If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be...
A week after the U.S. Securities and Exchange Commission filed a lawsuit against Ripple Labs and some of its executives, alleging the company illegally skirted laws by classifying its XRP cryptocurrency as a commodity rather than a security, a Missouri man has sued Coinbase over...
Payactiv‘s Earned Wage Access (EWA) program is exempt from federal lending law under new rules from the Consumer Finance Protection Bureau (CFPB), according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Senate Majority Leader Mitch McConnell fired the first shot Tuesday (Dec. 29) in what is likely to be weeklong battle over a proposal to send $2,000 stimulus checks to most Americans. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A dispute over worker bonuses initially led to a job action — and now a court case in Poland — claiming that the U.K.-based FinTech Revolut dismissed an employee who spoke up over the issue, the Financial Times reported. The new legal case is the...
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...