Legal & Regulation

ANTITRUST
Apple Appeals Ruling in Antitrust Case Brought by Fortnite Creator
October 10, 2021

A court battle between Apple and Epic Games will continue, with Apple saying Friday (Oct. 8) that it is appealing a ruling in an antitrust case brought by the Fortnite creator, Reuters reported Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
XRP Prices Up Despite Ongoing Ripple SEC Woes
October 10, 2021

The cryptocurrency XRP hit $1.23 Saturday (Oct. 9), up by over 9% in 24 hours, while its blockchain payments network Ripple is in the middle of an ongoing courtroom drama with the U.S. Securities and Exchange Commission (SEC), Decrypt reported. Get the Full Story Complete...

Legal & Regulation
White House Considering Tech-Focused Bill of Rights
October 09, 2021

The White House Office of Science and Technology Policy is urging President Joe Biden to adopt a tech-related bill of rights, focused primarily on artificial intelligence (AI)-related issues, according to a Friday (Oct. 8) Associated Press report. Get the Full Story Complete the form to...

Legal & Regulation
Citigroup Claims $11B Lex Foundation Lawsuit Is Fraudulent
October 08, 2021

Citigroup says the $11 billion lawsuit from a mysterious money manager is the work of a “fantasist” trying to extort the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

ANTITRUST
NFC Fine Looms for Apple, But Competitive Shifts Costly Over Long Run
October 07, 2021

For Apple … First off: the size of the fine may not matter much. But the impact to the business model, to the tech giant’s competitive standing … well, that will matter. Get the Full Story Complete the form to unlock this article and enjoy...

AML
UK Bank NatWest Pleads Guilty in Money Laundering Case
October 07, 2021

U.K. bank NatWest pleaded guilty to three criminal charges stemming from its failure to avert the laundering of close to 400 million pounds, or $544 million, from 2012 through 2016, according to a Thursday (Oct. 7) report from Reuters. The bank faces a hefty fine of...

ANTITRUST
Apple May Face EU Charges Over Blocking Rivals Access to iPhone NFC
October 06, 2021

As early as next year Apple could be hit with charges, as well as a steep antitrust fine from the European Union (EU) over its near-field communications (NFC) chip technology, according to a Wednesday (Oct. 6) report from Reuters citing sources. The European Commission can...

Legal & Regulation
DoorDash Files Another Lawsuit Against NYC
October 05, 2021

Online food ordering company DoorDash Inc. has filed a lawsuit against New York City stemming from a new law mandating that food delivery companies share customer data with restaurants, according to a Tuesday (Oct. 5) report from Reuters. The food delivery company argued that the city’s...

Legal & Regulation
GDPR Fines Exceed $1.1B in Q3
October 04, 2021

The General Data Protection Regulation (GDPR)’s 984.47 million euro fines (more than $1.14 billion) in the third quarter of 2021 was almost 20 times higher than the combined total of Q1 and Q2, and triple the total amount of fines in all of 2020, according...