Tag: Regulation
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 products.
Deficient Consumer Compliance Risk...
FCA announces “biggest changes” to the UK’s listing regime “in over three decades”
Summary of FCA Overhauling the UK's Listing Rules
Objective: To support a wider range of companies issuing shares on a UK exchange and increase...
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 a combined $135.6 million.
OCC...
ECB publishes progress update on digital euro preparation phase
ECB Digital Euro Progress Report: Key Points
Preparation Phase Progress:
The ECB's digital euro preparation phase has been underway since November, with good progress...
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...