Apple has sued OpenAI and two of its employees, alleging that they stole trade secrets from Apple to support OpenAI’s development of devices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The Federal Reserve has announced the leaders of five task forces that will examine the Fed’s methods, analytical tools and policy approaches and provide “candid feedback” for the Federal Open Market Committee. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Newspapers suing OpenAI for copyright infractions are reportedly now seeking sanctions against the AI startup. 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,...
The Consumer Financial Protection Bureau (CFPB) has submitted a request for information regarding credit card late fees and late payments, according to a Pending EO 12866 Regulatory Review posted by the Office of Information and Regulatory Affairs (OIRA). Get the Full Story Complete the form...
Block will pay $45 million to settle allegations from 46 states that the company misled consumers about the safety of its peer-to-peer payments app, Cash App, and failed to provide the fraud protection and resolution required by law. Get the Full Story Complete the form to unlock this article...
A division of the Securities and Exchange Commission told UBS Group Wednesday (July 8) that it will not recommend that the regulator undertake enforcement action against an exchange of securities ordered by the Swiss Financial Market Supervisory Authority (FINMA). Get the Full Story Complete the...
A federal judge on Tuesday (July 7) denied Kalshi’s request for a preliminary injunction to block New York from enforcing its gambling laws against the company’s prediction markets platform, Reuters reported Wednesday (July 8). Get the Full Story Complete the form to unlock this article...
A reported new investigation by the Commodity Futures Trading Commission (CFTC) into prediction market platform Polymarket is shifting regulatory attention beyond the legal status of event contracts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Federal Reserve Board plans to amend its requirements for banks to maintain anti-money laundering (AML) programs to, among other things, require them to focus their AML resources based on risk. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
