Legal & Regulation

Bank Regulation
OCC Hikes Assessment Rates for Large Banks
November 27, 2024

America’s banking regulator says that it’s costing more to supervise the country’s largest financial institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Legal & Regulation
UK’s FCA Seeks Comments on Streamlining Investor Protection Rules
November 27, 2024

The United Kingdom’s Financial Conduct Authority launched a consultation on proposals to transfer firm-facing requirements of the Markets in Financial Instruments Directive Organisational Regulation (MiFID Org Reg) into FCA Handbook rules. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Bank Regulation
FSB Assigns Lower Capital Requirement to Bank of America
November 26, 2024

Two of the 29 global systemically important banks (G-SIBs) moved to different “buckets” in 2024, meaning they will have a higher or lower capital requirement than they did before, the Financial Stability Board (FSB) said Tuesday (Nov. 26). Get the Full Story Complete the form to...

Legal & Regulation
FTC: Evolv Oversold Abilities of AI-Powered Weapon Detector
November 26, 2024

The FTC has accused Evolv Technologies of overstating the capabilities of its in-school weapons-detection system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

ANTITRUST
Apple Ordered to Lift In-App Purchase Restrictions in Brazil
November 26, 2024

Yet another antitrust regulator has taken issue with Apple’s in-app payment system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Legal & Regulation
EC: Bluesky Breaches Rules by Not Disclosing Number of Users
November 25, 2024

A European Commission spokesman reportedly said Monday (Nov. 25) that social media platform Bluesky is breaching European Union (EU) rules by not disclosing how many users it has in the EU and where it is legally established. Get the Full Story Complete the form to...

Legal & Regulation
UK’s FCA Aims to Support Competitiveness of Financial Services Sector
November 25, 2024

The United Kingdom’s Financial Conduct Authority (FCA) has launched an economic research competition that will award four winners up to 30,000 pounds (about $37,726) to research how regulation can support the country’s economic growth. Get the Full Story Complete the form to unlock this article...

Bank Regulation
Lawmakers Question US Banking Relationship With Hong Kong
November 25, 2024

Two U.S. lawmakers reportedly want the country to rethink its banking relationship with Hong Kong. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Bank Regulation
Report: TD Bank Close to Adding Compliance Monitors
November 25, 2024

TD Bank reportedly is working to select compliance monitors to track its progress on risk and controls and report to regulators, as ordered by the U.S. government in October. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...