UK Will Regulate Crypto Like Other Financial Services
Pymnts 10/30/2023
Included in that plan is the government’s intent to “bring a number of cryptoasset activities into the regulatory perimeter for financial services for the first time,” the U.K. Treasury said in its announcement Monday…
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Biden-Harris Administration, CFPB, And FTC Take New Steps To Eliminate “Junk Fees”
Mondaq 10/30/2023
On October 11, the Biden-Harris administration, through the Bureau of Consumer Financial Protection (CFPB) and Federal Trade Commission (FTC), announced new actions aimed at cracking down on so-called “junk fees” across all industries…
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FTC Amends GLBA Safeguards Rule to Require Reporting of Certain Data Breaches
Privacy World 10/30/2023
On October 27th, the Federal Trade Commission (the “FTC”) announced that it approved an amendment to the Safeguards Rule promulgated under the federal Gramm-Leach-Bliley Act (the “Safeguards Rule”) requiring non-bank financial…
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ESG Around The World: The UK
Law360 10/30/2023
By Katie Carter, Philippa List and Mikhaelle Schiappacasse (October 30, 2023, 5:21 PM EDT) — ESG investing has recently become …
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Biden directs federal agencies to consider new regulation of AI
Banking Journal 10/30/2023
President Biden today issued a sweeping executive order directing federal agencies to review and possibly draft new rules governing the use of artificial intelligence across multiple sectors of the economy, including financial services…
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