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New York AG sues Zelle parent, claiming 'massive' fraud losses

/payments

New York AG sues Zelle parent, claiming 'massive' fraud losses

New York's attorney general has sued the operator of bank-backed P2P payments service Zelle for failing to protect users from "massive amounts of fraud".

BVI survey attempts to woo cross-border fintechs

/regulation

BVI survey attempts to woo cross-border fintechs

Fintech’s international expansion plans are being thwarted by a fragmented regulatory landscape, according to recently published research designed to promote the role of international finance centres (IFCs).

Hong Kong to issue first stablecoin licences in early 2026

/crypto

Hong Kong to issue first stablecoin licences in early 2026

Hong Kong's financial regulator has stated that the first stablecoin licences will not be issued this year despite the fact its stablecoin legislation has taken effect as of today.

Visa and Mastercard face another UK class action suit over card fees

/payments

Visa and Mastercard face another UK class action suit over card fees

Visa and Mastercard are facing another multi-billion pound UK class action lawsuit for allegedly unlawful interchange fees.

/crypto

Crypto ATMs seized and arrests made in UK police operation

Two individuals have been arrested on suspicion of money laundering and running an illegal cryptoasset exchange.

Wall Street names announce stablecoin plans

/crypto

Wall Street names announce stablecoin plans

Two of the biggest names on Wall Street are seemingly about to enter the stablecoin market based on comments made by their senior executives.

Judge dismisses antitrust suit against Apple, Visa and Mastercard

/payments

Judge dismisses antitrust suit against Apple, Visa and Mastercard

A US judge has dismissed a lawsuit accusing Apple, Visa and Mastercard of conspiring to suppress competition in the market for point-of-sale payment card services, according to Reuters.

/regulation

Luxembourg House of Financial Technology partners law firm Ogier

Law firm Ogier and the Luxembourg House of Financial Technology (LHoFT) have partnered up to support fintechs in the region with comprehensive legal and regulatory support.

Pair jailed for £1.5m crypto fraud

/crypto

Pair jailed for £1.5m crypto fraud

A UK judge has sentenced two men to a combined 12 years in prison for a £1.5 million cryptocurrency fraud.

UK tribunals rules Visa and Mastercard fees breach competition law

/payments

UK tribunals rules Visa and Mastercard fees breach competition law

The UK's Competition Appeal Tribunal has ruled that Visa and Mastercard's multilateral interchange fees charged to retailers breach European competition law.

Kraken issued crypto licence in Ireland

/crypto

Kraken issued crypto licence in Ireland

Crypto exchange Kraken has become the first company to be awarded a Markets in Crypto Assets (Mica) licence from Ireland's central bank.

Irish bankers concerned about job displacement through AI - survey

/ai

Irish bankers concerned about job displacement through AI - survey

The vast majority of employees in Ireland's financial services believe that the rise of AI will lead to job displacement across the industry, according to a recently released survey.

Sezzle files antitrust suit against Shopify

/payments

Sezzle files antitrust suit against Shopify

BNPL provider Sezzle has sued Shopify, alleging that the e-commerce marketplace has been stifling competition on its platform.

/crypto

My Big Coin founder fined for crypto fraud

The Commodity Futures Trading Commission today announced the U.S. District Court for the District of Massachusetts entered a final default judgement against Mark Gillespie of Michigan, John Roche of California, My Big Coin Pay, Inc., and My Big Coin, Inc., both of Nevada.

/payments

Humans Group initiates arbitration proceedings against the Republic of Uzbekistan

Humans Mobile Ltd (Singapore), part of Humans Group, an international holding company and owner of Humans' business in Uzbekistan, has formally initiated arbitration proceedings against the Republic of Uzbekistan before the World Bank's International Centre for Settlement of Investment Disputes (ICSID Case No. ARB/25/24).

UK court finalises £200m Mastercard settlement

/payments

UK court finalises £200m Mastercard settlement

Mastercard's £200 million settlement of a class action lawsuit brought on behalf of British consumers has been signed off by the Competition Appeal Tribunal in a move that could see millions of shoppers receiving up to £70 each.

BitGo secures EU crypto custody licence

/crypto

BitGo secures EU crypto custody licence

US-based crypto custodian BitGo has become one of the first non-EU firms to secure a licence under the EU's Markets in Crypto Assets (MiCA) directive.

1.2m UK customers affected by February bank outages

/security

1.2m UK customers affected by February bank outages

A major outage suffered by UK high street banks on the last Friday of February affected more than 1.2m customers, according to a recently released House of Commons report.

Ex-Celsius CEO Mashinsky gets 12-year sentence for crypto fraud

/crypto

Ex-Celsius CEO Mashinsky gets 12-year sentence for crypto fraud

Alexander Mashinsky, the former CEO of crypto firm Celsius Network, has been sentenced to 12 years in prison for commodities fraud and securities fraud.

New York sues DailyPay and MoneyLion over 'illegal loans'

/regulation

New York sues DailyPay and MoneyLion over 'illegal loans'

The New York attorney general has sued DailyPay and MoneyLion, accusing the earned wage access providers of charging workers fees that amount to interest rates of up to 750%.

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