Sections
Regulation
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2.5KEU Antitrust Chief Vestager Reappointed
The new European Commission (EC) has reappointed Margrethe Vestager as antitrust chief in what some are calling a surprise move, according to...
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3.4KNo Precedent For Facebook Antitrust Investigation, Says FL AG
The Florida Attorney General Ashley Moody said the antitrust probes into Facebook don’t have any common case studies to draw from in...
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4.7KCalifornia Senate Could Rule On Gig Economy Law This Week
As early as this week, California’s state Senate will take up a measure that could forever change the future of the gig...
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3.4KState AGs Unveil Antitrust Probe Against Google
It was a rough day for Google, and by extension, Big Tech, amid the waves of stormy legal seas. An antitrust investigation...
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4.8KUS Congress Discovers Alleged Flaws In Deutsche Bank Controls
U.S. congressional investigators have found possible failures in Deutsche Bank AG’s money laundering controls. Sources familiar with the matter told Reuters that...
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2.4KState AGs To Release Details Of Google, Facebook Probe
State attorneys general led by Texas and New York are separately launching official antitrust investigations into Facebook and Google, The Wall Street Journal...
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2.3KFacebook Seeks Clear Guidelines For Data Sharing
Facebook is asking global regulators to write new data sharing guidelines after the company was compelled to revamp its own approach to...
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2.2KSenate Antitrust Panel Turns Attention To Big Tech Acquisitions, Competition
The Senate Judiciary Committee antitrust panel is going to meet this month to look into issues surrounding Big Tech companies like Facebook...
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2.4KJapan Eyes Guidelines For Regulation Of Tech Firms
In Japan, the Fair Trade Commission said last week that it has draft guidelines in place that would promote tighter regulation of...
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5.2KRegulators Taking Close Look At Payroll-Advance Apps
Regulators are taking a closer look at financial apps that allow workers to access their pay early. The apps claim they are...
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3.8KCar Companies Call For Softer Self-Driving Regulations
As federal regulators are rewriting rules for autonomous cars, and around 90 organizations have offered up public comments about proposed regulation, according...
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4.0KNew Taxes Loom For Big Tech
Will Big Tech face bigger tax bills on an international stage? Beyond the debates on data privacy and compliance, marquee names in...
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3.4KUS Lawmakers Seek Tighter Regulation Of Financial Cloud Services
Democratic House Representatives Katie Porter and Nydia Velázquez have asked the Financial Stability Oversight Council (FSOC) to look into tighter oversight of...
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3.2KExecutive Order Looms For Social Media Firms On Content?
A draft executive order from the White House might lay out how Big Tech firms curate and present their data. As noted...
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3.2KUK 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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5.2KFinCEN 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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3.1KFTC 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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5.7KFCA 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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2.4KUber 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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2.7KEU 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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3.0KHow 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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4.0KWhite 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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2.6KEuroCommerce 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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4.0KReady 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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3.0KFBI 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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6.4KAs 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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5.6KUK 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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2.5KAntitrust 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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3.0KAustralia’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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4.4KUS 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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3.6KComment 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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7.6KUK 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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4.7KAlbania 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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5.8KCitigroup 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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4.4KEU 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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8.6KAlcohol 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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4.0KIRS 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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2.9KAustralia 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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2.4KDOJ/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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2.1KMnuchin 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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2.6KFacebook 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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2.6KEU 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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4.2KDOJ 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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3.1KFDA 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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4.4KFacebook 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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4.1KLibra’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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4.5KDeep 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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9.3KG7 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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6.7KWhy 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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2.2KG7 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,...
