The Netherlands Authority for Consumers and Markets (ACM) ordered Apple Dec. 24 to adjust its App Store policies to allow dating app providers to be able to use payment systems other than Apple’s, according to a press release. Get the Full Story Complete the form...
It’s rare when a regulator asks stakeholders and consumers for advice on how it monitors and enforces. 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...
Facebook’s decision to appeal the U.K. CMA’s negative ruling over its Giphy deal may seek to revert not only the fate of this case, but also the approach taken by the regulator in the last two years on merger control. Get the Full Story Complete...
The EU is cracking down on the ability for banks outside the EU to sell services to the bloc, with a focus on “core banking.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
U.S. executives say they are worried that U.S., U.K. and European Union regulators are scheming to block transactions they dislike, even if they do not strictly fall under their domain. The criticism stems from recent deals that are being subject to more antitrust scrutiny than initially anticipated, like Nvidia-Arm, Illumina-Grail or Facebook-Giphy. Get the...
The U.S. Federal Trade Commission (FTC) is moving forward with an investigation into Amazon Web Services (AWS), the Amazon cloud computing business, over competition issues, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Credit Union National Association (CUNA) this week backed the Consumer Financial Protection Bureau’s (CFPB) probe of Google, Apple, Facebook, Amazon, Square and PayPal’s payments policies, according to a Wednesday (Dec. 22) report from Financial Regulation News. Get the Full Story Complete the form to...
EU Commissioner for Financial Services Mairead McGuinness delivered a speech in November at the annual conference of the European Payment Institutions Federation that encapsulated the EU payment strategy for the coming years, starting in the first half of 2022. Get the Full Story Complete the...
The Consumer Finance Protection Bureau (CFPB) has said LendUp Loans has to pay a $100,000 penalty, stop issuing loans and stop collecting some outstanding ones after the company received too many deceptive marketing complaints, Reuters reported. Get the Full Story Complete the form to unlock...
