Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a new savings account product with a higher interest rate than its existing savings account products. The regulator sent the bank...
Two affiliates of J.P. Morgan Chase & Co. — J.P. Morgan Securities (JPMS) and J.P. Morgan Investment Management (JPMIM) — agreed to pay $151 million in combined civil penalties and voluntary payments to investors to settle four enforcement actions brought by the Securities and Exchange...
The Securities and Exchange Commission (SEC) has charged four current and former public companies with making misleading cyber disclosures. The agency alleged that Avaya Holdings, Check Point Software Technologies, Mimecast and Unisys minimized a cybersecurity incident in their public disclosures after learning that a threat...
Cryptocurrency and Web3 technologies are supposed to represent the future of finance, offering a decentralized and borderless world where money, data and assets flow freely. Despite progress and setbacks, however, the advance guard of a hypothetical future-fit financial sector is fighting the same historical battles...
August 09, 2024
One of the longest running legal cases impacting crypto’s regulatory future is potentially nearing resolution. The case, between cryptocurrency company Ripple Labs and the U.S. Securities and Exchange Commission (SEC), centers around whether Ripple’s XRP token is a security and has gone through several iterations since its 2020 start. On Wednesday (Aug. 7), the scales of justice fell […]
July 17, 2024
When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come to being popularly tagged SCOTUS...
July 04, 2024
Halfway through 2024, and the cryptocurrency and blockchain space finds itself at a critical juncture. It is the same critical juncture, or at least one strikingly similar, that the crypto...
May 14, 2024
The FinTech landscape may be altered by go-private deals, as private equity firms and other corporates find value in the space — and where, arguably, valuations don’t reflect the potential...
November 01, 2024
Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a new savings account product with a higher interest rate than its existing savings account products. The regulator sent the bank a Civil Investigative Demand in August after Capital One was […]
November 01, 2024
Two affiliates of J.P. Morgan Chase & Co. — J.P. Morgan Securities (JPMS) and J.P. Morgan Investment Management (JPMIM) — agreed to pay $151 million in combined civil penalties and...
October 22, 2024
The Securities and Exchange Commission (SEC) has charged four current and former public companies with making misleading cyber disclosures. The agency alleged that Avaya Holdings, Check Point Software Technologies, Mimecast...
October 08, 2024
Calling it a “misguided” federal agency, Crypto.com has sued the Securities and Exchange Commission (SEC). The suit, filed Tuesday (Oct. 8), came after the cryptocurrency company received a Wells notice...
