for Buy Now, Pay Later (BNPL) users, which will fall under the Financial Conduct Authority (FCA)...
Philadelphia’s Citadel Federal Credit Union agrees to pay $6.5m to settle allegations of redlining
Citadel Federal Credit Union will pay over $6.5 million to settle allegations of redlining in predominantly Black and Hispanic neighborhoods in and around...