Regulators

UK Regulators’ Data Violations Fines Top $126.5M 
UK Regulators’ Data Violations Fines Top $126.5M 
January 20, 2020  |  Security & Fraud

Regulators in the U.K. have levied €114 million ($126 million) in fines for data violations since instituting new stronger privacy mandates in mid-2018, The Financial...

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UK Gambling Watchdog Outlaws Credit Card Bets
UK Gambling Watchdog Outlaws Credit Card Bets
January 14, 2020  |  Payment Methods

In an effort to rein in problem gambling, the U.K. Gambling Commission is banning the use of credit cards for placing bets, the BBC reported...

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EU Regulators Expand Scrutiny On Data Practices – And Bots
EU Regulators Expand Scrutiny On Data Practices – And Bots
January 13, 2020  |  Regulation

It’s a new year, and in Europe, an expansion of scrutiny and laws governing data sharing. The dawn of 2020 brought a spate of new...

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Wells’ Growth Reportedly Hampered By Old Systems, Tech Failures
Wells’ Growth Reportedly Hampered By Old Systems, Tech Failures
January 12, 2020  |  Bank Regulation

Wells Fargo is striving to revamp its approach to technology to ensure systems stay online, satisfy regulators and block cybercriminals, the Wall Street Journal (WSJ)...

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Egyptian Antitrust Reg Conditionally Approves Uber’s Careem Buy
Egyptian Antitrust Reg Conditionally Approves Uber’s Careem Buy
December 29, 2019  |  Partnerships / Acquisitions

Careem, an Egyptian domestic rival to U.S.-based Uber, is set to be acquired by their global competition giant. Regulators approved the $3.1 billion deal after...

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China To Widen Scope Of Blockchain Cross-Border Platform
China To Widen Scope Of Blockchain Cross-Border Platform
December 26, 2019  |  Blockchain

China is in the midst of planning to build out its blockchain cross-border pilot platform, according to Lu Lei, the deputy head of the State...

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Top News In Payments: Goldman To Launch Robo Advisor; Regulators Want Monitoring Of Big Tech Data Use
Top News In Payments: Goldman To Launch Robo Advisor; Regulators Want Monitoring Of Big Tech...
December 09, 2019  |  News

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans...

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UK Regulators Call For Backup Plans Following Bank IT Glitches
UK Regulators Call For Backup Plans Following Bank IT Glitches
December 05, 2019  |  Bank Regulation

U.K. regulators on Thursday (Dec. 5) called on banks and payment firms to set “impact tolerances” for important services after numerous IT failures last year,...

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Regulators Support Alternatives To Assess Creditworthiness
Regulators Support Alternatives To Assess Creditworthiness
December 04, 2019  |  Regulation

Federal banking regulators support using alternative methods to assess creditworthiness to help high-risk people get loans, The Wall Street Journal (WSJ) reported on Tuesday (Dec....

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