Legal & Regulation

Legal & Regulation
Germany Plans To Strengthen BaFin’s Leadership Team
February 02, 2021

Germany is looking to beef up the leadership of its Federal Financial Supervisory Authority (BaFin) and plans to hire top experts to oversee regulations, Bloomberg reported on Tuesday (Feb. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

ANTITRUST
UK Antitrust Agency Orders Viagogo To Divest Chunk Of StubHub Operations
February 02, 2021

Citing competition concerns, the U.K.’s antitrust watchdog is ordering Viagogo to sell StubHub’s international business. 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 to our daily newsletter,...

Legal & Regulation
Big Tech Compliance Tracker: French Finance Minister Embraces US Shift On Big Tech Tax; USC,...
February 01, 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....

AML
New York’s Apple Bank Slapped With $12.5 Million AML Fine
February 01, 2021

Manhasset, New York-headquartered Apple Bank For Savings will have to pay a $12.5 million fine for violating anti-money laundering (AML) regulations, The Wall Street Journal reported on Monday (Feb. 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Legal & Regulation
Republicans Propose $600 Billion COVID Stimulus Compromise
January 31, 2021

Ten Republican senators are calling on President Joe Biden to consider a smaller, less costly $600 billion COVID-19 relief bill, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
European Legislators Willing To Delay Big Tech Hearing
January 29, 2021

Legislators in the European Union have informed Alphabet, Facebook, Apple and Amazon that they are open to delaying a potential hearing beyond Feb. 1, its initially scheduled date, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

ANTITRUST
Competition Concerns Spark UK Probe Into Uber’s Autocab Deal
January 29, 2021

Uber’s planned acquisition of Autocab is being investigated by the U.K.’s Competition and Markets Authority (CMA) for suspected anticompetitive behavior, Reuters reported on Friday (Jan. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Chinese Regulators Demand Jack Ma Restructure Ant Into Financial Holding Firm
January 27, 2021

Responding to pressure from Chinese finance regulators, Jack Ma will restructure Ant Group into a financial holding company, The Wall Street Journal reported on Wednesday (Jan. 27), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

ANTITRUST
New Klobuchar Bill Will Attempt To Curb Monopolies, Big Tech Power
January 26, 2021

Sen. Amy Klobuchar is set to introduce a new bill to curb corporate monopoly power, particularly aiming at Big Tech, The New York Times (NYT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...