Legal & Regulation

Legal & Regulation
Big Tech Compliance Tracker: EU Unveils Drafts Of New Big Tech Regs; Facebook To Move...
December 21, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments in the U.S., the U.K. and Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
China Eyes Limits On Bank, FinTech Partnerships
December 20, 2020

Chinese officials may limit the number of financial institutions to which any single FinTech platform may connect, Reuters reported, citing coverage by state media. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Legal & Regulation
Apple iOS, macOS Exec Ordered To Testify In Epic Suit
December 18, 2020

Top Apple executive Craig Federighi, who oversees the iOS and macOS operating systems, has been ordered by a federal judge to testify in the lawsuit Epic Games brought against the Cupertino, California-based company, Apple Insider reported. Get the Full Story Complete the form to unlock...

Legal & Regulation
Congress Agrees Avoid Federal Shutdown For 48 Hours As Lawmakers Try To Reach Stimulus Deal
December 18, 2020

The U.S. House and Senate passed an agreement Friday evening (Dec. 18) to postpone a government shutdown for 48 Hours as Capitol Hill lawmakers prepared to settle in for a working weekend in a bid to pass a COVID-19 stimulus bill. President Donald Trump later...

AML
Swiss Prosecutors Charge Credit Suisse Over Alleged Drug Money Laundering
December 18, 2020

Credit Suisse has been indicted by Swiss prosecutors for allegedly failing to prevent money laundering, Bloomberg reports, adding that a former bank manager was also indicted alongside Credit Suisse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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...