Legal & Regulation

Legal & Regulation
GDPR Penalties Escalate As EU Officials Crack Down
January 19, 2021

Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators stepped up enforcement efforts, Financial Times (FT) reported on Tuesday (Jan. 19). Get the Full Story Complete the form to unlock this...

Legal & Regulation
FAA OKs American Robotics Drones To Fly Without Human Operators
January 17, 2021

The Federal Aviation Administration is letting commercial drone-maker American Robotics operate drones without on-site pilots — but with a number of caveats, according to a decision recently posted on the agency’s website. Get the Full Story Complete the form to unlock this article and enjoy...

ANTITRUST
Two Obama Officials Are Frontrunners For Biden’s Top Antitrust Job
January 17, 2021

President-elect Joe Biden is looking at two ex-President Barack Obama officials to run the top antitrust job at the U.S. Department of Justice (DOJ), Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Ant Group Overhauling Operations To Satisfy Chinese Regulators 
January 15, 2021

After having its $37 billion dual IPO pulled by Beijing, Jack Ma’s Ant Group is working fast to overhaul operations to comply with government regulations, The Wall Street Journal reported on Friday (Jan. 15). Get the Full Story Complete the form to unlock this article...

Bank Regulation
OCC Finalizes Long-Held Rule On Banking Equality
January 14, 2021

The Office of the Comptroller of the Currency (OCC) released a finalized rule on ensuring fair access to banking services from large national banks, federal savings associations, and federal branches and agencies of foreign bank organizations, according to a press release. Get the Full Story...

ANTITRUST
Epic Doubles Down On Legal Battle With Apple
January 14, 2021

The dispute between Epic Games and Apple is deepening, Bloomberg said Thursday (Jan. 14), as Epic decries the removal of its popular Fortnite game from the App Store as unlawful. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
Amazon Says Parler Lawsuit Is Invalid Because Of Terms Of Service Violations
January 14, 2021

Amazon has hit back against social media site Parler in its lawsuit over the site’s removal from the cloud of Amazon Web Services (AWS), court documents say. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

ANTITRUST
Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business
January 14, 2021

Connecticut Attorney General William Tong is launching an antitrust probe into how Amazon runs its eBook business, the Wall Street Journal (WSJ) reported on Thursday (Jan. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

ANTITRUST
Singapore Competition Board: Uber Must Pay S$6.6 Million Fine Over Merger Deal
January 13, 2021

Singapore’s Competition Appeals Board has upheld fines of S$6.6 million (Singapore dollars) levied against Uber, affirming that its merger deal with ride-hailing rival Grab had curbed competition in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...