Tag: Financial Regulation
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Trump Threatens to Sue JPMorgan Chase Over Bank Cutoff After Capitol Riot
Overview Former President Donald Trump announced on social media that he may sue JPMorgan Chase, accusing the bank of cutting him off from services following the January 6, 2021, Capitol riot. The claim, shared without substantiating evidence, underscores ongoing tensions between Trump and major financial institutions amid a broader conversation about political bias and banking…
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Trump Threatens to Sue JPMorgan Chase for Debanking: What’s at Stake
Overview: A Legal Threat Ties Politics to Finance Former President Donald Trump has announced plans to sue JPMorgan Chase, alleging that the bank engaged in debanking him following the January 6, 2021 Capitol riot. The move escalates a dispute that sits at the intersection of politics, free speech, and the power of financial institutions. Trump’s…
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Ponzi Clues Found in Dana Syariah Indonesia Case PPATK
H2: PPATK Signals Red Flags in Dana Syariah Indonesia Case Punctual and cautious, Indonesia’s Financial Transaction Reports and Analysis Center (PPATK) has disclosed indications of a Ponzi scheme linked to the default of PT Dana Syariah Indonesia (DSI). The revelation comes as authorities intensify reviews of investment platforms amid growing concerns about investor protections and…
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SC clamps down on fraudulent finfluencers in Malaysia’s financial market
The Securities Commission Malaysia (SC) has intensified its crackdown on unlicensed and fraudulent finfluencers who use social media to promote investment schemes, often with dubious guarantees of high returns. The initiative underscores the regulator’s commitment to safeguarding investors and maintaining the integrity of Malaysia’s financial markets. As financial education increasingly migrates online, the SC’s actions…
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EU Banking Rules Could Choke Investment From Booming City
Introduction: a brewing regulatory squeeze The European Union is poised to tighten its banking framework, a move that critics warn could stall the very investment that has helped Britain’s City of London flourish after Brexit. As London expanded its lending capacity and attracted more capital, Brussels is pushing to standardize and tighten risk controls, cap…
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EU Banking Rules Could Choke Investment as City Recovery Grows Post-Brexit
Introduction: A brewing clash between regulation and investment The European Union is preparing tighter banking regulations that could dampen investment in Europe’s financial heart while London, buoyed by post-Brexit freedom to lend, surges ahead. As Brussels tightens capital rules, the City of London has demonstrably expanded its lending capacity, prompting concerns among policymakers that Europe’s…
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Trump Proposes 10% Cap on Credit Card Interest Rates
Trump Proposes a One-Year 10% Cap on Credit Card Interest Former President Donald Trump has floated the idea of imposing a one-year cap on credit card interest rates at 10 percent, in a move aimed at curbing what he described as abusive lending practices. Speaking to reporters aboard Air Force One, Trump argued that credit…
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Isle of Man Faces Renewed Scrutiny Ahead of Moneyval Inspection
Overview The Isle of Man is entering a critical period as it prepares for an upcoming Moneyval assessment focused on anti-money laundering (AML) controls. As a jurisdiction with a robust financial services sector and a strong track record of regulatory reform, the Island now faces renewed scrutiny from international evaluators who will assess how effectively…
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Isle of Man Under Scrutiny Ahead of Moneyval AML Review
Overview: Moneyval’s looming assessment of the Isle of Man The Isle of Man is preparing for a high-stakes evaluation by Moneyval, the Council of Europe’s anti-money laundering and counter-terrorist financing (AML/CTF) watchdog. Set against a backdrop of global efforts to tighten financial crime controls, the review will probe how effectively the Island’s institutions detect, deter,…
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Trump Pushes Temporary 10% Cap on Credit Card Interest Rates
Overview: A bold proposal to cap credit card interest President Donald Trump has called for a temporary cap on credit card interest rates at 10 percent, with the goal of taking effect by January 20. The move is designed to curb the rising costs faced by consumers who use revolving credit, particularly during periods of…