A group of key Senate Democrats on Tuesday (Nov. 26) unveiled a far-reaching online privacy bill that levies tough new punishments for tech giants that mishandle users’ personal data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate returns between 2014 and 2018, according to a report by Reuters. Get the Full Story Complete the form to unlock...
Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports, be levied on revenues tied to Czech users across advertising, digital marketplaces...
Airbnb is facing questions from U.S. lawmakers who want information about hosts who go against the company’s policies and don’t comply with local laws. Six members of Congress said in a letter to Brian Chesky, the company’s chief executive officer, that they are especially interested in...
Global insurance executives are worried about the hefty monetary awards juries have been handing out to plaintiffs. The trend of larger jury payouts, known as “social inflation,” could lead to a $200 billion deficit in global reserves, according to industry vet Stephen Catlin. In fact,...
Former U.S. President Barack Obama is concerned about the impact technology can have on society. 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,...
The House Judiciary Committee passed a bill that would effectively make marijuana legal, the National Cannabis Industry Association (NCIA) announced in a press release on Wednesday (Nov. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The European Central Bank (ECB), the main banking regulator in Europe, has revealed that Malta’s biggest bank failed for years to detect or address thousands of payments that may have been involved in money laundering or other illegal activities. Get the Full Story Complete the...
BB&T and SunTrust have announced that they have received regulatory approval to complete their merger to become Truist Financial Corporation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....