The Financial Conduct Authority, the U.K.’s markets regulator, released plans Wednesday (March 31) to reform its rules governing special-purpose acquisition companies (SPACs). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The U.K.’s Payment Systems Regulator (PSR) has accused five companies in the prepaid card market of operating as a “cartel” by agreeing to not compete or poach each other’s customers. The PSR issued a statement of objection on Wednesday (March 31) based on the behavior of...
Delivery service DoorDash is suing business partner Olo, accusing the software provider of overcharging it by millions of dollars for several years. Olo had acknowledged in a legal filing ahead of its initial public offering of stock that DoorDash was seeking “damages in excess of...
Fortnite creator Epic Games filed an official complaint with the U.K. Competition and Markets Authority (CMA) as a way to voice solidarity in the antitrust regulator’s investigation into Apple, Reuters reported on Tuesday (March 30). Get the Full Story Complete the form to unlock this article...
Mobile savings app Beam has shut down after reaching a tentative settlement with the Federal Trade Commission (FTC) over a case last year in which dozens of customers had trouble extracting their money, CNBC reported. Get the Full Story Complete the form to unlock this...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. 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...
Already facing a historic $19 billion class-action suit in the U.K., Mastercard is fighting an attempt to add compound interest to the plaintiff’s claim. According to Reuters, the credit card company pushed back against the notion of compound interest in court this week during a...
Tencent doesn’t expect a serious impact to its business if it folds its FinTech business into a financial holding company as recommended by regulators, Bloomberg writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Consumer Financial Protection Bureau (CFPB) found in its Consumer Response Annual Report for 2020 that there were about 542,300 complaints last year, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
