Legal & Regulation

CFPB
CFPB Closes ‘Junk Fee’ Consultation With Credit Card Late Fees in Sight
April 11, 2022

The Consumer Financial Protection Bureau (CFPB) is closing today, Monday 11, its deadline to submit comments on its public consultation on “junk fees” after receiving more than 25,000 comments in three months.  Get the Full Story Complete the form to unlock this article and enjoy...

ANTITRUST
Judge in Google Antitrust Case Says It’s Not Clear He Can Sanction Company for Abusing...
April 10, 2022

Judge Amit Mehta, the U.S. federal judge hearing the government’s antitrust case against Alphabet’s Google, said he isn’t convinced he can sanction the company for overzealous attorney-client privilege use, Reuters reported Friday (April 8). Get the Full Story Complete the form to unlock this article...

Legal & Regulation
FinCEN Praised Automated AML Systems, Digital Identity Solutions
April 08, 2022

The Financial Crimes Enforcement Network (FinCEN) has intensified its fight against money laundering for the last few years. But in this endeavor, the regulator relies on companies to establish solid anti-money laundering (AML) programs to detect illicit conducts and if they don’t have one, they...

Legal & Regulation
TechREG Weekly: Countries Are Luring Crypto Firms With Friendly Regulation
April 08, 2022

Regulators are luring crypto firms with crypto-friendly regulations, or at least, they are trying to do so. The U.K. government announced new plans to bring stablecoins withing a regulatory framework, paving their way for use in the U.K. as a recognized form of payment. In...

Legal & Regulation
Dun & Bradstreet Must Make ‘Substantial Changes’ After Deceit, Erroneous Credit Reports
April 07, 2022

The Federal Trade Commission on Thursday (April 7) ordered Dun & Bradstreet to make “substantial changes” to its processes to help small- to medium-sized businesses (SMBs) and offer refunds to businesses harmed by its deceptive practices in selling its CreditBuilder products. Get the Full Story...

Legal & Regulation
US Senate, House Strip Russia of ‘Most-Favored-Nation’ Trade Status, Ban Russian Oil Imports
April 07, 2022

The U.S. House and Senate on Thursday (April 7) each passed bills that would remove Russia’s most-favored-nation trade status and ban Russian oil imports as additional sanctions for the country’s ongoing attacks on Ukraine that date back to late February, The Wall Street Journal reported...

Legal & Regulation
Canada Next to Force Google, Facebook to Pay for News
April 07, 2022

Canada on Tuesday (April 5) announced its proposed legislation that would compel platforms like Facebook and Google to negotiate with news publishers and pay them for using their content. By enacting this new legislation, Canada is joining other countries, including Australia, France and Spain, that...

Legal & Regulation
UK Financial Regulator’s Strategy Plan Includes Crypto, AML, Big Tech 
April 07, 2022

The U.K. Financial Conduct Authority (FCA) revealed on Thursday a three-year strategy plan that will enable the regulator to stop firms that don’t meet their standards from entering in the U.K. markets and “improve outcomes for consumers.”  Get the Full Story Complete the form to...

Legal & Regulation
EU Governance Data Act to Boost AI, Data-Sharing
April 07, 2022

The European Parliament (EP) approved the European Governance Data Act (DGA) on Wednesday with 501 votes to 12. This act aims to increase data sharing among public institutions and companies, create new rules on the neutrality of data marketplaces and facilitate the reuse of certain...