Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans and credit lines, according to a statement from the Office of the Attorney General for the District of Columbia. Get...
Senator Ron Wyden (D-Ore.), with Senator Cory Booker (D-N.J.) and Representative Yvette Clarke (D-N.Y.), introduced in early February the Algorithmic Accountability Act of 2022. This bill aims to bring transparency and oversight of software, algorithms and other automated systems that are used to make automated...
When Meta announced its quarterly results last week and warned about the strong competition that is facing from other companies like TikTok, the price of its shares plunged, wiping out $230 billions of market value. The biggest one-day loss in history. Get the Full Story...
Antitrust regulators with the European Union plan to decide by March 15 whether they’ll clear Amazon’s proposed purchase of movie studio MGM, Reuters reported Tuesday (Feb. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Better to get out in front of an issue and meet it head-on than try to play catch-up later. 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...
Citing potential violation of federal law by GoFundMe Inc., GOP lawmakers have called for an investigation into the crowdfunding platform’s decision to withdraw a page accepting donations in support of protesting truckdrivers in Canada. Get the Full Story Complete the form to unlock this article and enjoy...
As a result of Amazon’s increasing activity in the U.K. grocery sector, Britain’s Competition and Markets Authority (CMA) announced in Wednesday (Feb. 9) statement that it has designated the eCommerce giant and its U.K. subsidiaries under the Groceries Market Investigation Order. Get the Full Story...
As a panel member that advises Securities and Exchange Commission (SEC) Chairman Gary Gensler, Associate Professor J.W. Verret of the Antonin Scalia Law School at George Mason University has more than a passing interest in regulating cryptocurrencies. Get the Full Story Complete the form to unlock...
Europe’s three regulators have called for actions to ensure the European Union’s (EU) rules and supervisory framework is fit for the digital age. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
