Latest News – Page 410

TD Bank Penalty: $3 Billion Fine Following Guilty Plea for Money Laundering

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violations of U.S. anti-money laundering federal laws. Court documents reveal that...

JPMorgan Chase Takes Legal Action Against Customers Exploiting Viral ‘Infinite Money Glitch’

JPMorgan is taking legal action against customers who exploited a glitch in the bank's cheque deposit service, allowing them to withdraw significant amounts of cash...

Ireland to Empower National Cyber Security Centre with Emergency Authority

Proposed legislation aims to empower Ireland's cybersecurity agency to monitor all internet traffic in the country during a "pressing national security threat." Richard Browne, director...

Sustainable Finance Live: How Regulations Propel Sustainable Transactions

Regulation and policy play a crucial role in facilitating sustainable transactions on a global scale. Various perspectives on implementing these regulations within the financial services...

More than 62% of UK Residents Identify Mobile App Fraud as Their Primary Concern

62.1% of UK consumers view mobile app fraud as a significant concern, while 50% are also worried about hacking, according to research by the Open...

FCA Launches AI Lab

The FCA is set to launch an AI Lab, aimed at exploring and advancing the applications of artificial intelligence in the financial sector. This initiative...

UK Government Seeks Public Input on New Regulations for Buy Now, Pay Later Services

The UK Government is moving forward with new regulations aimed at safeguarding online shoppers utilizing buy now, pay later (BNPL) products. The Government has initiated...

CFPB Sues Climb Credit for “False Promises and Deceptive Practices”

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Climb Credit and its largest shareholder, 1/0, for allegedly misrepresenting the quality of training...

Norway Becomes Part of Eurosystem’s Instant Payment Service

Norway has finalized a deal to incorporate the krone into the Eurosystem's Target Instant Payment Settlement (Tips) service. The integration of the Norwegian krone into...

Axiom Bank Faces Regulatory Enforcement Action

The Office of the Comptroller of the Currency (OCC) has initiated an enforcement action against Axiom Bank in Florida due to various compliance issues. These...