European Union (EU) regulators want feedback from users and digital service providers before they craft new rules that could manage giant tech firms Google, Facebook, Amazon and Uber, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Payments processing giant First Data Merchant Services and one of its executives will pay $40.3 million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). Get the...
U.S. Sen. Elizabeth Warren (D-Mass.) wants the Federal Reserve Bank to draw up stringent regulations for corporate recipients of U.S. bailout funds – and to prosecute company executives if they “provide fraudulent or misleading information or misuse funds.” Get the Full Story Complete the form...
Google is likely to face antitrust lawsuits from the U.S. Department of Justice and a group of state attorneys general, The Wall Street Journal is reporting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Six Republican lawmakers have opposed a Democratic Party initiative in Congress to ban mergers and acquisitions (M&A) between large companies during the pandemic, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The Pandemic Anti-Monopoly Act proposed by Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez might not be the best move during the coronavirus pandemic, according to Makan Delrahim, the top antitrust official at the Department of Justice (DOJ). Get the Full Story Complete the form to...
As the deadline looms for businesses to return Paycheck Protection Program (PPP) loans they were ineligible for, a California software company is suing the Small Business Administration (SBA) and the U.S. Treasury Department. Get the Full Story Complete the form to unlock this article and...
As the coronavirus started sweeping across the U.S. in March, universities moved classrooms online and locked the doors. Many students, however, don’t feel they are getting a return on their tuition investment and have launched lawsuits demanding reimbursement. Get the Full Story Complete the form...
A little-known Puerto Rican company, Bitcoin Manipulation Abatement (BMA), has filed a lawsuit against Ripple, accusing the blockchain firm of breaking rules when it ran a recent securities sale, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...