A bipartisan group of lawmakers came out against the use of facial recognition, citing concerns about misidentification and violations of due process and constitutional rights, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Securities and Exchange Commission (SEC) is ramping up its probe into special purpose acquisition companies (SPACs) and is targeting potential conflicts of interest regarding bank fees when the same financial institution (FI) serves as both underwriter and adviser on the same deal, Reuters reported....
Two courts in London are reviewing two different versions of a £1billion ($1.4 billion) class-action lawsuit alleging foreign exchange price manipulation by at least five large banks that cost customers big bucks, according to a Financial Times report. Get the Full Story Complete the form...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. 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 newsletter,...
British airports and airlines, frustrated with COVID-19 pandemic travel restrictions, took the U.K. government to court, per an AP News article on Friday (July 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The antitrust lawsuit initiated by Epic Games against Apple was given the green light to move forward by the court in Australia in a ruling that overturned the original decision to put the case on hold, 9 to 5 Mac reported on Friday (July 9). Get the...
For Big Tech, is the latest salvo on government regulation — this time in the U.S. — mere saber rattling or an executive order with teeth? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
As a partner in the Financial Services and White Collar Litigation practices at O’Melveny as well as a former deputy chief of the U.S. Department of Justice’s money laundering section, Laurel Loomis Rimon has a unique private-public sector purview of what is involved in stopping...
Lloyds Bank was hit with a fine totaling £90 million by the U.K. Financial Conduct Authority (FCA), it’s biggest since 2019 and the second largest in the agency’s history, the Financial Times reported on Thursday (July 8). Get the Full Story Complete the form to...
