Legal & Regulation

Legal & Regulation
Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States
December 17, 2020

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google, accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Robinhood To Pay $65 Million To Settle SEC Probe
December 17, 2020

The investigation into Robinhood by the  U.S. Securities and Exchange Commission has come to a head — and the stock-trading platform has agreed to pay $65 million to settle claims that it did not do enough to inform customers about its business deals with high-speed...

ANTITRUST
Mexican Regulator Says Credit, Debit Processing Too Highly Concentrated
December 16, 2020

According to Mexican regulators, the two companies in charge of the country’s credit and debit settlements represent “a near monopoly,” and big businesses need to sell shares in those companies, the Associated Press (AP) reported. Get the Full Story Complete the form to unlock this...

ANTITRUST
Google Faces Lawsuit From Multiple States Over Digital Ad Tactics
December 16, 2020

A new lawsuit from multiple states alleges that Google used its digital advertising business to harm consumers, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
Congress Calls For New Pandemic Stimulus Round ASAP
December 16, 2020

Democratic congressional leaders are looking to approve a second stimulus check as part of the next coronavirus relief bill, the Wall Street Journal reported on Wednesday (Dec. 16).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
EU Releases First Drafts For Digital Services, Digital Markets Acts
December 15, 2020

The European Commission released on Tuesday (Dec. 15) extensive potential new regulations for digital services that would cover online marketplaces, social media and other platforms, offering first drafts for the Digital Markets Act (DMA) and the Digital Services Act (DSA) to the public. The draft...

Bank Regulation
UK Regulators Fine Barclays $31 Million For Poor Treatment Of Credit Customers
December 15, 2020

The U.K.’s Financial Conduct Authority (FCA) has fined Barclays £26 million ($31.6 million) for its treatment of consumer credit customers who fell into arrears on their loans or experienced other financial difficulties. Get the Full Story Complete the form to unlock this article and enjoy...

ANTITRUST
EU Threatens Big Tech Breakup Over Anti-Competitive Practices
December 15, 2020

As Brussels published its tech legislation drafts, the European Union (EU) warned that it would break up Big Tech for repeated practices that are deemed anti-competitive, the Financial Times (FT) reported on Tuesday (Dec. 15). Get the Full Story Complete the form to unlock this...

Legal & Regulation
Big Tech Compliance Tracker: France Fines Amazon And Google $164 Million; Australia Warns Facebook And...
December 14, 2020

Here’s the latest news from the technology industry, which is coming under increasing 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. yesSubscribe...