The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a tone set by its first chief executive Martin Wheatley, whose zeal for fining banks got him ousted in 2015. Now, top executives at the Financial Conduct Authority are trying to rewrite the script by devising … Read more
New York’s insurance coverage regulator issued a damning report laying out the severely flawed monetary situation of New York’s largest insurer of taxis and for-hire autos, in addition to dozens of potential monetary improprieties and accounting issues, warning that the results of failure could possibly be devastating for tens of hundreds of drivers within the … Read more
In a big ruling that has caught the eye of companies and regulators alike, Uber has been slapped with a record-breaking £245 million nice by the Dutch Information Safety Authority (DPA) for violating the Basic Information Safety Regulation (GDPR). The penalty underscores the growing scrutiny that European regulators are making use of to US tech … Read more
