Legal & Regulation

Legal & Regulation
French Court Fines Google $2M for ‘Abusive’ Developer Practices
March 29, 2022

A French court has fined Google $2.2 million (€2 million) for what the country’s government has described as “abusive” dealings with developers on its app store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

CFPB
CFPB: Credit Card Companies Charged $12B in Late Fees in 2020
March 29, 2022

Credit card companies charged $12 billion in late fees in 2020, with poorer Americans paying far more than wealthier people. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Legal & Regulation
FTC Accuses TurboTax Owner of False Advertising
March 29, 2022

The Federal Trade Commission has asked a court to stop Intuit — maker of TurboTax tax prep software — from what it says is falsely advertising free tax services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

ANTITRUST
DOJ Endorses Antitrust Law Targeting Big Tech
March 29, 2022

Proposed legislation that would reel in the power of big technology companies like Amazon, Apple, and Google got official support from the Department of Justice (DOJ), the Wall Street Journal reported on Tuesday (March 29), citing a letter to the bipartisan leaders of the Senate...

Legal & Regulation
Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success
March 29, 2022

The U.K. is widely considered a leader in the implementation of open banking, the regulation mandated by the European Union’s Revised Payment Services Directive (PSD2) that compels retail banks in the region to make customer account information available to non-bank third parties through the use...

ANTITRUST
US Chamber Urges Judge to Toss Antitrust Appeal of Facebook Case
March 28, 2022

The U.S. Chamber of Commerce has filed a brief urging an appeals court to reject an appeal by several states to revive their antitrust lawsuit against Facebook, Reuters reported Monday (March 28). Get the Full Story Complete the form to unlock this article and enjoy...

ANTITRUST
EU Competition Commissioner Vestager Sees No Antitrust Concerns Yet on Cloud Computing
March 28, 2022

Amazon and Microsoft can breathe a sigh of relief — for now. 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, PYMNTS Today. By...

Legal & Regulation
CFPB Extends ‘Junk Fees’ Deadline After Receiving 25,000 Comments
March 28, 2022

The Consumer Financial Protection Bureau (CFPB) is extending its deadline to submit comments on its public consultation on “junk fees” until April 11. The CFPB received more than 25,000 comments in less than three months and given the ongoing interest from the public, the agency...

Legal & Regulation
Bipartisan Bill to Give CFTC More Power Over Crypto at SEC’s Expense
March 27, 2022

The fight between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) over who will regulate cryptocurrencies just took a turn that is likely to please the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited...