Join us for the ESAs Consumer Protection Day. #CPD25On the agenda:⛵️ Simplification of the customer journey🛡️ Fraud and scams in the digital era🔒 #Crypto Investments, #MiCA🗓️ 5 November 2025📍 Riga 🇱🇻👉 https://t.co/itSq0npwDr@EBA_News, @eiopa_europa_eu https://t.co/ww7u0bR2Lz ...

Congressman Brian Style, chair of the House Subcommittee on Digital Assets. Thank you very much for joining us here in Wyoming. Thanks for having me.Absolutely. And we're here at the Wyoming Blockchain Symposium. You're going to be participating in a panel with Democratic Representative Angie Craig of Minnesota, where you will be talking all about the Clarity Act, which essentially establishes a regulatory framework for crypto.Now, you're an original co-sponsor of the Clarity Act. You obviously believe in i ...

Core Viewpoint - Zijin Bank has faced significant regulatory penalties due to multiple compliance violations, highlighting ongoing issues in internal controls and consumer protection practices [2][3][6]. Regulatory Penalties - Zijin Bank was fined a total of 2.4 million yuan for seven violations, marking the largest penalty in the past three years [2]. - Previous fines included 500,000 yuan for improper loan practices and 996,000 yuan for anti-money laundering compliance failures [2]. Internal Control Issues - The bank's internal controls in payment settlement, data governance, and consumer protection are identified as areas needing improvement [3]. - Specific issues include inadequate management of account opening and payment processes, insufficient data accuracy, and violations of consumer protection mechanisms [3]. Risk Management Practices - Zijin Bank has focused on enhancing risk management processes, particularly in credit, liquidity, and market risks [3]. - The bank has established mechanisms for addressing non-performing loans and has formed special teams to promote compliance [3]. Industry Context - Over the past three years, A-share listed rural commercial banks have collectively faced over 100 million yuan in regulatory penalties, indicating a broader trend of compliance challenges within the sector [3]. - Among the ten rural commercial banks in the A-share market, Zijin Bank ranks fifth in total assets at 280.3 billion yuan [4]. Consumer Protection Concerns - The bank's practices in its inclusive finance department have raised concerns regarding unauthorized collection and sharing of credit information, impacting consumer privacy [6]. - Despite efforts to enhance consumer protection, broader issues related to consumer rights have not been adequately addressed in the bank's ESG reporting [6]. Complaint Statistics - In 2024, Zijin Bank received 537 complaints, primarily related to loan services, card services, and customer service [8]. - The bank's complaint rate is moderate compared to peers, with 12.03 complaints per billion yuan in revenue [8]. ESG Performance - Zijin Bank has maintained a BBB rating in the Wind ESG rating system, indicating a mid-level performance among domestic listed banks [10]. - The bank's green loan balance reached 14.3 billion yuan, growing at a rate of 16.81%, ranking third among its peers [13].

RT Dante Disparte (@ddisparte)The House vote to clear the GENIUS Act for the President’s signature is a defining moment for the future of money and the internet financial system. It signals strong bipartisan support for responsible innovation and sends a clear message that the U.S. will lead in the regulation of dollar-backed payment stablecoins. We commend Congressional leaders for delivering a regulatory foundation that puts consumer protection, financial integrity, and U.S. competitiveness at the forefro ...

Event Overview - The 12th Joint ESAs Consumer Protection Day (CPD25) will be held on November 5, 2025, in Riga [1] Key Topics - Simplification of the customer journey will be discussed [1] - Fraud and scams in the digital era are on the agenda [1] - Discussions will include Crypto Investments and MiCA (Markets in Crypto-Assets regulation) [1]

Federal Reserve & Monetary Policy - The independence of the Federal Reserve is crucial for the stability of the U.S financial system [2][3][6] - Political interference with the Fed, such as attempts to fire the chair, could destabilize markets and damage U.S credibility [2][4][6] - The appointment of a Fed chair should prioritize independence and economic expertise over loyalty to the president [5][9][10] - The market reacted negatively when there were indications of political interference with the Fed [2][3] Cryptocurrency Regulation - Strong crypto regulation is needed, but the proposed Stablecoin bill and Clarity Act are considered weak and industry-written [12] - Concerns exist that current crypto legislation lacks sufficient safeguards for consumer protection and could be exploited by illicit actors [13] - The Clarity Act contains a provision that could allow companies to opt out of SEC regulation by digitizing themselves on the blockchain, potentially harming the New York Stock Exchange [13][14][15] Government Spending & Appropriations - Republicans are attempting to retract previously agreed-upon budget allocations, specifically targeting U.S aid programs [16][17] - Proposed cuts to U.S aid include reductions in food aid and assistance for countries dealing with AIDS epidemics [17] - These cuts are viewed as detrimental to global health and potentially harmful to U.S interests [18]