Legal & Regulation

CFPB
CFPB Proposal to Help SMBs Gain Access to Credit
September 01, 2021

The Consumer Financial Protection Bureau (CFPB) proposed a new rule Wednesday (Sept. 1) that will help small- to medium-sized businesses (SMBs) get access to credit, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
SEC’s Gensler Cautions $2T Crypto Space Needs Oversight for Survival
September 01, 2021

The $2.1 trillion cryptocurrency trading space has grown so large so fast that it’s too big to survive without regulatory oversight, Securities and Exchange Commission (SEC) Chairman Gary Gensler told the Financial Times on Wednesday (Sept. 1). Get the Full Story Complete the form to...

Legal & Regulation
Fake COVID-19 Vax Cards Lead to Charges for 15 in New York
August 31, 2021

Fifteen people are facing allegations that they were part of a scheme that involved the creation of fake COVID-19vaccination cards after Manhattan District Attorney Cyrus Vance Jr. filed the charges on Tuesday (Aug. 31), according to an announcement from the New York District Attorney’s Office....

Legal & Regulation
Google, Facebook, Microsoft Account for More Than 15% of Total EU Lobbying
August 31, 2021

More than 600 companies, groups and associations spend 97 million euros ($114 million) each year lobbying the European Union regarding online economy regulations, according to Reuters. Of those lobbying efforts, three companies — Google, Facebook and Microsoft — account for approximately 17 percent, or 16.5...

Legal & Regulation
Robinhood Shares Fall as SEC Mulls Banning Payment for Order Flow
August 31, 2021

Shares of Robinhood fell on Tuesday (Aug. 31) after the Securities and Exchange Commission (SEC) Chairman Gary Gensler indicated that he is mulling a full ban of payment for order flow, a method that yields the majority of the online trading platform’s revenue, according to...

Legal & Regulation
Amazon Asks India Regulators to Nix Future Group Sale
August 30, 2021

Amazon has asked India’s market regulator, the Securities and Exchange Board of India (SEBI), to withdraw its conditional approval of competitor Future Group’s $3.4 billion assets sale of its retail operation to Reliance Industries, Reuters reported Monday (Aug. 30). Get the Full Story Complete the...

Legal & Regulation
China Regulators Cracking Down on Peer-to-Peer Sharing Economy
August 30, 2021

China’s State Administration of Market Regulation (SAMR) said on Monday (Aug. 30) that it plans to beef up its supervision of the country’s peer-to-peer (P2P) sharing economy, in which consumers share goods and services through an online platform. Get the Full Story Complete the form...

Legal & Regulation
China’s New Digital Double Standard Would Hobble Big Tech While Helping Itself To Data
August 30, 2021

If data represents the “new oil,” as they say – powering the engines of commerce and media in China – one wonders what happens when the government throws sand in the gears, as it appears may happen. Get the Full Story Complete the form to...

Legal & Regulation
Australia Mulls Regulations For Apple Pay, Google Pay, Other Big Tech Players
August 30, 2021

The Australian government is looking into the best way to overhaul its current infrastructure for financial regulation to enable stronger oversight of digital wallets and payments from Big Tech companies like Apple, Google, WeChat and others. Get the Full Story Complete the form to unlock...