Tag: Regulation
ICYMI fintech funding round-up: Fizz, Torpago, Sibill, WealthOS and more
FinTech Futures Weekly ICYMI Funding Round-Up:
re
:
Funding: $14.6 million Series A
Investors: Entrée Capital, Project A, Felix Capital
Use of Funds: Expand alternative...
Robinhood to acquire Bitstamp in $200m deal
Robinhood to Acquire Bitstamp for $200 Million:
Acquisition Details:
Robinhood is set to buy global cryptocurrency exchange Bitstamp for approximately $200 million.
The deal...
N26 fined €9.2m by BaFin over late submission of suspected money laundering reports in 2022
N26 Fined and Regulatory Updates:
Fine Imposed:
Amount: €9.2 million
Reason: Systematic late submission of suspected money laundering reports in 2022
Regulator: Federal Financial Supervisory...
CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds
Ruling Overview:
Agency: US Consumer Financial Protection Bureau (CFPB).
Decision: Designates buy now, pay later (BNPL) firms as credit card providers.
Reasoning: BNPL...
US CFPB sues SoLo Funds for allegedly “deceiving borrowers about the total cost of loans”
Overview:
Entity Involved: US Consumer Financial Protection Bureau (CFPB).
Target: SoLo Funds, a peer-to-peer (P2P) lending platform.
Allegation: Deceiving borrowers about the total cost...
AI-powered regtech Cube acquires global regulatory intelligence enterprises from Thomson Reuters
Acquisition Announcement:
Cube, a UK-based regtech firm, has acquired the Regulatory Intelligence and Oden products and businesses of Thomson Reuters.
Terms of the...