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Essilor Manufacturing, a unit of the French maker of Ray-Ban glasses, has sued JPMorgan Chase Bank over claims the bank had ignored red flags as cybercriminals from around the globe drained $272 million from its New York account, a report said. Get the Full Story...
Forever 21 owner Authentic Brands Group (ABG) is suing Bolt Financial, accusing the payments startup of failing to deliver on its technology and costing ABG $150 million in sales. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Google and Facebook owner Meta have both pledged to permit only registered financial firms to advertise promotions on their sites, the head of the U.K. Financial Conduct Authority (FCA) said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Consumer Financial Protection Bureau (CFPB) announced yesterday, April 25, 2022, that it will start using a largely unused legal provision to examine nonbank financial companies, FinTechs, that pose risks to consumers. Get the Full Story Complete the form to unlock this article and enjoy...
U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra plans to tell Congress this week about a proposed measure to regulate open banking and small business lending data, Reuters reported Monday (April 25). Get the Full Story Complete the form to unlock this article and...
Meta Platforms Inc. is fighting allegations by the United Kingdom’s antitrust watchdog that the tech giant is violating anticompetitive rules, Bloomberg reported Monday (April 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Elon Musk is inches away from sealing a deal to buy Twitter for approximately $43 billion, according to different news outlets. Musk, a self-described “free speech absolutist,” said in an interview during a TED conference on April 14 that “it is very important for [Twitter]...
On Saturday, April 23, 2022, at 2 a.m. the European Parliament and EU Member States reached a preliminary agreement on the Digital Services Act (DSA). The DSA establishes an extraordinary new threshold for internet platforms’ accountability when it comes to unlawful and harmful information. According...
