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...
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...
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...
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...
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...
European Union officials said the type of commission-free share trading for retail investors offered by companies such as Robinhood would not be allowed in the EU, Reuters reported on Tuesday (Feb. 23). EU officials have been looking into such brokerage sites after recent controversies. Get...
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....
The Competition and Markets Authority (CMA), U.K.’s antitrust watchdog, has given Big Tech a heads-up that investigations are imminent, the Financial Times (FT) reported on Monday (Feb. 22). The competition watchdog has said that the next 12 months will be a time of cracking down...
China’s bank regulator is tightening restrictions on internet loans made by commercial banks and looking more into online lenders in general, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
