Here’s the latest news from companies in the technology industry, which are coming under increasing scrutiny from officials and criticism from competitors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Financial regulators in China are moving to curb the influence of Jack Ma‘s Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. Get the...
President Donald Trump has signed a sweeping $900 billion pandemic relief bill on Sunday night (Dec. 27), The Wall Street Journal (WSJ) writes, averting a government shutdown and allowing millions of Americans help as the pandemic continues through the new year. Get the Full Story...
The Chinese government’s previously announced antitrust investigation of Alibaba Group Holding Ltd. is focusing on whether the internet giant refused access to its online marketplace to vendors that also wanted to sell elsewhere, according to an official Chinese government website. Get the Full Story Complete...
PNC Financial Services Group has filed a lawsuit against Plaid in U.S. District Court in Pennslyvania alleging trademark counterfeiting, trademark infringement, false advertising and other wrongdoing for reputedly using PNC’s name and logo in Plaid apps. Get the Full Story Complete the form to unlock this...
The Consumer Financial Protection Bureau (CFPB) has settled with student loan servicers Discover Bank, The Student Loan Corporation and Discover Products (collectively Discover) in a 2015 case for unlawful practices, and Discover will have to pay $10 million in customer redress, a press release says....
Santander Consumer USA was ordered to pay $4.7 million to the Consumer Financial Protection Bureau (CFPB) for violating the Fair Credit Reporting Act (FCRA), the CFPB said in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
While Facebook has said it is open to liability reform that would make websites more accountable for posted content, smaller players are concerned that they wouldn’t be able to afford the costs of expanded liability. Get the Full Story Complete the form to unlock this...
The U.S. government sued Walmart Tuesday (Dec. 22), claiming that the retail giant exacerbated the country’s opioid crisis by not sufficiently keeping watch for suspect prescriptions despite warnings by its own pharmacists about the problem, The Wall Street Journal reported. Get the Full Story Complete...
