Legal & Regulation

Bank Regulation
UK Regulator Awards Full Bank License To Cashplus
February 04, 2021

Cashplus, a credit card lender for small- to mid-sized enterprises (SMEs), has now become a full bank for SMEs in the U.K., a report from AltFi says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

AML
Shifting Crypto Regulations Spotlight Need For ID Verification
February 04, 2021

In a bid to bring better transparency to corporate actions — and reduce fraud — in the digital age, the regulatory landscape is shifting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Robinhood Confronting Over 30 Civil Lawsuits For Curbing Trading
February 03, 2021

Digital investing startup Robinhood is looking at 30-plus civil lawsuits days after it limited stock buys for GameStop on its app, The Wall Street Journal (WSJ) reported Wednesday (Feb. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

ANTITRUST
ByteDance Lawsuit Alleges Tencent Violated China’s Antitrust Laws
February 02, 2021

ByteDance’s Douyin launched a lawsuit against Tencent Holdings alleging that its WeChat and QQ platforms are in violation of China’s antitrust laws, Bloomberg reported on Tuesday (Feb. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
Germany Plans To Strengthen BaFin’s Leadership Team
February 02, 2021

Germany is looking to beef up the leadership of its Federal Financial Supervisory Authority (BaFin) and plans to hire top experts to oversee regulations, Bloomberg reported on Tuesday (Feb. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

ANTITRUST
UK Antitrust Agency Orders Viagogo To Divest Chunk Of StubHub Operations
February 02, 2021

Citing competition concerns, the U.K.’s antitrust watchdog is ordering Viagogo to sell StubHub’s international business. 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,...

Legal & Regulation
Big Tech Compliance Tracker: French Finance Minister Embraces US Shift On Big Tech Tax; USC,...
February 01, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

AML
New York’s Apple Bank Slapped With $12.5 Million AML Fine
February 01, 2021

Manhasset, New York-headquartered Apple Bank For Savings will have to pay a $12.5 million fine for violating anti-money laundering (AML) regulations, The Wall Street Journal reported on Monday (Feb. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Republicans Propose $600 Billion COVID Stimulus Compromise
January 31, 2021

Ten Republican senators are calling on President Joe Biden to consider a smaller, less costly $600 billion COVID-19 relief bill, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...