Robinhood Markets says it is considering legal action against the Securities and Exchange Commission after the agency said it could ban payment for order flow, one of its chief revenue sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The business models that have promised to be disruptors are, in some cases, themselves being disrupted. 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...
On the heels of a crackdown on ride-hailing companies in China, Beijing’s local government has suggested investing in Didi Global Inc. to wrestle control away from the company, according to a Friday (Sept. 3) Bloomberg report. Get the Full Story Complete the form to unlock...
The $200 billion class action filed against Apple by App developer Primary Productions is moving forward in California with U.S. Magistrate Judge Jacqueline Scott Corley presiding, according to Apple Insider and other media. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Capital One CEO Richard Fairbank has been ordered by the Federal Trade Commission (FTC) to pay a $637,950 fine for allegedly violating antitrust laws and the Hart-Scott-Rodino (HSR) Act, according to a press release. Get the Full Story Complete the form to unlock this article...
Guidance published in collaboration with several federal agencies was recently handed down to offer voluntary counsel for community banks launching partnerships with FinTechs, according to a recent report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In-app payment issues are at the forefront of an antitrust complaint against Apple by an Indian nonprofit group, which went to the Competition Commission of India (CCI) to make a case against the Silicon Valley technology giant, Reuters reported Thursday (Sept. 2), citing sources and...
Facebook’s WhatsApp was slapped with a record $267 million (€225 million) fine by Ireland’s Data Protection Commission (DPC) for violating the European Union’s (EU) data privacy regulations, CNBC and other news outlets reported on Thursday (Sept. 2). Get the Full Story Complete the form to...
Unfair market practices are at the center of a new crackdown on ride-hailing companies in China, with the country’s Ministry of Transport and other watchdogs ordering 11 app-driven platforms to halt unfair practices, the Associated Press and other news outlets reported on Thursday (Sept. 2)....
