Legal & Regulation

ANTITRUST
Britain Launches Probe Into Apple Over Alleged Antitrust Violations
March 04, 2021

The Competition and Markets Authority (CMA) has launched a probe into Apple’s App Store over allegations that the terms and conditions violate competition law. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
FinTech Heads Warn UK Mandates Could Throttle New Firms
March 03, 2021

New U.K. FinTech mandates following the Wirecard debacle could make it more difficult for startup firms to launch, according to a Financial Times report citing industry executives. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Eric Schmidt Says US ‘Not Prepared’ For AI Competition
March 02, 2021

The U.S. is currently unprepared to compete in the artificial intelligence (AI) age that is already upon us, CNBC reported, quoting a group of experts helmed by former Google CEO Eric Schmidt. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
Big Tech Compliance Tracker: Australia Passes Law To Make Digital Platforms Pay For News; India...
March 02, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments worldwide. 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...

CFPB
Rohit Chopra, Biden CFPB Pick, Will Focus On Pandemic-Rooted Consumer Debt
March 02, 2021

Rohit Chopra, President Joe Biden’s pick to lead the Consumer Financial Protection Bureau (CFPB), plans to go to bat for Americans struggling with debt amid the pandemic, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and...

Bank Regulation
China’s FinTechs Will Be Subject To New Capital Requirements
March 02, 2021

Chinese regulators continue to tighten rules for financial technology companies. On Tuesday (March 3), a top official said that FinTechs will be required to meet new capital requirements by the middle of next year, Reuters reported. Get the Full Story Complete the form to unlock...

Legal & Regulation
Beijing Demands More Consumer Data From Jack Ma’s Ant Group
March 02, 2021

Although Jack Ma agreed to turn over Ant Group’s customer financial data, the People’s Bank of China (PBoC) and Beijing regulators are not satisfied with the quality of what’s been submitted, the Financial Times (FT) reported on Tuesday (Mar. 2), citing sources. Get the Full...

Legal & Regulation
More Tech Firms Pulled Into Battle Between Apple And Epic Games
February 25, 2021

More technology companies are joining either side of the legal battle between Epic Games, the maker of Fortnite, and Apple, with PC games giant Valve being the latest firm to get caught up in the melee, The Wall Street Journal reported on Thursday (Feb. 25). Get...

Legal & Regulation
Social Media Will Soon Face Tough New Regulations In India
February 25, 2021

The Indian government is instituting new regulations that will increase the oversight of social media platforms, streaming services and news outlets, the Financial Times (FT) reported on Thursday (Feb. 25). The new mandates follow a riff between Twitter and the Indian government over the social media...