Through a settlement with online lender Enova International, Inc., The Consumer Financial Protection Bureau (CFPB) announced on Friday (Jan. 25) that the company would, among other conditions, pay a civil money penalty of $3.2 million. The company also is prohibited from initiating electronic fund transfers without valid...
More than 70 nations are planning to restart World Trade Organization talks in an effort to create a standard set of rules to govern the sharing of eCommerce and cross-border data. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The United States government is raising concerns about India’s eCommerce regulations that go into effect on Feb. 1, which will prevent companies from selling products through companies in which they have a stake. The rule also prevents them from inking exclusive deals with sellers. Get...
Walgreens has agreed to pay $60 million to settle allegations that it overcharged government healthcare plans for prescription drugs. 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...
World leaders from countries including Japan, South Africa, China, and Germany said there should be global oversight of the technology industry, underscoring the interest internationally to regulate tech, which is an area where the U.S. leads. Get the Full Story Complete the form to unlock...
Tech giants like Facebook, Apple, Google, Twitter and Microsoft spent $64 million last year in the hopes of helping to influence regulations and combat increased scrutiny from U.S. politicians, according to a report in The Washington Post. Get the Full Story Complete the form to...
As the Feb. 3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. Now the operators of sports betting...
Deutsche Bank’s handling of billions of dollars in suspicious transactions from Danske Bank’s Estonian branch is raising the ire of the Federal Reserve, which is looking into it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Mastercard was slapped with a $648.3 million fine by the European Union, which alleged that the payments company raised the costs of card payments artificially. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
