Latest Regulation & Compliance News: Finextra Research

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%.

16 April 2025

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Inside the tech behind the transformation: Sponsors announced for NextGen Nordics

Ever wanted to be in the same room as the senior executives leading payments innovation across the Nordics and Europe? NextGen Nordics on 29 April 2025 at the Münchenbryggeriet in Stockholm, Sweden, is your chance to hear from the technology vendors that are supporting financial institutions expertly navigate a convoluted web of regulations, at a time when fraud is at an all-time high and consumer experience must be kept front of mind.

15 April 2025

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Major US banks dial down information sharing with OCC after email hack

JPMorgan Chase and Bank of New York Mellon have reportedly scaled back electronic information sharing with the Office of the Comptroller of the Currency (OCC) following a significant breach of the regulator’s email system.

15 April 2025

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16 game-changing startups to pitch at EBAday’s Fintech Zone in Paris

EBAday, the premier conference for payments and transaction banking executives, set to take place on 27-28 May 2025 at the Carrousel du Louvre in Paris, will yet again feature a dedicated Fintech Zone where 16 innovative startups have been selected to showcase their products to senior decision-makers in the European payments industry.

14 April 2025

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UK RegTech NorthRow explores sale

UK RegTech platform NorthRow has appointed boutique investment advisory firm Lazarus Consulting to explore options for growth investment or a full sale of the business.

14 April 2025

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Tisa calls on UK regulators to clamp down on AI search engines

The Investing and Savings Alliance (Tisa) is calling on UK regulators to protect consumers from the ‘wild west’ of AI search engines.

14 April 2025

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Nikhil Rathi reappointed as FCA CEO

UK Chancellor Rachel Reeves has confirmed that Nikhil Rathi has been reappointed as chief executive of the Financial Conduct Authority (FCA), extending his term until 2030.

11 April 2025

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Tackling fraud: Learn how to build smarter defences at NextGen Nordics

As real-time payments gain momentum, financial institutions are faced with attempting to deliver seamless digital payment experiences while also mitigating against sophisticated fraudsters. This year’s NextGen Nordics event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will spotlight how the industry is redefining fraud prevention in the era of instant payments.

11 April 2025

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Block to pay $40m penalty for AML failures

Block will pay a $40 million penalty to New York regulators for "significant failures" in anti-money laundering programme and virtual currency compliance failures on its Cash App platform.

11 April 2025

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House of Representatives kills CFPB oversight of Big Tech payment apps

The US House of Representatives has followed the Senate in voting to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants such as Apple, Google and X, that offer digital payment apps and wallets.

10 April 2025

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BofE eyes AI's risk to financial stability

As firms integrate more advanced AI-based analysis into their core trading and investment activities, regulators need to vigilant about potential financial stability risks, the Bank of England's Financial Policy Committee warns.

10 April 2025

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Wise to build Hyderabad hub

UK-based fintechs Wise and Revolut are both doubling down in India, with the former building a hub in Hyderabad that will employ hundreds of new and the latter securing a license to issue prepaid cards and wallets in the country.

10 April 2025

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