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UK Suit Claims Facebook Exploited Personal User Data

Facebook, now known as Meta, faces a fine of over $3.2 billion over allegations that it exploited data and abused its market dominance, Reuters...
crypto

British Watchdog Demands More Power Over Crypto

Britain's Financial Conduct Authority (FCA) called on Monday, September 6, for powers to govern the online promotion of cryptoassets to combat a flood of...

UK: Regulator cracking down on car dealers’ interest-linked commissions

Britain’s financial watchdog is cracking down on the way car dealers and car finance brokers make commission on sales, a move that it claims...

UK: Regulator to clampdown on certain pension transfer fees

The UK’s Financial Conduct Authority (FCA) is proposing a ban on contingent charging and wants to force advisers to demonstrate why their recommended scheme...

UK: Regulators plan “Comprehensive Response” to crypto use

Christopher Woolard of the UK's Financial Conduct Authority (FCA) has indicated that UK regulators are planning a “comprehensive response” to the illicit adoption of...

UK: Watchdog opens investigation into financial services

Britain’s competition watchdog has opened an investigation into “suspected anti-competitive arrangements” in the financial services sector, reported the Financial Times. “The case is at an...

UK: Insurance faces price probe

Regulators are to investigate the insurance industry for potential racial bias and discrimination over the data that companies use to set their prices. The Financial...

UK: FCA wants global effort to speed up fintech innovation

Christopher Woolard, the UK’s Financial Conduct Authority (FCA) Executive Director of Strategy and Competition, delivered a keynote speech on March 19 at the Innovate...

UK: Watchdog fines ex-Deutsche Bank trader over Libor

Britain’s Financial Conduct Authority has fined ex-Deutsche Bank trader Guillaume Adolph £180,000 (US$249,000) for “improperly influencing” quotes used for the Libor interest rate benchmark...

UK and US regulators team up for fintech innovation

The UK’s Financial Conduct Authority (FCA) and the US Commodity Futures Trading Commission (CFTC) announced Monday, February 19, that they had inked a deal...
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