Legal & Regulation

Legal & Regulation
New BCFP Director: Privacy, Data Security Are Priorities
December 12, 2018

Kathy Kraninger, the new head of the Consumer Financial Protection Bureau (CFPB), has said that she’ll prioritize the protection of consumers over regulatory issues, according to a report by the Chicago Tribune. Get the Full Story Complete the form to unlock this article and enjoy...

Legal & Regulation
Qualcomm Tells China Court Apple Still Selling Banned iPhones
December 12, 2018

Despite a court order in China barring Apple from selling some of its iPhones over a patent dispute with Qualcomm, the Cupertino, California company is still selling all of its devices in the country. Get the Full Story Complete the form to unlock this article...

Legal & Regulation
Amid GDPR Probe, Mobike To Sell Europe Branch
December 12, 2018

Chinese bike-sharing company Mobike might be looking to spin off its European arm after it was revealed that it’s being investigated for possible breach of the European Union’s (EU’s) General Data Protection Regulation (GDPR). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
Facebook, Google May See Increased Regulation In Australia
December 11, 2018

The Australian Competition and Consumer Commission (ACCC) earlier this week published a series of recommendations to push back against the influence U.S. tech giants are having on society in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Legal & Regulation
China’s Mobike Investigated Over GDPR
December 10, 2018

Chinese bike-sharing company Mobike is being investigated by German regulators for potentially being in breach of the EU’s General Data Protection Regulation (GDPR). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Bank Regulation
Fed To Wells: Reform Or See Growth Stall
December 10, 2018

Wells Fargo won’t be allowed to grow until it hardens its risk management policies to make sure there are no more abuses of customers, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Legal & Regulation
HSBC, Standard Chartered Misled By Huawei
December 10, 2018

HSBC Holdings and Standard Chartered, the two U.K. banks, have been embroiled in the Huawei Technologies scandal in which Canada arrested the company’s Chief Financial Officer Meng Wanzhou at the request of U.S. authorities, prompting China to warn Canada to release the CFO or face...

ANTITRUST
Amazon Hit With Antitrust Complaint In Austria
December 10, 2018

Amazon, the country’s largest eCommerce player, has seen retailers in Austria file a complaint with their country’s competition authority over the company’s roles as both a retailer and a marketplace. Amazon’s business model is structured so that it sells products directly to consumers and enables third-party...

Legal & Regulation
Amid AML Efforts, Regulators Focus On FinTech
December 10, 2018

Much regulatory focus this past week came with headlines on anti-money-laundering efforts, aided by tech. 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,...