Regulations are rules or directives established by governmental authorities or regulatory bodies to control and govern conduct within a specific area or sector. They are designed to implement laws enacted by legislatures and provide detailed guidelines on how those laws should be applied in practice. Regulations can cover a wide range of topics, including safety standards, environmental protections, financial practices, and public health measures. They often require compliance from individuals, businesses, and organizations, and may include provisions for enforcement and penalties for non-compliance. Overall, regulations aim to ensure order, protect public interests, and promote fairness in various domains of society.
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…