This week, Big Tech firms were in the spotlight again — and not only because it is earnings season, but also because Twitter accepted Elon Musk’s $44 billion offer. Regulators quickly reminded him that Twitter will have to respect new EU content moderation rules. Crypto...
Apple will be facing new antitrust charges in Brussels next week over how it reportedly restricts rivals from accessing its mobile payment system, the Financial Times (FT) reported Thursday (April 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The U.K.’s Competition and Markets Authority said HSBC UK has breached open banking provisions set out in the Retail Banking Market Investigation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB) gave his testimony before the House Committee on Financial Services on Wednesday (April 27), one day after attending a similar hearing in a Senate Banking committee. Get the Full Story Complete the form to unlock...
The U.K. Online safety bill, a new law that will significantly increase the responsibilities of Big Tech firms for the content posted in their platforms, may raise costs for small businesses, said Gill Whitehead in an interview with the Financial Times. Get the Full Story...
There are new European Union proposals which purport to monitor crypto transactions with unhosted wallets, which could reportedly breach the risk-based approach that is being pushed by money laundering regulators, a European Banking Authority official said Wednesday (April 27). Get the Full Story Complete the...
A California man has been convicted by a federal jury for reportedly defrauding American Express for over $4.7 million and money laundering, according to a Wednesday (April 27) press release from the U.S. Department of Justice. Get the Full Story Complete the form to unlock...
Mobile payments and commerce platform Fintiv has slapped PayPal and Apple Pay with a lawsuit on allegations of patent infringement, according to Asia Financial and other reports on Wednesday (April 27). Fintiv filed a similar lawsuit against Walmart. Get the Full Story Complete the form...
The testimony of Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), before the Senate Banking Committee on April 26 offered important insights into the next moves to be expected from the regulator. Get the Full Story Complete the form to unlock this article...
