Regulatory Developments

New-home sales up for third straight quarter

During the fourth quarter of 2019, new-home sales had the biggest gain in more than two years and the third consecutive quarterly increase. Read on for more details.


Information on shareholder cooperation and acting in concert under the Takeover Bids Directive

Thursday 27 February 2020 14:35 The European Securities and Markets Authority (ESMA) has published an update to its statement on practices governed by the Takeover Bid Directive (TBD), focused on shareholder cooperation issues relating to acting in concert and the appointment of board members. The update concerns a change to…


Wells avoids criminal charges with $3 billion fine

More than three years after its sales practices were cited in a state and federal enforcement action, Wells Fargo agreed to a settlement with the Department of Justice and the Securities and Exchange Commission which will result in a $3 billion fine, but no criminal charges. As part of the settlement, Wells Fargo admitted that … Read more


ABA offers feedback on 1071 surveys

In response to a review under the Paperwork Reduction Act, the American Bankers Association shared its thoughts on aspects of the surveys used to collect data on small business lending as required by Section 1071 of the Dodd-Frank Act. The Consumer Financial Protection Bureau is working to gather information in preparation for promulgating rulemaking under … Read more


Bank of Canada developing CBDC ‘contingency plan’

Central bank could issue CBDC if private sector alternatives become quickly dominant, deputy governor says


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Cybersecurity, Data and AML/Sanctions

Four takeaways from the annual RSA security conference

Thousands of cyber security professionals flocked to San Francisco this week for the annual RSA Conference, where executives, government workers, and researchers gather to talk the latest trends in protecting firms from hackers. This year’s event had the unfortunate timing of coinciding with the coronavirus outbreak, which led to companies like IBM, AT&T, and Verizon dropping … Read more


Sifma offers recommendations following Quantum Dawn cybersecurity exercise

Sifma today released the summary of key recommendations from its biennial Quantum Dawn cybersecurity…


FCA data leak branded “embarrassment”, former CEO called for review

The Financial Conduct Authority (FCA), the UK regulator which fines financial institutions for data breaches, has admitted to its own data breach after victims of the collapsed savings firm London Capital & Finance (LCF) were sent messages by scammers. LCF customers, including the prolific Brexiteer businessman Aaron Banks, were among 1,600 people whose names, addresses … Read more


Can I move my data to the EU before Google shifts it to the US?

Post-Brexit, Sean wants to keep his data protected by the EU’s GDPR rather than laxer US privacy laws Given Google’s recent announcement about moving UK users’ data to US jurisdiction, what’s the best way to migrate to EU-based services? Can you download+upload or crossload your Gmail to another service? And are we in for the … Read more


Connected Home Switches On New Funding And Tech Advances

The connected home received some juice yesterday as software company Plume closed an $85 million round of financing from Charter Communications, Qualcomm, Belkin and Service Electric Cablevision. The round brings the company’s total equity funding to $127 million. It comes a day after the Telecom Infra Project (TIP) adopted technologies from Plume and other companies … Read more


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Cryptsy CEO Stole Millions From Exchange, Court Receiver Alleges

Cryptsy CEO Paul Vernon may have stolen as much as $3.3m from the now-defunct digital currency exchange and destroyed evidence of his illicit actions. That’s according to new court documents from the ongoing class action lawsuit filed against the troubled industry exec. A report from court-appointed receiver James Sallah, published on 2nd August, details efforts to … Read more


Bittylicious Extends Credit Card Payments to Altcoin Buyers

Bittylicious now allows users to purchase all of its available altcoins with MasterCard and Visa credit and debit cards. The UK-based bitcoin brokerage first announced support for credit card payments this May when it added the payment option for bitcoin buyers. Bittylicious accepts bank transfers, cash payments and select mobile payments services such as Barclays Pingit, though … Read more


Leading Altcoin Developers Speak Out Against New York’s BitLicense Proposal

New York’s proposed bitcoin regulations have been the subject of increasing criticism in recent weeks, with a wide variety of industry leaders coming forward to criticize the laws for their lack of clarity and for putting up unnecessary obstacles to the ecosysem’s future growth. One element of the BitLicense proposal that has proved controversial is how … Read more


New Conference to Highlight Isle of Man’s Growing Bitcoin Economy

Lieutenant Governor and the British Queen’s personal representative Adam Wood is set to headline the first annual Crypto Valley Summit on the Isle of Man next month. The event, set for 17th and 18th September, will spotlight a diverse crowd of bitcoin thinkers, government representatives and business leaders will include BTC China founder and CEO … Read more


All Things Alt: McShibe Burgers, E-Sports Currencies and a Game of Coins

There have been some exciting (and kind of bizzare) developments in the past week and a half in the alternative digital currency world. Unfortunately, in an ecosystem of hundreds of coins, one can only hope to get a taste of what’s happening amid all the activity. With July underway and the summer of 2014 shaping up … Read more


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Banking, Finance and Investment

LuxTag Claims First Successful Security Token Offering in Malaysia, Offering Accepts BTC and XEM

LuxTag has closed on a $360,000 token offering according to a note from the company. The crowdfunding round saw 51% of the funds denominated in Bitcoin and XEM (NEM).  LuxTag claims to be Malaysia’s very first successful token offering. The securities offering was hosted on… Read More The post LuxTag Claims First Successful Security Token … Read more


Kapilendo CEO Christopher Grätz Discusses First Digital Security Offering, Digital Banking Services for SMEs

Kapilendo is a Germany based Fintech that started life as a more traditional debt-based crowdfunding platform but has recently issued its first digital security. While moving into the blockchain sector Kapilendo has also added digital banking services catering to SMEs. Launched in 2015, Kapilendo went… Read More The post Kapilendo CEO Christopher Grätz Discusses First … Read more


Overfunding: Investment Mobile App Wombat Invest Surpasses £250,000 Through Seedrs Campaign

Wombat Invest, a UK-based investment app, has successfully secured its initial £250,000 equity crowdfunding target on funding portal, Seedrs. The company is currently offering 9.07% in equity through the funding round, at a £2.5 million pre-money valuation. The latest crowdfunding campaign comes less than two… Read More The post Overfunding: Investment Mobile App Wombat Invest … Read more


Monzo Set to Offer Credit Score Monitoring for Customers

UK challenger bank Monzo announced on Monday that its users will soon have the option of credit monitoring through its mobile banking app. Monzo revealed that users will be able to see their scores in just a few taps without any need to fill out… Read More The post Monzo Set to Offer Credit Score … Read more


JP Morgan plans launch of digital consumer bank in UK

JP Morgan is understood to be launching a range of savings and loan products under its Chase brand in the UK over the next few months, Sky News reports. Due to hold an investor day this week, the bank – which is the world’s biggest lender by market capitalisation – will announce its growth strategy, … Read more


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