Tag: consumer protection
AI money managers loom for 10 million UK adults
More than 10 million UK adults could soon see their finances managed by an AI agent, according to a landmark review published this week...
Why silence in FinTech promotions is now a regulatory risk
If the Revolut fine in Italy proves anything, it is that regulators police the gaps in financial promotions just as vigorously as the claims...
FSS moves to embed consumer protection in Korean finance
The Financial Supervisory Service (FSS), South Korea's financial watchdog, has entered into a collaborative agreement with six industry associations and training institutions aimed at...
AI ads face new disclosure rules as New York law bites
New York's synthetic performer law may be narrow in scope, but it carries a broad operational warning for marketers: AI-generated people in advertising have...
ASIC seeks $35m as HSBC admits scam protection gaps
HSBC Bank Australia Limited (HSBC), the Australian arm of one of the world's largest banking groups, is facing a $35m penalty after admitting to...
Yotta Technologies fined $1m over false FDIC claims
Yotta Technologies, a San Francisco-based savings and sweepstakes platform, has been ordered to pay a $1m penalty by California's Department of Financial Protection and...
Parliament receives landmark UK financial services reform bill
The UK government has introduced the Financial Services and Markets Bill to Parliament, a sweeping piece of legislation designed to modernise sector regulation, strengthen...
Revolut faces €11.5m penalty over fee claims
Revolut has been fined €11.5m (£10m) by Italy's competition authority after the watchdog found the London-based FinTech giant had misled customers over the fees...
ASIC’s Moneysmart warns on AI for money guidance
Moneysmart, the consumer education platform operated by the Australian Securities and Investments Commission (ASIC), has published new guidance to help Australians navigate the growing...
OCC targets smarter, risk-based supervision for community banks
The Office of the Comptroller of the Currency (OCC) has set out a fresh package of measures aimed at easing unnecessary regulatory burden on...










