Legal & Regulation

Legal & Regulation
Musk Says He’ll Reverse Twitter’s ‘Morally Bad’ Ban on Trump
May 10, 2022

Elon Musk said he would reverse the Twitter ban of former President Donald Trump, calling it “not correct” and a “morally bad decision,” according to The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

ANTITRUST
Meta Criticizes ‘Clearly Flawed’ German Antitrust Ruling
May 10, 2022

Facebook owner Meta Platforms said Tuesday (May 10) that a German antitrust order limiting its data collection was “clearly flawed” and undermined European data protection regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB’s Opinion on Fair Lending Rules Could Extend to AI
May 10, 2022

The Consumer Financial Protection Bureau (CFPB) has published an advisory opinion to affirm that banks and other lenders need to follow fair lending laws when canceling loans or changing terms and not just during the application process. Get the Full Story Complete the form to...

CFPB
CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
May 10, 2022

On April 26 and 27, during his testimonies at the Senate and the House, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB) offered important insights into the regulator’s next moves. One of them was open banking.  Get the Full Story Complete the form...

ANTITRUST
Tinder Owner Sues Google Over Play Store Fees
May 10, 2022

Match Group, the dating apps maker, has sued Google on Monday in what it says is a last-ditch effort to stop Tinder and its other apps from being booted off the Play Store, Reuters writes. Get the Full Story Complete the form to unlock this...

Bank Regulation
OCC’s Comptroller Orders Staff to Review Bank Merger Framework
May 09, 2022

Speaking at an event Monday (May 9), Acting Comptroller of the Currency Michael Hsu discussed the need to rethink bank merger assessment and directed his team to work with the Department of Justice (DOJ) and other banking regulators to review the merger frameworks.  Get the...

Legal & Regulation
Hermes Trademark Lawsuit Against MetaBirkins NFT Artist Moves Forward
May 08, 2022

French fashion house Hermes International has persuaded a judge not to throw out its trademark lawsuit against an artist selling “MetaBirkins” non-fungible tokens (NFTs) which show the company’s Birkin bags, Reuters reported Friday (May 6). Get the Full Story Complete the form to unlock this...

Legal & Regulation
SEC: NVIDA Failed to Disclose Cryptomining Impact on Gaming Business
May 06, 2022

The Securities and Exchange Commission (SEC) on Friday (May 6) said technology company NVIDIA Corporation in consecutive quarters in fiscal 2018 made “inadequate disclosures concerning the impact of cryptomining on the company’s gaming business,” according to a press release. Get the Full Story Complete the...

Legal & Regulation
BIS Adds Pressure on Big Tech to Give Data Control to Consumers
May 06, 2022

The Bank for International Settlements (BIS), the world’s main central bank umbrella group, published a report on Thursday (May 5) proposing new data governance frameworks that would allow individuals and firms to get more control over the data collected on them by Big Tech firms...