Legal & Regulation

ANTITRUST
Google and Epic Games Hit Roadblock in Antitrust Negotiations
February 29, 2024

Antitrust talks between Google and Epic Games are reportedly at a standstill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...

Legal & Regulation
UK Electronic-Money Company Transactive Systems to Cease Operations
February 28, 2024

Transactive Systems, an electronic-money company in the United Kingdom, is reportedly ceasing operations following the revocation of one of its licenses due to concerns about money laundering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
New York DFS Announces Settlement With Gemini Trust
February 28, 2024

The New York State Department of Financial Services (DFS) said Wednesday (Feb. 28) that Gemini Trust Company has agreed to return at least $1.1 billion to customers of its Gemini Earn Program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

CFPB
CFPB to Propose Rules Limiting Activities of Data Brokers
February 28, 2024

The Consumer Financial Protection Bureau (CFPB) will propose rules this year to limit the activities of data brokers, including those that sell personal data to customers overseas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation
February 28, 2024

Attorneys for convicted cryptocurrency fraudster Sam Bankman-Fried say their client is “selfless,” “altruistic” and “misunderstood.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

ANTITRUST
Report: Apple Makes Last-Minute Attempt to Halt Antitrust Suit
February 28, 2024

Apple reportedly made an eleventh-hour attempt last week to stave off a federal antitrust suit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Legal & Regulation
Capital One Says Repair of Discover’s Regulatory Challenges a ‘Big Undertaking’
February 27, 2024

Capital One expects the process of fixing Discover Financial’s regulatory challenges to be long and expensive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Legal & Regulation
New York Times Says OpenAI ‘Hacking’ Claim is ‘Bizarre’
February 27, 2024

The lead counsel for The New York Times said Tuesday (Feb. 27) that OpenAI’s claims that the publisher “hacked” its artificial intelligence (AI) systems to produce misleading results “bizarrely mischaracterizes” the situation. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
HFSC Chairman Patrick McHenry Reintroduces Legislation to Create Regulatory Sandboxes
February 27, 2024

The Financial Services Innovation Act will again be considered by the U.S. House of Representatives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....