Sections
Regulation
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1.0KUK Investigating Facial Recognition Use In London
The data protection regulator for the U.K. has opened an investigation into the use of facial recognition technology at property developer Argent’s...
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2.3KFinCEN Director On Why Casino Cooperation Is Central To Fighting Financial Crime
Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. Blanco took...
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1.8KFTC Chief Says Breaking Up Big Tech Is On The Table
The chief of the U.S. Federal Trade Commission (FTC) said he’d he’d be willing to break up tech companies if necessary, according...
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2.6KFCA Agrees To 18-Month SCA Implementation Timeframe
The Financial Conduct Authority said Tuesday (Aug. 13) that it has agreed to a phased implementation of the Strong Customer Authentication (SCA)...
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1.2KUber Fined $629K By Colombia For Blocking Regulators’ Access
The commerce regulator in Colombia said it will fine Uber over $629,000 because the ride-hailing firm obstructed a regulatory visit two years...
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1.6KEU Could Hand Down Facebook Privacy Decisions By Year End
The European Union’s Facebook investigations under the bloc’s new privacy laws could wrap up by the end of this year, The Wall Street...
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1.2KHow SCA Exemptions Are Affecting European eTailers
SCA requirements take effect on Sept. 14, meaning banks, issuers and merchants have just over a month to become compliant. Noncompliance could...
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2.3KWhite House Calls For FCC To Regulate Social Media Content
The White House has drafted an executive order that would put the Federal Communications Commission (FCC) in charge of what large tech...
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1.4KEuroCommerce On Why Merchant, Consumer Awareness Is Critical To SCA
Twenty-five percent of EU merchants are unaware of PSD2’s SCA requirement — and even more are unprepared. And come Sept. 14, exemptions...
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1.9KReady Or Not, Strong Customer Authentication Is Coming
As September approaches, the deadline for EU merchants to implement Strong Customer Authentication (SCA) is looming. But according to the PSD2 Tracker,...
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1.4KFBI Wants More Access To Facebook Data To Monitor Threats
The Federal Bureau of Investigation wants to be able to have more access to social media to monitor potential threats, according to...
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4.0KAs SCA Deadline Looms, Merchants Scramble
Strong Customer Authentication (SCA) will officially roll out in one month. The regulation is aimed at protecting consumers and merchants alike from...
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3.3KUK Watchdog Joins Chorus Of Regulators Asking For More Libra Info
The Information Commissioner’s Office (ICO) in the U.K. said it sent out a statement to Facebook and 28 other outfits asking for...
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1.5KAntitrust Concerns, Cryptos In Sharp Regulatory Focus
There has been no summer slowdown for regulatory overtures toward technology firms, spanning social media, antitrust concerns and the cryptocurrency arenas. As...
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1.5KAustralia’s Big Banks Defend Spending Millions On Outside Auditors
Australia’s four biggest banks, along with large accounting firms, have joined forces to defend the use of independent audit firms as consultants....
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2.7KUS Senators Introduce Anti-Monopoly Legislation
Two U.S. Senators, Amy Klobuchar and Richard Blumenthal, proposed legislation on Friday (Aug. 2) that would make it easier to penalize Big...
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1.9KComment Period Extended For CFBP Debt Proposal
The Consumer Financial Protection Bureau (CFPB) has extended the comment period for its Notice of Proposed Rulemaking (NPRM) before it implements the...
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3.3KUK Regulator Says Stablecoins Are EMoney
The Financial Conduct Authority (FCA) has issued updated guidance on the U.K.’s cryptocurrency market. The Block reported that the comprehensive overview is...
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2.4KAlbania Rolling Out E-Invoicing System To Ensure Tax Compliance
Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue...
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3.7KCitigroup Fined $1.25M For Background Check Infractions
The Financial Industry Regulatory Authority (FINRA) has fined Citigroup’s global markets business $1.25 million for not performing background checks on thousands of...
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3.0KEU Courts: Companies Accountable For Data From Facebook’s ‘Like’ Button
Third-party websites using Facebook’s “Like” button are responsible for processing people’s data under the European Union’s privacy rules, the EU’s top court...
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4.7KAlcohol Sales Banned On Facebook, Instagram
While alcohol and tobacco sales were already prohibited on Marketplace, Facebook is now extending the policy: Sales of those products will not...
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2.5KIRS Cracking Down On Crypto-Holding Taxpayers
The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will...
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2.2KAustralia To Create New Regulatory Branch To Monitor Facebook, Google
In a move that could establish a precedent for global lawmakers, Australia said it would create an office to police Google and...
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1.7KDOJ/State AGs Meet To Review Big Tech-Antitrust Connection
U.S. Attorney General William Barr met with a bipartisan group of state attorneys general on Thursday (July 25) to discuss competition and...
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1.5KMnuchin Says DOJ Should Look Into Amazon Antitrust Issues
The Justice Department is right to be looking into Amazon’s practices as part of its antitrust review of big technology companies, Treasury...
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1.4KFacebook Vows To Revamp Privacy Approach
For Facebook, it’s a $5 billion fine and a “fundamental shift” in how the social media giant addresses privacy practices. As reported...
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1.8KEU Unconcerned About Deficit Of Big Tech Fines
The European Commission says it isn’t concerned about the lack of major fines against tech companies during the first year of its...
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2.6KDOJ Launches Antitrust Probe Of Big Tech Firms
The Justice Department (DOJ) is going to open a new, separate investigation into the potential antitrust activities of tech companies, compounding troubles...
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1.5KFDA Warns Curaleaf About Unproven CBD Health Claims
The Food and Drug Administration (FDA) has written a letter to Curaleaf regarding its alleged illegal selling of CBD products and its...
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3.5KFacebook FTC Settlement To Include Board Oversight
The Federal Trade Commission will soon announce the details of a settlement with Facebook over privacy violations, according to a report by...
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2.9KLibra’s Long Week In Washington
While we cannot accurately say that the two days Facebook’s David Marcus were the worst two days a Facebook executive has ever...
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2.5KDeep Dive: Retailers Prepare To Face SCA’s Downsides
Stronger authentication is an obvious, albeit costly, defense against the growing number of online banking fraud attempts. European merchants will be forced...
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3.7KG7 Agrees To Tax Big Tech And Cut Libra No Slack
Group of Seven finance ministers and central bankers said digital currencies need to be closely regulated so that they don’t disrupt the...
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2.7KWhy ING Is Taking A Platform Approach To PSD2 And Open Banking
As the second Payment Services Directive (PSD2) brings more third parties into the European financial world, banks are seeing a shift in...
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1.3KG7 Finance Leaders: Libra Must Resolve Regulatory Issues
Group of Seven (G7) finance leaders said on Wednesday (July 17) that there were numerous issues that needed to be worked out,...
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1.7KHouse Questions Big Tech Over Antitrust Concerns
The size and scope of “big tech” – and whether big really is too big – was in focus on Tuesday (July...
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1.4KSupposed Swiss Libra Regulator Says Facebook Hasn’t Reached Out
The Swiss regulator that Facebook claimed will oversee its cryptocurrency hasn’t heard from the social media giant, according to a report by...
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2.2KFrance To Allow And Regulate Crypto-Related Companies
France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include...
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1.5KEU Antitrust Chief Set To Investigate Amazon’s Practices
Amazon will face a major investigation by EU Competition Commissioner Margrethe Vestager in the next few days, according to reports. The fact...
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1.6KNew US Legislation Aims To Compete With China For 5G Tech
A Republican lawmaker has introduced legislation that would boost the “representation and leadership” of U.S. firms when it comes to 5G technology....
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5.7KHow PSD2 Is Changing ING Bank’s API Strategy
Banks and merchants are racing to meet the Strong Customer Authentication (SCA) deadline as September 2019 approaches. Banks are innovating their application...
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3.2KLawmakers Propose Bill To ‘Keep Big Tech Out Of Finance’
Just days before the Facebook Libra hearings, a draft bill to limit “Big Tech’s” entry into finance and crypto has surfaced online....
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2.3KUK Regulator Readies $123M Fine For Marriott Over GDPR Violations
The U.K. data protection authority will hit Marriott with a £99 million ($123 million) fine for a breach that exposed the data...
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2.2KRegulators Eye ‘Excess Capacity’ In European Banking System
In Europe, and specifically in banking, mergers – not for scale, but for efficiency? To that end, Andrea Enria, the European Central...
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3.6KAfterpay Boosts Governance Amid Regulatory Scrutiny
As the quickly growing lender bolsters its governance and faces scrutiny from a financial watchdog, Australia’s Afterpay Touch Group Ltd is said...
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2.2KTech Firms Push Back Against Proposed UK Content Regulations
Global tech companies like Google and Facebook have started lobbying against the U.K.’s proposed “duty of care” rules meant to prevent online...
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1.5KBig Tech Cryptos Set For Antitrust Scrutiny
Facebook’s announcement of Libra late last month has spurred greater regulatory oversight of cryptocurrencies, with a particular eye on who may be...
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4.2KTrump Pauses Addition Of New Tariffs On Chinese Products
The United States has removed certain restrictions on Huawei Technologies Co. The move comes as President Donald Trump and Chinese President Xi...
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1.8KRemoval Of Biz Regulations Could Increase US Incomes, Says White House
The Trump administration claims that its plan to roll back some federal rules will lead to an increase in Americans’ household incomes....
