Cryptocurrency
fromFast Company
2 months agoHUD is eyeing a crypto experiment. Some government workers are concerned
HUD is exploring cryptocurrency for federal grants, raising concerns over volatility and crime.
#financial-regulation
#financial-regulation
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#cfpb
US politics
fromNon Profit News | Nonprofit Quarterly
2 months agoConflict at the Consumer Finance Protection Bureau: What's at Stake? - Non Profit News | Nonprofit Quarterly
The CFPB faces significant challenges under the Trump administration aimed at reducing its power and potential impact on consumer protection.
EU data protection
fromThe Verge
2 months agoDOGE wants to lay off the 'vast majority' of CFPB workers, employees say
The Consumer Financial Protection Bureau faces significant downsizing, raising serious concerns about consumer protections and data management.
Employees report hasty layoffs and inadequate planning for consumer protection roles at the CFPB.
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fromLondon Business News | Londonlovesbusiness.com
1 month agoRegulator proposals on card fees 'fall well short' of what is needed, says the BRC - London Business News | Londonlovesbusiness.com
"Today's consultation represents a failure of vision by the PSR. Their proposed remedies fall well short of the robust measures needed to tackle the harms that have arisen from the dominance of the card scheme operators."
UK politics
#fca
UK news
fromwww.theguardian.com
2 months agoFinancial watchdog scraps plan to name and shame' UK firms under investigation
FCA won't proceed with public naming of firms under investigation due to lack of consensus and governmental pressure.
UK politics
fromwww.theguardian.com
2 months agoPeers working for City firms dominate Lords panel scrutinising financial sector
The new Lords committee on financial services regulation may have conflicts of interest due to its members' ties to the industry.
Artificial intelligence
fromData Matters Privacy Blog
2 months agoEIOPA Publishes Consultation on Opinion on AI Governance and Risk Management | Data Matters Privacy Blog
EIOPA's Opinion outlines governance and risk management principles for AI systems in insurance, emphasizing responsible use and risk assessment.
London startup
fromLondon Business News | Londonlovesbusiness.com
2 months agoWhy PCP claims could skyrocket in 2025 - London Business News | Londonlovesbusiness.com
The FCA's investigation may lead to a significant number of compensation claims from British motorists regarding mis-sold car finance agreements.
fromComputerWeekly.com
4 months agoA guide to DORA compliance | Computer Weekly
The Digital Operational Resilience Act (DORA), effective from January 16, 2023, mandates that financial organizations fortify their systems against digital disruptions to ensure operational resilience in the EU.
Information security
fromBusiness Insider
4 months agoBuy-now-pay-later services make it very easy to spend - and influencers are sounding the alarm
"I was definitely one of those people that was very susceptible to influencers. When someone put out a new necklace, I instantly wanted that necklace ... I would put it on Klarna just so I could have it."
Miscellaneous
fromFast Company
4 months agoHow might Trump's SEC pick handle Wall Street? Experts weigh in
During his tenure, Atkins was often critical of the SEC's enforcement actions, suggesting that regulators focused too heavily on minor infractions, and called for a more cooperative approach to compliance.
Miscellaneous
Cars
fromBusiness Matters
5 months agoCar finance crisis set to cost billions and dent investor confidence, warns Lloyds boss
The UK car finance crisis threatens economic stability, fueled by a Court of Appeal ruling against banks' practices.
Investor confidence is declining due to regulatory uncertainties and legal decisions impacting the economy.
fromwww.housingwire.com
5 months agoChris Whalen explores potential GSE conservatorship changes
Whalen emphasizes that bringing Fannie Mae and Freddie Mac out of conservatorship without legislation is a complex process that could take years, and it requires immediate action from the new FHFA director to prepare for changes in the market.
Real estate
Business
fromFortune
5 months ago'Let the banks be banks'-Trump's U.S. Treasury nominee has $23 trillion bank sector champing at the bit
Scott Bessent's potential confirmation as Treasury Secretary may bring significant regulatory changes to the banking sector, influencing $24 trillion in U.S. bank assets.
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