Hacker News with Generative AI: Financial Regulation

CFPB: Withdrawal of Rules, Policy Statements, and Advisory Opinions Since 2011 (federalregister.gov)
The Consumer Financial Protection Bureau (CFPB or Bureau) is withdrawing many guidance documents issued since the CFPB assumed its functions in 2011.
Financial Regulation, Government, Consumer Protection, Law
18 points by impish9208 11 days ago | 1 comments
Consumer Watchdog Halts Google Payment Supervision (bloomberg.com)
The Consumer Financial Protection Bureau discontinued its order designating the supervision of Alphabet Inc.’s Google Payment Corp., reversing a Biden-era decision to monitor the nonbank financial platform.
Financial Regulation, Google, Consumer Protection, Antitrust
5 points by JumpCrisscross 15 days ago | 1 comments
Crypto exchange Kraken says SEC to dismiss lawsuit (usatoday.com)
Kraken, one of the world's largest cryptocurrency exchanges, said on Monday the U.S. Securities and Exchange Commission agreed in principle to dismiss a civil lawsuit accusing it of operating illegally as an unregistered securities exchange.
Cryptocurrency, Lawsuits, SEC, Financial Regulation, Kraken
5 points by ceejayoz 80 days ago | 0 comments
It's Time to End the Bureaucrat's Secret Weapon: Debanking (coindesk.com)
"Debanking" has become a buzzword in Washington lately. The term refers to a controversial practice where crypto companies and other businesses have been cut off from banking services, allegedly due to pressure from federal regulators.
Cryptocurrency, Financial Regulation, Banking, Politics
10 points by kristianp 107 days ago | 4 comments
CFPB Orders Wise to Pay $2.5M for Illegal Remittance Practices (consumerfinance.gov)
The Consumer Financial Protection Bureau (CFPB) today ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions, including advertising inaccurate fees and failing to properly disclose exchange rates and other costs.
Financial Regulation, Remittance, Consumer Protection, Fintech
7 points by impish9208 112 days ago | 0 comments
CFPB Orders Operator of Cash App to Pay $175M and Fix Its Failures on Fraud (consumerfinance.gov)
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund.
Financial Regulation, Fintech, Consumer Protection, Fraud
4 points by cbrozefsky 126 days ago | 0 comments
Fed Withdraws from Network of Central Banks for Greening the Financial System (federalreserve.gov)
The Federal Reserve Board on Friday announced it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).
Central Banking, Financial Regulation, Climate Change, Sustainability
6 points by impish9208 126 days ago | 0 comments
'Open banking' rules will put your financial data back where it belongs (theregister.com)
The US Consumer Financial Protection Bureau (CFPB) has finalized a rule that requires banks, credit card issuers, and most other financial firms to provide consumers with access to their personal financial data - and to help them transfer it, generally at no cost.
Financial Regulation, Consumer Protection, Data Privacy, Open Banking
38 points by rntn 208 days ago | 4 comments
Terraform Labs to pay $4.5B in SEC fraud case (ft.com)
Financial Regulation, Cryptocurrency, Legal Settlements
13 points by rntn 345 days ago | 3 comments