October 15, 2024
Regulators Raise Exemption Thresholds Regarding Mortgages, Consumer Credit and Leases
The Consumer Financial Protection Bureau (CFPB) has announced rules related to threshold adjustments for mortgage loan appraisals, consumer credit transactions and consumer lease transactions. All three threshold adjustments will increase,...
October 14, 2024
FIFA Faces EU Antitrust Scrutiny Over Expanded Football Calendar
FIFA, the global governing body for football, is facing increased scrutiny from the European Union’s (EU) antitrust regulators following a complaint lodged by several prominent European football organizations. According to...
October 11, 2024
Tesla’s ‘Cybercab’ Event Shows Autonomy Still More Hollywood Than High-Impact
What has four wheels, two seats, no steering wheel and arrived a few years late? Tesla’s long-awaited robotaxi, which CEO Elon Musk had predicted in 2019 would be launched by 2020....
October 10, 2024
Regulators Tell TD Bank How to Fix AML Failures
TD Bank Group said Thursday (Oct. 10) that it takes full responsibility for the failures of its U.S. Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance programs and will...
October 10, 2024
Enhancing the Effectiveness of Competition Regulation in Malawi
By George Naphambo1 Background According to the United Nations Conference for Trade and Development (“UNCTAD”), the goal of both competition and consumer policies is to enhance consumer well-being2 by...
October 10, 2024
Systems Integrations Move B2B Payments from Stuck to Streamlined
As businesses grow, so do the volume and complexity of their B2B payments. This comes amid news Wednesday (Oct. 9) that FreedomPay has launched a partnership with financial infrastructure platform Stripe designed to...
October 10, 2024
Fidelity Investments Discloses Data Breach Affecting 77,099 Customers
Fidelity Investments has disclosed a data breach that affected 77,099 customers. The breach occurred Aug. 17 and was discovered Aug. 19, the financial services company said in data breach notifications...
October 10, 2024
TD Bank Reportedly Facing $3 Billion Money Laundering Penalty
TD Bank’s American unit is reportedly set to plead guilty to anti-money laundering failures. The Toronto-based bank is expected to pay a roughly $3 billion penalty and agree to limits...
October 10, 2024
Markaaz CEO: SMBs Need a ‘Golden Record’ of Truth to...
If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source of truth, a worldwide registry...