Legal & Regulation

ANTITRUST
Japan’s FTC Raids Rakuten Over Merchants’ Shipping Complaints
February 10, 2020

The Japan Fair Trade Commission (JFTC), the country’s antitrust watchdog, searched the Tokyo headquarters of eCommerce giant Rakuten on Monday (Feb. 10) over complaints about its free shipping policy, numerous reports indicated. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
New EU Card Rules Could Confuse Customers
February 07, 2020

The European Union has issued new rules for contactless payments, which has caused confusion and forced one digital bank to issue new cards, according to a report in the Telegraph. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
Will The Federal Government Clear EVs’ Ignition Roadblocks?
February 07, 2020

While the electric car has long been touted as the future of transportation, it bears remembering that while electric vehicles (EVs) have been cool in the post-Tesla world, they are hardly new. The first electric vehicles started driving on America’s streets in the early 1890s...

Legal & Regulation
SEC Proposal Would Allow Token Sales Under Current Securities Laws
February 06, 2020

Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise money using digital tokens under current law, but that there would be stipulations, according to a report by Reuters. Get the Full Story...

CFPB
Waters Tells CFPB Head To Do Better
February 06, 2020

The chairwoman of the U.S. House Committee on Financial Services, Maxine Waters, told the head of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger, that the organization needs to do better. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Afterpay Pushes Back Against Australia’s Fee Regulation
February 06, 2020

Buy now, pay later (BNPL) company Afterpay has pushed back against the Reserve Bank of Australia’s potential regulation of its fees. Afterpay claims it shouldn’t be considered as a payment system because of its smaller scale, and due to the fact that it must go...

Bank Regulation
Lawmakers Grill Consumer Groups On ‘Rent-A-Bank’ Schemes
February 06, 2020

At a Wednesday (Feb. 5) hearing before the House Financial Services Committee, representatives from several consumer groups said “rent-a-bank” schemes harm consumers through predatory lending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

ANTITRUST
EU Seeks Internal Facebook Records Amid Antitrust Probe
February 06, 2020

Antitrust investigators from the European Union (EU) have requested internal records from Facebook as its investigation into the tech giant intensifies, The Wall Street Journal reported on Thursday (Feb. 6), citing sources. Get the Full Story Complete the form to unlock this article and enjoy...

ANTITRUST
DOJ Takes Aim At Google Ad Tools Amid Antitrust Investigation
February 05, 2020

Google ad tools have taken center stage in the Justice Department’s antitrust investigation of the search giant. 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...