Legal & Regulation

Legal & Regulation
EU Data Strategy May Facilitate Open Finance in Europe
March 11, 2022

Since 2016, the European Commission has been designing a data strategy that aims to facilitate companies’ access to vast amounts of data they couldn’t access on their own, Nicolo Zingales, Professor of Information Law and Regulation, told PYMNTS about how the EU — with the...

Legal & Regulation
DOJ, FTC Summit May Shed Light on Merger Guidelines Reform
March 11, 2022

The Department of Justice (DOJ) announced on Thursday (March 10) that its Antitrust Division and the Federal Trade Commission (FTC) will cohost a conference on April 4. Assistant Attorney General Jonathan Kanter and FTC Chair Lina M. Khan, as well as senior staff from both...

Legal & Regulation
SEC Joins FTC in Voicing Concerns Over AI as Risk of Regulation Looms
March 11, 2022

Securities and Exchange Commission Chair Gary Gensler delivered his remarks on Thursday March 10 before the Investor Advisory Committee that was devoted to the use of artificial intelligence in robo-Advisory services and cybersecurity disclosures.  Get the Full Story Complete the form to unlock this article...

Legal & Regulation
OppFi Asks for Injunction on Loan Interest Rates Caps
March 11, 2022

FinTech OppFi Inc. on Monday (March 7) filed a complaint in Los Angeles Superior Court against California’s Commissioner of the Department of Financial Protection and Innovation (DFPI), in relation to the state’s interest rate caps on loans. Get the Full Story Complete the form to...

ANTITRUST
UK, EU Launch Parallel Antitrust Probes Into Google-Meta Ad Deal   
March 11, 2022

The advertising agreement between Alphabet’s Google and Meta’s Facebook is under investigation in parallel probes launched by the EU’s European Commission (EC) and the U.K.’s Competition and Markets Authority (CMA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

CFPB
CFPB Could Find NIST an Ally for Open Banking
March 10, 2022

The National Institute of Standards and Technology (NIST), a non-regulatory agency of the U.S. Department of Commerce, on March 3 closed a public consultation on its Cybersecurity Considerations for Open Banking Technology and Emerging Standards report.  Get the Full Story Complete the form to unlock...

Legal & Regulation
South Korean Regulator Releases Rules on in-App Payments
March 10, 2022

South Korean telecommunication regulators have banned Apple Inc., Alphabet’s Google and other app store operators from forcing software developers to use their payments systems, The Korea Herald reported Thursday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Amazon
Amazon Likely to Win MGM Acquisition Case in EU, Report Says
March 09, 2022

Amazon is likely to claim victory in a European Union antitrust court regarding its case to buy movie studio MGM for $8.5 billion, Reuters reported Wednesday (March 9). The European Commission will make its decision by March 15. Get the Full Story Complete the form to...

Legal & Regulation
Binance’s Plan to Build Crypto-to-Fiat Payments Rail Meets Regulatory Resistance
March 08, 2022

The road to payments processing is littered with potholes, and it appears Binance, the world’s top cryptocurrency exchange, drove into one Monday (March 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...