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...
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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...
Facebook, Inc. CEO Mark Zuckerberg detailed actions to reform a long-standing regulation that pertains to the internet in written testimony ahead of a Thursday (March 25) hearing before a U.S. House of Representatives committee. Get the Full Story Complete the form to unlock this article...
Democrats in the U.S. Congress could introduce 10-plus bills involving antitrust concerns, according to a report from 9to5Mac. That could be an alternative to one, giant all-encompassing bill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Lina Khan, an associate Columbia Law School professor who writes about antitrust law, is now President Joe Biden’s nomination for commissioner of the Federal Trade Commission (FTC), according to a press release from The White House. Get the Full Story Complete the form to unlock...
Here’s the latest news from the technology industry, which is coming under increasing 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, PYMNTS...
