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CFPB Seeks To Expand Regulatory Powers Over Consumer Payment Tech Entities - Financial Services - Vimarsana News

CFPB Seeks To Expand Regulatory Powers Over Consumer Payment Tech Entities - Financial Services

On November 7, 2023, the Consumer Financial Protection Bureau ("CFPB") issued a proposed rule that would grant it supervisory authority over major nonbank technology companies...

Source: mondaq.com
The Other FTX Case - Fin Tech - United States - Vimarsana News

The Other FTX Case - Fin Tech - United States

The allegations at the heart of the trial of Sam Bankman-Fried, or "SBF" as he has come to be known, paint a picture of a large-scale fraud — sweeping in scope, but limited to the misadventures...

Source: mondaq.com
Regulating The Future: CFPB Proposes Oversight Of Digital Payment Giants - Fin Tech - Vimarsana News

Regulating The Future: CFPB Proposes Oversight Of Digital Payment Giants - Fin Tech

In a significant expansion of its regulatory reach, the Consumer Financial Protection Bureau (CFPB) unveiled a proposal on November 7...

Source: mondaq.com
Cyber Insurance: What Is It And What Does It Cover? - Insurance Laws and Products - Vimarsana News

Cyber Insurance: What Is It And What Does It Cover? - Insurance Laws and Products

Cyber breaches cost organizations a ton of money. Today, the average price tag for a cyber breach is $4.45 million worldwide, up 15.3% from 2020, according to IBM.

Source: mondaq.com
CFPB Wants To Oversee Large Nonbank Digital Payment Providers - Fin Tech - Vimarsana News

CFPB Wants To Oversee Large Nonbank Digital Payment Providers - Fin Tech

Yesterday the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking (NPRM) that, according to the agency, aims to "crack down on [fintech] regulatory arbitrage by ensuring large technology firms...

Source: mondaq.com