Tag: Regulation
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...
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 fairly and for lacking appropriate...
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 computing threats in financial services:...
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 to summer holidays.Event Details:...
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 paper to seek feedback on...
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 preventing CBPL from offering services...