Regulations news and trends

Mastercard: Building Trust Into the Blockchain Unlocks Its Cross-Border Potential

November 08, 2024
blockchain concept
What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
Regulation // November 06, 2024

As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the House is still up for grabs as of Wednesday morning (Nov. 6). There’s at least some uncertainty removed from the...

FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users
Regulation // November 06, 2024

The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not on the level. The Federal Trade Commission (FTC) is taking Delaware-based Dave Inc. to court, according to a Tuesday (Nov....

A Pro-Crypto President: What Trump 2.0 Holds for Blockchain’s Future
Cryptocurrency // November 06, 2024

The price of bitcoin hit a new all-time high Wednesday (Nov. 6), and America elected a new president. The two are far from unrelated. Following the projected victory of Donal Trump in the U.S. presidential elections, bitcoin briefly shot north of $75,000, breaking the prior...

Penalties Loom Large for Unclaimed Property Reporting Missteps
Regulation // November 06, 2024

Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states in which they are doing business, another reporting season stretches into November, where they must review records for unclaimed funds...

Interviews & Exclusives
Mastercard: Building Trust Into the Blockchain Unlocks Its Cross-Border Potential

November 08, 2024
Until recently, blockchain’s potential impact within payments and commerce has been, well, somewhat blocked. But increasingly, financial service giants are turning their attention to unlocking the potential of blockchain platforms as the technology continues to mature and evolve how value moves across the globe. “Blockchain technology, and public blockchains in particular, are opening up a […]

Penalties Loom Large for Unclaimed Property Reporting Missteps

November 06, 2024
Tax season is officially over — even the Oct. 15 extension deadline has come and gone. But for banks and corporates, depending on the states in which they are doing...

Rule 1033 Explained: How the CFPB’s Data Sharing Standards Could Reshape Banking

November 05, 2024
The Consumer Financial Protection Bureau’s finalized rule on data sharing has its share of supporters and detractors. Those in favor of the new mandates — and as described by the...

The Two Things That CFOs and Treasurers Want From Working Capital Solutions

November 04, 2024
The economy is unpredictable, and companies are clamoring for on-demand working capital solutions that can be tailored to their unique needs. Imagine a world where your bank knows your business...

Quick Reads
FTC Accuses Digital Banking Platform Dave of Charging Undisclosed Fees to Users

November 06, 2024
The name of online banking platform Dave suggests a dependable friend. But after fielding consumer complaints, a regulator says Dave’s cash advance app is not on the level. The Federal Trade Commission (FTC) is taking Delaware-based Dave Inc. to court, according to a Tuesday (Nov. 5) press release, alleging deceptive marketing practices and charging fees […]

Singapore Responds to ‘Strong Interest’ in Asset Tokenization

November 04, 2024
Singapore’s banking regulator announced plans to promote tokenization in the financial services industry. The Monetary Authority of Singapore (MAS) said the effort will include deepening the liquidity of tokenized assets...

Regulators Warn Against Improper Billing of Medicare Recipients

November 01, 2024
Two federal agencies warned healthcare providers, Medicare Advantage plans and debt collectors not to improperly bill Qualified Medicare Beneficiary recipients (QMBs), who generally cannot be billed for cost-sharing by healthcare...

FTC Begins Refunding $2.5 Million in Credit Karma Deception Case

October 31, 2024
The Federal Trade Commission is issuing payments to consumers misled by deceptive claims from Credit Karma. The FTC is sending checks and PayPal payments to 50,994 consumers, adding up to...