The British finance ministry is moving forward with its plans to require regulators to consider the financial sector’s global competitiveness when writing rules, even after some in the country believe they make regulators look like “cheerleaders” for finance, according to a Reuters report Tuesday (Feb....
Emmanuel Macron, the president of France, also holds the presidency of the Council of the European Union for the next six months — and it is likely that in that time he will push for the ratification of the Digital Markets Act (DMA) and the...
A dozen consumer protection groups like the National Community Reinvestment Coalition are calling on the Federal Deposit Insurance Corporation (FDIC) to stop a practice known as “rent-a-bank loans,” used by some online lenders to circumvent state interest rate caps on personal loans and set interest...
Nvidia Corp. and Arm Limited announced on Feb. 7 that they will not continue with the transaction due to “significant regulatory challenges.” This statement ends an attempted merger that started in September 2020 when the U.S. graphic chip giant agreed to buy Arm from SoftBank...
The nation’s Big Tech firms have a powerful ally to protect their dominance in Europe: the Biden Administration. 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...
The Biden administration will be looking at more regulations, stirring action from business lobbyists in financial services, agribusiness, medical-device makers and others, The Wall Street Journal (WSJ) reported Monday (Feb. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Tesla has received a subpoena from the Securities and Exchange Commission over a settlement that required CEO Elon Musk’s tweets to be vetted if they contained material information, Reuters reported Monday (Feb. 7). Get the Full Story Complete the form to unlock this article and...
Amid the ongoing scrutiny from various regulatory bodies and lawmakers around the globe, Big Tech has some leverage. 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...
There’s more bad news for the Biden administration. 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 completing this form, you...
