TechREG

Today in TechREG: CFPB Wants Other Agencies to Follow Its Views
Today in TechREG: CFPB Wants Other Agencies to Follow Its Views
May 17, 2022  |  Technology

Today in TechREG, Securities and Exchange Commission (SEC) Chair Gary Gensler reminded investors that crypto assets are “highly speculative” and the agency will continue policing the...

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Today in TechREG: ECB’s Official Praises Euro CBDC Over Stablecoins; New EU Credit Consumer Rules May Come by Summer 
Today in TechREG: ECB’s Official Praises Euro CBDC Over Stablecoins; New EU Credit Consumer Rules...
May 16, 2022  |  Technology

Today in TechREG, two top officials of central banks have criticized crypto assets and the disruption these could bring to the international financial system if...

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NY’s Fin Services Regulator Says Faster Money Movement Bears Closer Scrutiny
NY’s Fin Services Regulator Says Faster Money Movement Bears Closer Scrutiny
May 16, 2022  |  Regulation

“We’re seeing financial services in places where we’ve not been not used to seeing financial services.” New York State Department of Financial Services Superintendent Adrienne Harris noted to...

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Stablecoin Collapse Heightens Calls for Crypto Controls Worldwide
Stablecoin Collapse Heightens Calls for Crypto Controls Worldwide
May 13, 2022  |  Cryptocurrency

Calls for global cryptocurrency regulation are growing louder and could be in place within a year. Grouping crypto with problems like climate change and COVID,...

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Changes in Open Banking, Fraud Key to Boost Digital Payments, Says UK Regulator
Changes in Open Banking, Fraud Key to Boost Digital Payments, Says UK Regulator
May 13, 2022  |  Regulation

The U.K. Payment System Regulator’s (PSR) panel issued recommendations on May 10 to eliminate barriers for consumers and merchants to access digital payments in the...

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Yellen: Terra’s Fall Shows Stablecoin Dangers
Yellen: Terra’s Fall Shows Stablecoin Dangers
May 12, 2022  |  Cryptocurrency

U.S. Treasury Secretary Janet Yellen on Thursday (May 12) called for new regulations on stablecoins, citing the dramatic fall of the Terra token. “I wouldn’t...

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EBA Warns About Non-Bank Lenders, Recommends Regulatory Changes 
EBA Warns About Non-Bank Lenders, Recommends Regulatory Changes 
May 12, 2022  |  Bank Regulation

The European Banking Authority (EBA) has warned that the largely unharmonized regulatory regimes across Europe regarding non-bank lending may create challenges for stakeholders, including regulators,...

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UK Regulator Fines Four NatWest Banks for Interchange Fee Violations
UK Regulator Fines Four NatWest Banks for Interchange Fee Violations
May 12, 2022  |  Regulation

Four NatWest Group banks — National Westminster Bank, Royal Bank of Scotland, Ulster Bank and Coutts & Co. — were hit with fines totaling $1.9...

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EU Parliament Discusses AI Act With Agreement in Sight 
EU Parliament Discusses AI Act With Agreement in Sight 
May 12, 2022  |  artificial intelligence

The EU Parliament discussed Wednesday (May 11) a draft report with the proposed amendments to the Artificial Intelligence Act, and while the different parties seem...

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