Starling Bank confirms that it fully accepts the findings set out in the Final Notice published today by the Financial Conduct Authority (FCA). This reportedly resolves the investigation referred to in Starling Bank’s annual report in June 2024. Starling notes in a release that it… Read More
SteelEye notes that it has been a year since the $549 million fine was imposed by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on 13 major Wall Street firms “for failures in record-keeping of off-channel communications.” Steeleye mentioned… Read More
FINTRAC announced that it has imposed an administrative monetary penalty on Binance Holdings Limited, also operating as Binance Holdings (IE) Ltd., Binance.com, Binance Global and Binance. This foreign money services business was “imposed an administrative monetary penalty of $6,002,000 on May 7, 2024 for non-compliance… Read More
The Federal Trade Commission will require Experian Consumer Services, which offers consumers access to their Experian credit information, “to pay $650,000 to settle charges it sent consumers unsolicited email without offering them a way to opt out of such messages, as required under the CAN-SPAM… Read More
China’s regulatory authorities revealed on Friday (July 7, 2023) a 7.12 billion yuan (approximately $984 million) fine for Ant Group, a decision that effectively ends a lengthy regulatory revamp of the Fintech firm while marking an important step to concluding a massive crackdown on the… Read More
The UK’s Prudential Regulatory Authority (PRA) has imposed a financial penalty on Metro Bank plc “of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance,… Read More
The Consumer Financial Protection Bureau took action against online payment platform Dwolla for deceiving consumers about its data security practices and the safety of its online payment system, according to a release. The CFPB ordered Dwolla to pay a $100,000 penalty and fix its security… Read More
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