Legal & Regulation

Legal & Regulation
Rhode Island Governor Tapped As Biden’s Commerce Secretary
January 11, 2021

President-elect Joe Biden has tapped second-term Rhode Island Gov. Gina Raimondo, a former venture capitalist, to serve as commerce chief, according to The Hill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Big Tech Compliance Tracker: US Trade Rep Says Digital Taxes Discriminate Against US Firms; Facebook...
January 11, 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....

Bank Regulation
China Tightens Scrutiny Of Consumer Lending By Tech Giants
January 11, 2021

Ant Group, Tencent and JD.com are facing a crackdown by Beijing over concerns of over-lending to consumers through their platforms, a major cash cow for the Chinese tech giants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Robinhood User Sues Platform After Account Hacked
January 10, 2021

A California man has sued Robinhood Financial and Robinhood Securities, claiming he lost thousands of dollars after his brokerage account with the firm was breeched, according to a complaint. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Big Tech Likely To See Pressure From Biden Administration
January 07, 2021

Out of all of the chaos that has engulfed politics and, specifically, the nation’s capital these last few days, it bears sifting through the headlines and the tumult to see what’s to come. Get the Full Story Complete the form to unlock this article and...

Legal & Regulation
NY Governor Unveils Plan To Allow Mobile Sports Betting
January 06, 2021

New York Gov. Andrew M. Cuomo has unveiled a plan to allow mobile sports betting in the Empire State, Wednesday (Jan. 6) according to several reports and a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Labor Department Clarifies Independent Contractor Standard
January 06, 2021

The Department of Labor has defined the question of whether a worker is an independent contractor or an employee by saying it depends on the nature of the work and the worker’s opportunity for profit and loss, according to a Wednesday (Jan. 6) press release...

Legal & Regulation
Trump Executive Order Bans Transactions With Alipay, 7 Other Chinese Companies
January 05, 2021

President Donald Trump has banned transactions with eight Chinese software applications, including Ant Group‘s Alipay, which will escalate tensions with Beijing as he prepares to leave office later this month, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy...

Bank Regulation
China’s Bank Regulators Move To Shore Up At-Risk Rural Banks
January 05, 2021

China’s Banking and Insurance Regulatory Commission (CBIRC) is encouraging investors such as companies and non-bank financial groups to acquire and provide additional capital to shore up at-risk rural banks, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy...