Latest Results from /regulation
/regulation
SoFi's self-directed retail brokerage unit has been fined $1.1 million by financial regulator Finra over ID verification failures that enabled thieves to steal $8.1 million from the accounts of customers at other financial institutions.
4 hours
Digital banking giant Chime will pay more than $4.5 million to settle with the Consumer Financial Protection Bureau for illegally delaying consumer refunds.
21 hours
Trading platform Robinhood says its cryptocurrency arm has received a Wells notice from the Securities and Exchange Commission, indicating that the US regulator is set to take enforcement action.
07 May 2024
Wells Fargo has joined JP Morgan in revealing that US authorities are investigating the handling of complaints about P2P payments service Zelle.
06 May 2024
The head of the Financial Conduct Authority (FCA) has been summoned to parliament to explain why work on the regulator's 'naming and shaming' proposal has not been halted.
03 May 2024
BlueSnap and its former CEO have settled with the Federal trade Commission (FTC) for knowingly processing payments for "deceptive and fraudulent" companies.
02 May 2024
The Digital Token Identifier Foundation (DTIF) has announced that its Digital Token Identifier (DTI) will be deployed for the regulatory reporting of digital asset derivative trades across the G20.
Researchers from Elliptic, IBM Watson and MIT have used AI to detect money laundering on the Bitcoin blockchain.
Artificial intelligence (AI) and cloud computing are rapidly changing the way payments services providers (PSPs) operate.
01 May 2024
Denmark-based digital challenger bank Lunar has raised EUR24.1 million as it bolsters its capital position for a push across the Nordics.
Payment firms have been warned by the Bank of England that they need to step up their preparations for new 'operational resilience' standards that will come in next year.
The founder of crypto exchange Binance, Changpeng "CZ" Zhao, has been sentenced to four months in prison in the US after pleading guilty to violating anti-money laundering requirements.
30 April 2024
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