HSBC reportedly agreed to pay 268 million euros (about $312.9 million) to French tax authorities to settle charges of tax fraud. French prosecutors alleged that between 2014 and 2019, the bank’s French arm engaged in intra-group trading transactions that were designed to benefit from a...
Elon Musk’s suit against OpenAI has reportedly been cleared to proceed to court. The multi-billionaire convinced a judge Wednesday (Jan. 7) to permit a jury trial on his claim that the AI startup had violated its mission with its switch to a for-profit organization, per Reuters. Musk was one...
Ticketmaster and its parent company Live Nation reportedly asked a federal judge Tuesday (Jan. 6) to dismiss a Federal Trade Commission (FTC) lawsuit accusing them of illegal coordination with brokers. The company said in court papers that the law the FTC accused them of violating, the Better Online...
Earned wage access is moving to solidify status as a core feature of modern work, reshaping how millions of workers manage cash flow between paydays. That growth has been driven by persistent financial strain and shifting expectations around immediacy. PYMNTS Intelligence research produced with Ingo...
The Supreme Court has scheduled an opinion day for Friday (Jan. 9). And as Bloomberg News noted in a report Tuesday (Jan. 6), that’s a sign that a decision on White House tariffs could be coming soon. While the court never says what rulings are...
Connection to the Federal Reserve has always meant more than mere plumbing. It is the difference between operating at the edge of the financial system and being wired into its core, where money settles, risk is absorbed, and confidence is enforced. For decades, that connection...
Watch more: TechReg Talks with Rodney Hood The U.S. banking charter, as the name implies, has traditionally been the preserve of legacy institutions built on branches, balance sheets and incremental change. In other words, it’s been the preserve of banks. Today, that boundary is dissolving....
The U.S. Department of Transportation (DOT) is pivoting away from aggressive regulatory oversight of the airline industry, part of a broader deregulatory agenda that aims to reduce the government’s ability to hold airlines accountable for violations of consumer protection and civil rights laws. According to...
A federal court has approved a settlement in which Disney will pay $10 million in civil penalties to resolve allegations that it violated children’s privacy laws. The case was brought by the Justice Department after the Federal Trade Commission (FTC) investigated the matter and negotiated...