Tag #Financial Regulation

Showing 1 to 12 of 181 results

forbes.com
🌐 85% Global Worthiness
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GENIUS Act Faces Criticism for Stifling Stablecoin Innovation

The GENIUS Act, a Senate bill regulating stablecoins, is criticized for potentially stifling innovation by restricting issuers and creating a multi-agency review committee, contradicting Vice President Vance's recent call for less government intervention in the economy; critics argue for a simpler f...

Progress

56% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 85% Global Worthiness
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US Court Freezes \$280 Million in \$Libra Cryptocurrency Scam Profits

A US court froze \$280 million in profits from the \$Libra cryptocurrency, promoted by Argentine President Javier Milei, after a lawsuit alleged it was a scam that defrauded roughly 75,000 investors. The cryptocurrency's value spiked and then collapsed after Milei's promotion.

Progress

60% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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UK Pension Funds' Shift Away From Domestic Equities Prompts Government Intervention

The UK's pension fund investment in UK equities has plummeted to 4.4 percent, prompting government intervention to redirect billions toward domestic infrastructure and startups, despite concerns about the potential infringement on fiduciary duty.

Progress

60% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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£1 Billion at Risk in UK Car Loan Data Deletion Scandal

UK consumers risk losing £1 billion in compensation due to deleted data on inflated car loans, following an FCA investigation into unlawful commission arrangements; a Supreme Court ruling is awaited, potentially triggering a massive redress scheme.

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48% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Cameron in Talks to Join DLA Piper Amidst Past Lobbying Controversies

David Cameron is negotiating a consulting position with DLA Piper, focusing on geopolitical risks, despite past controversies involving lobbying for Greensill Capital and facing scrutiny regarding his status as a politically exposed person.

Progress

48% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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Klarna's Losses Double Amidst Rising BNPL Debt

Klarna's Q1 2024 net losses doubled despite revenue growth, with consumer credit losses surging 17% to $136 million, reflecting a wider trend of increasing BNPL debt and relaxed regulations, coinciding with record U.S. consumer debt.

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Supreme Court Upholds FINRA, but Bill Seeks Regulatory Shift

The Supreme Court rejected Alpine Securities' challenge to FINRA's constitutionality, but a new bill proposes transferring FINRA's regulatory functions to the SEC, prompting debate over the optimal balance between industry self-regulation and direct government oversight.

Progress

52% Bias Score

Reduced Inequality
news.sky.com
🌐 85% Global Worthiness
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NatWest Privatization Results in £10.5bn Loss for UK Taxpayers

The UK government has completed the sale of its remaining stake in NatWest, incurring a £10.5bn loss 17 years after a £46bn bailout, prompting debate about post-crisis banking regulations.

Progress

48% Bias Score

Reduced Inequality
politico.eu
🌐 75% Global Worthiness
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UK Consumers Embrace BNPL Amid Cost-of-Living Crisis, Anticipating Regulation

A Clearpay study of 3,000 UK adults shows rising BNPL use due to cost-of-living pressures, with families using it for children's activities and big purchases; 71 percent support regulation, expected by early 2026, believing it will improve consumer protection and boost retail spending.

Progress

40% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australia's Retirement Advice Crisis: A System Failing Everyday Australians

Australia's retirement advice system is failing many, leaving those with up to \$500,000 in superannuation without access to affordable, personalized guidance on crucial retirement decisions; this is due to conflicting interests between super funds, financial advisors, and delayed government reforms...

Progress

56% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Thames Water Bonus Controversy: Conflicting Accounts and Potential Regulatory Intervention

Thames Water's chair claims creditors insisted on £3bn loan-funded executive bonuses, but sources suggest the company initiated them; the government may block these bonuses under new rules, and KKR is in talks to potentially purchase the debt-laden company.

Progress

64% Bias Score

Responsible Consumption and Production
bbc.com
🌐 85% Global Worthiness
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UK introduces new rules to regulate buy now, pay later services

The UK government announced new rules for buy now, pay later services, requiring affordability checks and faster refunds to protect consumers from excessive debt, following a surge in BNPL use (11 million users last year) and concerns about unaffordable borrowing.

Progress

60% Bias Score

Reduced Inequality

Showing 1 to 12 of 181 results