Regulation refers to a rule or directive made and maintained by an authority to control or govern conduct within a particular area, such as economic activity, environmental standards, or public health. It establishes guidelines and procedures that individuals or organizations must follow to ensure compliance with legal and ethical standards. Regulations are often enforced by government agencies and can vary by jurisdiction, aiming to promote safety, fairness, and order in society. They can apply to various sectors including finance, healthcare, transportation, and more, influencing the behavior of businesses and individuals to meet specific societal goals or standards.
Synapse Financial Technologies filed for Chapter 11 Bankruptcy in April 2024, disrupting the fintech landscape. Hundreds of millions in customer deposits were frozen, affecting around 100 clients including lenders. Regulatory…