Tag #Financial Regulation

smh.com.au
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Australia to Introduce Mandatory Standards for Faster Super Death Benefit Payments

The Albanese government plans to introduce mandatory standards for Australia's \$4.1 trillion superannuation industry to reduce delays in processing death benefits, addressing criticism and legal action against funds like Cbus for significant delays costing members \$20 million and causing distress ...

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44% Bias Score

Reduced Inequality
abcnews.go.com
🌐 85% Global Worthiness
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Lawmakers Investigate Trump's Meme Cryptocurrencies Amid Foreign Influence and Conflict of Interest Concerns

Democratic lawmakers are asking federal regulators to investigate President Trump and Melania Trump's meme cryptocurrencies, "$TRUMP" and "$MELANIA", valued at over $7.4 billion, due to concerns about foreign influence and conflicts of interest, citing the foreign emoluments clause.

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56% Bias Score

Reduced Inequality
nos.nl
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Dutch Government Urges Halt to In-Store "Buy Now, Pay Later" Expansion

The Dutch government urges, but cannot ban, "buy now, pay later" services in stores before 2026 EU regulations, expressing concern for vulnerable consumers while Klarna adds information screens and explores an opt-out feature.

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52% Bias Score

Reduced Inequality
abcnews.go.com
🌐 75% Global Worthiness
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CFPB Director Chopra Remains in Post Despite Trump Administration's House Cleaning

Rohit Chopra, CFPB director appointed by the Biden administration, remains in office despite the change in presidential administration, continuing his consumer-focused policies, which include tackling junk fees and overdraft penalties, and removing medical debt from credit reports, even after packin...

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44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Government Intervenes in £30 Billion Car Finance Mis-selling Case

The UK government is seeking Supreme Court intervention to limit potential £30 billion in compensation payouts to motorists over mis-sold car finance deals, arguing the October ruling could destabilize the motor finance market and impact millions of consumers.

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56% Bias Score

Reduced Inequality
nos.nl
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Dutch Banks' €1.4 Billion Anti-Money Laundering Burden Spurs Regulatory Reform

Dutch Finance Minister Heinen reveals that banks spend €1.4 billion annually on anti-money laundering checks, employing 13,000 staff, leading to economic sector exclusions, access impediments, and discrimination; a new balance is sought.

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48% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 65% Global Worthiness
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Dexter John Named New CEO of Ontario's Financial Services Regulator

Dexter John, CEO of Morrow Sodali (Canada) Ltd., will become the President and CEO of the Financial Services Regulatory Authority of Ontario (FSRA) on March 1, 2023, succeeding interim CEO Stephen Power, after a six-month search following the departure of Mark White.

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20% Bias Score

Decent Work and Economic Growth
theguardian.com
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Barclays CEO's Pay Could Rise 45% to \£14 Million

Barclays is considering a 45% pay rise for its CEO, CS Venkatakrishnan, to over \£14 million, contingent on significantly increased profitability and shareholder approval; this follows the repeal of the EU bonus cap and Barclays' subsequent lifting of its own cap in May 2024.

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56% Bias Score

Reduced Inequality
nos.nl
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Dutch Government Urges Halt to "Buy Now, Pay Later" Expansion

The Dutch government urged, but cannot ban, "buy now, pay later" services in stores before 2026 due to upcoming EU regulation, expressing concern for vulnerable consumers who may accumulate debt; Klarna, a major provider, is considering a credit opt-out feature.

Progress

52% Bias Score

Reduced Inequality
news.sky.com
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HMRC Criticized for Degraded Services and Rising Uncollectable Debt

The UK's Public Accounts Committee criticized HM Revenue and Customs (HMRC) for worsening its phone service to push digital channels, leading to only 66.4% of calls answered, average wait times exceeding 23 minutes, and £5bn in uncollectable debt written off in 2023-24.

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48% Bias Score

Reduced Inequality
nos.nl
🌐 75% Global Worthiness
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Dutch Banks' €1.4 Billion Anti-Money Laundering Cost Prompts Regulatory Review

Dutch Finance Minister Heinen reveals that banks spend €1.4 billion yearly on anti-money laundering checks, employing 13,000 staff, impacting consumers and businesses, prompting a review of regulations.

Progress

48% Bias Score

Reduced Inequality
dutchnews.nl
🌐 75% Global Worthiness
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Dutch Minister Proposes Bank Data Sharing for Anti-Money Laundering

Dutch Finance Minister Eelco Heinen proposed allowing banks to share client data for anti-money laundering investigations to reduce the current €1.4 billion annual cost and improve efficiency, despite privacy concerns, and plans to discuss this with the privacy watchdog AP.

Progress

48% Bias Score

Reduced Inequality