The Texas Office of the Attorney General (OAG) is investigating reports that ticket marketplace StubHub is cancelling or failing to provide World Cup tickets that fans have purchased. The OAG has received reports that StubHub cancelled tickets days or hours before the game’s kickoff, Attorney...
A bill banning surveillance pricing has been passed by both houses of the New Jersey legislature and sent to the governor’s desk. The “Fair Price Protection Act” was passed Tuesday (June 30) by the New Jersey Senate on a 22-14 vote and by the state’s...
PayPal said Thursday (July 2) that it has secured a seat at the table to influence the future of payments in Europe by joining the European Payments Council (EPC). EPC brings together organizations that are involved with the rules, standards and infrastructure underpinning European payments. The council...
Watch more: TechReg Talks With Ann O’Brien and Ben Huffman of Sheppard For more than a century, antitrust law in the United States has adapted to changing industries without abandoning its underlying principles. The latest test comes from the race to build enough energy infrastructure...
Alibaba Group Holding and its U.S.-based payment processor, Ant Group subsidiary AUS Merchant Services, have agreed to pay $600 million to resolve U.S. Justice Department allegations that they failed to prevent illegal sales on Alibaba’s eCommerce platforms. The Justice Department alleged that Alibaba.com and AliExpress.com...
For FinTechs weighing whether to become banks, the biggest obstacle arguably has been understanding where regulatory standards have tripped up other applicants. The Office of the Comptroller of the Currency is attempting to narrow that information gap. In guidance issued in late June, the OCC...
Klarna-owned price comparison website PriceRunner has prevailed in its antitrust lawsuit against Google. A Swedish court on Wednesday (July 1) awarded PriceRunner $1.97 billion, Klara said in a news release, calling it compensation for lost revenue from “Google’s preferential treatment” of its comparison-shopping service over similar, independent services....
The House Financial Services Committee on Tuesday (June 30) advanced a package of legislation that would give banks greater flexibility to combat payments fraud, expand the types of payment histories that can be used to build consumer credit and establish a national regulatory framework for...
The Supreme Court agreed Tuesday (June 30) to hear Apple’s appeal of a lower court ruling that found the company in contempt in its legal battle with Epic Games, Reuters reported Tuesday (June 30). The ruling that Apple was in contempt came because the judge found that the...