Legal & Regulation

Legal & Regulation
PayPal Sues CFPB Over ‘Misleading’ Digital Wallet Disclosure Rules
December 12, 2019

PayPal has filed suit against the Consumer Financial Protection Bureau (CFPB), alleging that the agency has dismissed its arguments that digital wallets do not operate in the same way as reloadable debit cards — and that disclosure rules mandated by the agency require the payments...

Legal & Regulation
Senators Demand That Big Tech Releases Encrypted Data To Law Enforcement
December 11, 2019

U.S. senators went head to head with executives of Apple and Facebook on Tuesday (Dec. 10) over the companies’ decision to use encryption technology, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

ANTITRUST
DOJ To Wrap Up Probe Into Facebook, Google, Amazon, Apple In 2020
December 11, 2019

U.S. Attorney General William Barr said that he wants the government probes into big tech companies completed by 2020, according to a report Tuesday (Dec. 9) by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Legal & Regulation
India Bill Aims To Tighten Regulations For Tech Data Collection
December 10, 2019

India has proposed new rules regarding how technology companies use data, and the proposal is similar to Europe’s GDPR regulation, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Personal Data Protection Bill Makes Headway In India
December 10, 2019

In India, the Personal Data Protection Bill is making headway. 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 daily newsletter, PYMNTS Today. By completing this...

ANTITRUST
State AGs To Fight T-Mobile-Sprint Merger In Federal Trial
December 09, 2019

A group of state attorneys general are getting set to fight against the T-Mobile and Sprint merger in an unprecedented federal trial. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
Regulators Call For ‘Vigilant Monitoring’ Of Big Tech’s Financial Data Use
December 09, 2019

As a way to prevent unfair competition, the Financial Stability Board (FSB) said in a report on Sunday (Dec. 8) that there should be “vigilant monitoring” of Big Tech’s move into financial services. Firms like Google, Alibaba and Facebook could be forced to share data...

Bank Regulation
Deutsche Bank Settles AML Scandal For $16M
December 06, 2019

Deutsche Bank has settled a case with Frankfurt prosecutors that involved a raid on its offices and resulted in a huge hit on earnings and stock value over suspected money laundering, according to a report by Bloomberg.  Get the Full Story Complete the form to...

AML
EU Calls For Anti-Money Laundering Reforms
December 05, 2019

European Union finance ministers on Thursday (Dec. 5) agreed on strategy for anti-money laundering (AML) reforms and countering the financing of terrorism, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...