Regulation
Policy, enforcement, and global rule-making across financial services.
UK FCA Opens Consultation on AI Model Governance for Financial Services Firms
The FCA proposes rules requiring financial firms to maintain explainability documentation, bias audits, and human override mechanisms for all AI models making consumer-facing decisions.
India UPI Goes Live in 7 New Countries as NPCI Pushes Global Real-Time Payment Interoperability
India's UPI system expands to 7 additional countries including Saudi Arabia and South Africa, part of NPCI International's push to build a cross-border real-time payment network.
OCC Updates Fintech Charter Framework: Payments Companies Can Now Apply for National Bank Status
The OCC publishes updated chartering guidance that creates a clear path for payments companies to obtain national bank charters without acquiring existing institutions.
Fed Finalizes BNPL Disclosure Requirements: Late Fees Capped, Credit Reporting Mandated
The Federal Reserve finalizes rules treating buy-now-pay-later as credit, requiring standardized disclosures, capping late fees at $8, and mandating credit bureau reporting.
EU Digital Euro Legislation Clears Committee Vote, Targeting 2028 Launch With Privacy Guarantees
The European Parliament's economic committee advances the digital euro regulation with amendments guaranteeing offline payment capability and transaction privacy below €150.
CFPB Open Banking Rule Takes Effect: Banks Must Share Data With Authorized Third Parties by October
The CFPB's Section 1033 rule becomes enforceable for large banks in October 2026, requiring them to share consumer financial data with authorized fintechs via standardized APIs.