France’s gambling regulator has called on internet service providers to block Polymarket. The order from the Autorité Nationale des Jeux (ANJ), issued last week and flagged in a report Saturday (July 18) by CoinDesk, argues that the prediction market and others like it are illegal...
New federal transparency requirements for pharmacy benefit managers (PBMs) are poised to fundamentally change how the industry demonstrates compliance. Rather than simply reporting pricing and rebate data, the new rules require pharmacy benefit operations to prove, at the claim level, how financial outcomes were generated....
The House of Representatives passed bills Tuesday (July 14) that formally end production of the penny, reform the bank acquisition process and prohibit merchant category codes that specifically identify firearms retailers. The three bills came from the House Financial Services Committee, the committee said in...
Three banking and lending groups have asked a federal court to stop Oregon from enforcing a new law. The National Association of Industrial Bankers, the Online Lenders Alliance and the American Financial Services Association filed the request on July 9, according to an analysis by...
Three former senior enforcement leaders from the Consumer Financial Protection Bureau (CFPB) have launched a public interest law firm that will focus on consumer rights, tenant rights, workers’ rights and civil rights. Eric Halperin, Cara Petersen and Tara Mikkilineni led a CFPB team that secured orders for $9.5 billion in penalties and payments to...
Not all states are at odds with the federal government over regulating prediction markets. Last week, North Carolina became the first state to formally recognize the authority of the Commodity Futures Trading Commission to oversee event market platforms like Kalshi and Polymarket. While some other...
The United Kingdom’s largest banks are no longer the only companies facing direct scrutiny over the resilience of the nation’s financial system. The cloud providers running much of their technology are now inside the regulatory perimeter, too. Starting Monday (July 13), the Bank of England,...
European regulators are reportedly granting themselves more authority to police Big Tech’s consumer protection failures. As the Financial Times (FT) reported Sunday (July 12), this comes as part of a larger push by the European Commission (EC) to increase social media protections. According to the...
Apple has sued OpenAI and two of its employees, alleging that they stole trade secrets from Apple to support OpenAI’s development of devices. The OpenAI employees named in the lawsuit, Chief Hardware Officer Tang Tan and technical staff member Chang Liu, are former Apple employees, the Wall Street Journal reported Friday (July...