California’s fast food restaurants are pushing back against a bill that passed in the state Senate Monday (Aug. 29), mandating new standards for fast food workers’ wages, schedules and working conditions. The bill, AB 257, or the Fast Food Accountability and Standards (FAST) Recovery Act,...
Companies have begun to lobby against India’s new digital lending rules after the regulations interrupted card services and put Amazon loan offerings in peril. Earlier this month, the Reserve Bank of India (RBI) issued a rule that said borrowers must deal directly with banks, bad...
The head of the Federal Communications Commission has called for an investigation into whether U.S. mobile carriers are complying with FCC geolocation data regulations. According to a Thursday (Aug. 25) news release from the FCC, Chairwoman Jessica Rosenworcel is asking the commission’s enforcement bureau to...
Around the world, data protection legislation sets the rules for how companies collect and process personal information. The EU’s General Data Protection Regulation (GDPR) is often cited as a benchmark and model framework for data protection laws. In Africa, very few countries have an advanced...
Securities and Exchange Commission (SEC) Chairman Gary Gensler is changing directions in the argument over whether or not cryptocurrencies are securities, signalling a change in tactics. In an Aug. 19 op-ed in The Wall Street Journal, Gensler took a much broader, for-the-layman approach to the...
The buy now, pay later (BNPL) industry has once again drawn the ire of U.K. regulators. In a press release dated Aug. 19, the U.K.’s Financial Conduct Authority (FCA) issued a warning to BNPL firms, cautioning them against misleading advertisements and the lack of compliance...
In a policy letter that read like part announcement and part warning, the Consumer Financial Protection Bureau (CFPB) put FinTechs on notice in April, with CFPB Director Rohit Chopra saying a little-used provision of the Dodd-Frank Act is now being employed to scrutinize nonbanks more...
German regulators are reportedly considering whether Microsoft should fall within the scope of new competition rules, as they have determined several other big tech companies do. The country’s competition regulator may launch proceedings under Section 19a of the German Competition Act, POLITICO reported Thursday (Aug....
In what is its first investigation into cryptocurrency markets, the Federal Trade Commission (FTC) is looking into the Bitmark currency exchange over the December 2021 hack that cost consumers $200 million. According to an FTC order filed Wednesday (Aug. 11), the agency denied a request...
