A few months ago, I was reading the CFPB Press Release concerning the changes to their exam manual for Unfair, Deceptive, and Abusive Acts and Practices (UDAAP) (as you do). It seems that the CFPB has decided to broaden their examination practices for UDAAP beyond the lending space to now include financial service practice that would cover all financial products. In conducting an exam, the CFPB will incorporate additional documentation to include:

The financial industry as a whole, and crypto exchanges in particular, are increasingly falling victim to hacker attacks, mostly through so-called distributed denial-of-service (DDoS) attacks. What can corporate IT managers do to successfully fend off such hacks? 

Two-fold task between investigating authorities and CIOs/CISOs

FACEIT, the world’s leading platform for competitive online gaming, has today announced a multi-million dollar partnership with Cake DeFi, one of the world’s fastest growing crypto fintech platforms, which allows users to earn cash flow from their crypto. Facilitated by Pivot Agency, the collaboration will provide Cake DeFi with authentic brand exposure to all FACEIT users globally through a series of bespoke and multifaceted gaming experiences which will offer the community a chance to win crypto.

Kevin. Raises $65m Series a, Led by Accel, to Bring Account-to-account Payments to Existing POS Payment Terminals

Partnerships 

Ophelos Partners with Credit Card Startup, Yonder, for Ethical Debt Resolution

A new independent survey of 251 senior decision-makers at UK banking and financial services firms has revealed how they are responding to customers’ changing demands. It found:

Yusuf Ozdalga is London-based Partner at QED Investors with a focus on European financial technology and consumer finance companies. Ozdalga joined QED in 2017, and his career has spanned roles as an operator, advisor, entrepreneur and investor. His current portfolio of investments includes Wagestream, GetGround, Wayflyer, Fidel API and Weavr.

Michael Aagaard, former Head of Foreign Exchange at Saxo Bank has been appointed as Managing Director of GCEX in Denmark. He will be responsible for all GCEX’s activities out of Denmark and GCEX’s growing team in Copenhagen. He will also work closely with Founder and CEO, Lars Holst on strategic growth plans for the organisation.

DivideBuy, the leading UK LendTech, has won the Best POS Solution category at the Cards & Payments Awards 2022, beating ACI Worldwide, Worldpay and UTP, as well as being shortlisted for the Best Consumer Credit Card or Credit Facility category. Following an impressive period of growth for the Stoke-on-Trent company, this important award win paves the way for further growth in 2022 and beyond.