Tag #Financial Regulation

Showing 205 to 216 of 246 results

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.

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48% Bias Score

Reduced Inequality
fr.euronews.com
🌐 85% Global Worthiness
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SEC Sues Elon Musk for Undisclosed Twitter Stock Purchases

The SEC is suing Elon Musk for failing to disclose his acquisition of over 5% of Twitter's shares before his \$44 billion purchase in October 2022, costing taxpayers at least \$150 million, according to the SEC. This is one of several lawsuits related to Musk's controversial Twitter acquisition.

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40% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Conflicting Credit Reporting Changes Impact Millions of Americans

The CFPB will remove \$49 billion in medical debt from credit reports, impacting 15 million people, while protections ending for millions of federal student loan borrowers will result in negative credit reporting.

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48% Bias Score

Reduced Inequality
bbc.com
🌐 65% Global Worthiness
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UK Regulator Bans Wahed Invest Ads Depicting Burning Banknotes

Six Wahed Invest advertisements featuring burning US dollar and euro banknotes were banned by the Advertising Standards Authority (ASA) in November 2023 after 75 complaints that they were likely to cause serious offence to viewers in the US and Europe.

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44% Bias Score

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dailymail.co.uk
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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.

Progress

56% Bias Score

Reduced Inequality
nos.nl
🌐 75% Global Worthiness
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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.

Progress

48% Bias Score

Reduced Inequality
cnn.com
🌐 85% Global Worthiness
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FDIC Sues 17 Former Silicon Valley Bank Executives for Negligence

The FDIC sued 17 former Silicon Valley Bank executives for negligence and fiduciary breaches, seeking billions in recovery for the bank's March 2023 collapse that involved ignoring prudent banking standards and paying a large dividend shortly before failure.

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48% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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CFPB Sues Capital One for Allegedly Deceiving Consumers on Savings Account Interest Rates

The CFPB is suing Capital One for allegedly misleading consumers about savings account interest rates, resulting in over \$2 billion in lost interest; Capital One denies the allegations.

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56% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 75% Global Worthiness
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Spain's Bank Tax: A €1.695 Billion Band-Aid on Systemic Issues

Spain's temporary bank tax, intended to address excessive profits, raised €1.695 billion in 2024, but critics argue it's an ineffective solution to systemic issues, highlighting the inadequacy of the Deposit Guarantee Fund and proposing alternative solutions like eliminating fractional reserve banki...

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68% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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£28 Billion Motor Finance Mis-selling Compensation Bill Looms

The Court of Appeal's ruling on unlawful commission payments in motor finance deals could cost lenders £28 billion in compensation, impacting firms like Lloyds Banking Group (£4.2 billion) and Close Brothers Group (£460 million), with a December 4th deadline for final responses to complaints.

Progress

36% Bias Score

Reduced Inequality

Showing 205 to 216 of 246 results