Tag: consumer protection

Finance sector needs its own AI rulebook, study says

Durham University Business School has published a study calling for a dedicated regulatory framework to govern the use of artificial intelligence within financial services. The...

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...

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