Legal & Regulation

Legal & Regulation
Canada Next to Force Google, Facebook to Pay for News
April 07, 2022

Canada on Tuesday (April 5) announced its proposed legislation that would compel platforms like Facebook and Google to negotiate with news publishers and pay them for using their content. By enacting this new legislation, Canada is joining other countries, including Australia, France and Spain, that...

Legal & Regulation
UK Financial Regulator’s Strategy Plan Includes Crypto, AML, Big Tech 
April 07, 2022

The U.K. Financial Conduct Authority (FCA) revealed on Thursday a three-year strategy plan that will enable the regulator to stop firms that don’t meet their standards from entering in the U.K. markets and “improve outcomes for consumers.”  Get the Full Story Complete the form to...

Legal & Regulation
EU Governance Data Act to Boost AI, Data-Sharing
April 07, 2022

The European Parliament (EP) approved the European Governance Data Act (DGA) on Wednesday with 501 votes to 12. This act aims to increase data sharing among public institutions and companies, create new rules on the neutrality of data marketplaces and facilitate the reuse of certain...

CFPB
21 Attorneys General Urged CFPB to Regulate BNPL
April 06, 2022

On March 25, the Consumer Financial Protection Bureau (CFPB) closed its request for comments regarding the inquiry on buy now, pay later (BNPL) that it launched in December. PYMNTS assessed the 44 public comments available on the government website, and the vast majority of them...

ANTITRUST
Google’s Latest App Store Payment Policy Raises Concerns in Korea  
April 06, 2022

Last year, South Korea became the first country to approve legislation changing Google and Apple Inc.’s policies on how apps on their platforms sell subscriptions, in-game items, and other online content. The law forbids Google and Apple from forcing apps to use their own in-app...

ANTITRUST
Visa Faces ‘New Network Fees’ Antitrust Suit After Court of Appeal Loss 
April 06, 2022

Visa will need to defend, for the second time, its debit card fees in an antitrust suit filed by payment processing network Pulse Network L.L.C. for practices that it claims reduce competition in the debit card market.  Get the Full Story Complete the form to...

Legal & Regulation
Spain Plans New Consumer Financial Protection Agency
April 05, 2022

Following a flood of financial services complaints from consumers in Spain, the government is planning to create a consumer protection authority, Reuters reported Tuesday (April 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Gensler Says SEC Plans to Regulate Crypto Exchanges, Sharing Power With CFTC
April 05, 2022

The Securities and Exchange Commission (SEC) is planning a series of changes that could aggressively step up its regulation of the cryptocurrency industry, most notably in the oversight and functioning of both centralized and decentralized exchanges. Get the Full Story Complete the form to unlock...

Legal & Regulation
Apple’s Financial Service Ambitions May Clash With EU’s DMA
April 05, 2022

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 agree to receive marketing communications from PYMNTS and...