financial regulation
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FIIG Securities Faces $2.5M Penalty After Cyber Attack Exposes Weak Incident Response
FIIG Securities has been ordered to pay $2.5 million in penalties by an Australian Federal Court for severe cybersecurity failures, including the lack of an adequate incident response plan, which worsened a 2023 data breach affecting 18,000 clients.
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Bithumb Payout Error Amplifies Calls for Robust Digital Incident Response
A recent payout error at South Korean crypto exchange Bithumb has spurred financial authorities to scrutinize internal control systems, underscoring the critical importance of robust incident response plans for businesses amid rising digital threats.
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Trump Pushes 10% Credit Card Rate Cap, Reigniting Debate
President Donald Trump has renewed his call for a one-year, 10% cap on credit card interest rates, a move announced on Truth Social that revives a contentious campaign pledge and immediately drew sharp criticism and questions about its practical implementation…
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Trump’s 10% Credit Card Interest Cap: Banks Vow Fight Amid Economic Fears
President Donald Trump’s executive order for a temporary 10% cap on credit card interest rates has sent shockwaves through the financial sector, sparking immediate market declines and strong opposition from banking associations who warn of dire consequences for consumer credit…
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Capital One Plunges 8% as Trump’s Credit Card Rate Cap Threat Rocks Banking Stocks
Capital One shares tumbled over 8% after President Trump proposed capping credit card interest rates, sending shockwaves through the financial sector. Major issuers like American Express and JPMorgan Chase also saw significant declines.
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Armenia’s New Crypto Licensing Framework: What You Need to Know
Discover Armenia’s new cryptocurrency licensing laws, effective July 2025. Learn how these regulations aim to enhance market stability and security.
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SEC Staff Clarifies Registration Rules for Transaction-Based Compensation
Amid ongoing questions about registration requirements, SEC staff have clarified that personal services entities receiving transaction-based compensation may not need to register, challenging previous assumptions in the financial sector.