Legal & Regulation

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...

Legal & Regulation
Big Tech Compliance Tracker: Malaysia Gets Approximately $107 Million In Digital Services Taxes; FAA Approves...
January 04, 2021

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

Legal & Regulation
PayPal Wins Prepaid Card Regulation Lawsuit Against CFPB
January 04, 2021

FinTech giant PayPal has won a lawsuit against the U.S. Consumer Financial Protection Bureau (CFPB) pertaining to rules regarding prepaid cards and digital wallets, Westlaw Today reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

AML
Congress Eyes New AML Rules For Antiquities Trade
January 03, 2021

New legislation passed by Congress will implement new regulations on the antiquities trade in order to hopefully crack down on the possibility of money laundering or other crimes, The New York Times (NYT) writes. Get the Full Story Complete the form to unlock this article...

Bank Regulation
Banks May Withhold Stimulus Checks To Cover Overdraft Fees
January 03, 2021

Some intended COVID-19 stimulus beneficiaries won’t see any money the federal government sends them through direct deposits because unpaid overdraft fees will more than consume newly injected funds, The New York Times reports. Get the Full Story Complete the form to unlock this article and...