financial regulation

Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system. This may be handled by either a government or non-government organization.

Source: en.wikipedia.org

CFPB Loses Bid to Reinstate Cap on Credit Card Late Fees
CFPB Loses Bid to Reinstate Cap on Credit Card Late Fees
December 08, 2024  |  CFPB

A federal judge has upheld an order blocking a cap on credit card late fees. U.S. District Judge Mark Pittman in Fort Worth declined last...

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Trump Considering ‘Pretty Significant’ Changes to CFPB
Trump Considering ‘Pretty Significant’ Changes to CFPB
November 24, 2024  |  CFPB

President-elect Donald Trump and congressional Republicans are reportedly considering sweeping changes to the Consumer Financial Protection Bureau (CFPB). The GOP hopes to curtail the powers...

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Barclays Calls on Ex-CEO to Fight $50 Million UK Fine
Barclays Calls on Ex-CEO to Fight $50 Million UK Fine
November 24, 2024  |  Legal

Barclays has reportedly asked ex-CEO John Varley to help it challenge a $50 million fine. The British banking giant will appear before the upper tribunal...

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FTC Refunds $1.9 Million to Victims of Credit Bureau Center Scam
FTC Refunds $1.9 Million to Victims of Credit Bureau Center Scam
November 21, 2024  |  News

The FTC is refunding $1.9 million to victims of a “free” credit report scam. The refunds stem from a 2017 lawsuit by the Federal Trade...

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Elizabeth Warren: TD Bank Execs Should Have Been Prosecuted
Elizabeth Warren: TD Bank Execs Should Have Been Prosecuted
November 03, 2024  |  AML

Last month, the Justice Department settled an anti-money laundering probe into TD Bank. But according to U.S. Sen. Elizabeth Warren, D-Mass., the $3 billion the...

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Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
Treasury Calls for Federal Payments Framework, but Key Details Remain Unclear
October 18, 2024  |  Regulation

Through the past several weeks and months, the drumbeat’s grown louder for regulations at the federal level to govern nonbanks — especially FinTechs, neobanks and...

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FCA Chair Allegedly Revealed Whistleblower’s Identity
FCA Chair Allegedly Revealed Whistleblower’s Identity
August 25, 2024  |  Regulation

The head of England’s financial watchdog has reportedly been accused of violating a whistleblower’s confidentiality. Ashley Alder, chair of the Financial Conduct Authority (FCA), allegedly...

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UK’s FCA Announces Proposals, Rules to Strengthen Capital Markets
UK’s FCA Announces Proposals, Rules to Strengthen Capital Markets
July 26, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority (FCA) proposed new rules on publishing a prospectus, raising capital and regulating secondary markets, and finalized new rules on...

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International Financial Stability Board Chair: Non-Bank Vulnerabilities Threaten Financial System
International Financial Stability Board Chair: Non-Bank Vulnerabilities Threaten Financial System
July 22, 2024  |  Regulation

A top global financial watchdog says the “shadow banking” sector needs more regulation. Writing Monday (July 22) to a group of finance ministers and central...

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