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Latest CFPB Supervisory Highlights Detail UDAAPs Across Range Of Areas - Financial Services - Vimarsana News

Latest CFPB Supervisory Highlights Detail UDAAPs Across Range Of Areas - Financial Services

On July 26, the CFPB released its Summer 2023 Supervisory Highlights reporting unfair, deceptive, and abusive acts or practices (UDAAPs) across a number of consumer financial products...

Source: mondaq.com
SEC v. Terraform Labs Pte. Ltd.: SDNY Judge Rakoff Denies Defendants' Motion To Dismiss SEC's Claims, Rejects The Ripple Court's Interpretation Of The Howey Test - Fin Tech - Vimarsana News

SEC v. Terraform Labs Pte. Ltd.: SDNY Judge Rakoff Denies Defendants' Motion To Dismiss SEC's Claims, Rejects The Ripple Court's Interpretation Of The Howey Test - Fin Tech

On July 31, 2023, Judge Jed S. Rakoff in the Southern District of New York ruled that the U.S. Securities and Exchange Commission (SEC) may proceed with its case against Terraform Labs ("Terraform")...

Source: mondaq.com
TikTok in talks to gain Indonesian payments licence - Vimarsana News

TikTok in talks to gain Indonesian payments licence

JAKARTA, Aug 4 (Reuters) - TikTok told Reuters it is in early-stage talks with regulators to obtain a payments licence in Indonesia, a move that would further its e-commerce ambitions in a major market at a time when it is under intensifying scrutiny in the U.S. and elsewhere. The news follows an announcement by TikTok |

Catawba Indian Nation Passes Banking Code Intended To Attract Fintech Companies - Financial Services - Vimarsana News

Catawba Indian Nation Passes Banking Code Intended To Attract Fintech Companies - Financial Services

Towards the end of April 2023, the Catawba Indian Nation passed a new Banking and Financial Services Code as part of the Tribe's efforts to build a "Digital Economic Zone" that is tailored to attract banks...

Source: mondaq.com
IRS Takes A Stand On Rewards From Staking Activities - Fin Tech - Vimarsana News

IRS Takes A Stand On Rewards From Staking Activities - Fin Tech

Cash method taxpayers that stake cryptocurrency native to a proof-of-stake blockchain and receive additional units of cryptocurrency as rewards when validation occurs...

Source: mondaq.com