Legal & Regulation

Legal & Regulation
Metaverse to Face Strict Online Rules in UK
February 07, 2022

If Meta, Facebook’s parent, thinks it can avoid stringent new rules in the United Kingdom (U.K.), the social media giant should think again. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

ANTITRUST
PriceRunner Hauls Google to Swedish Court Seeking $2.4B in Damages
February 07, 2022

Nordic price comparison firm PriceRunner is hauling Google to Sweden’s patent and market court seeking $2.4 billion in damages for violating antitrust laws by manipulating search. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
U.S. Congressman: The America COMPETES Act Will Help Businesses, Workers
February 04, 2022

In November, President Joe Biden signed the $1 trillion bipartisan infrastructure bill into law, unlocking money for transportation, broadband and clean water.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Legal & Regulation
OECD’s Principles Can Guide Governments to Design AI Regulatory Frameworks 
February 04, 2022

Artificial intelligence (AI) is a driving force of innovation due to its rapidly evolving technology, strong cross-domain connectivity, and the growing number of industry applications, Luis Aranda, AI policy analyst at the Organization for Economic Cooperation and Development (OECD), told PYMNTS in an interview. Get the Full...

Legal & Regulation
CMA Fines Meta $2M for Violating Initial Enforcement Order
February 04, 2022

The Competition and Markets Authority on Friday (Feb. 4) announced it has fined Meta 1.5 million pounds (more than $2 million) for failing to tell the U.K. regulator about key staff leaving the social media company, a condition of its initial enforcement order. Get the...

Legal & Regulation
Google May Be Luckier on Media Competition Bill Than on App Store Bill 
February 04, 2022

Google just completed a week with more news headlines than it probably wanted. Some of them were very positive, like earnings in the last quarter going up 32% year-over-year. Some of them were less positive, like the approval by the Senate Panel of the Open...

Legal & Regulation
Europe Continues Regulatory Spree With European Chips Act 
February 04, 2022

European Commission President Ursula von der Leyen announced on Thursday (Feb. 3) that the commission will propose new legislation to deal with microchip shortages in Europe, the European Chips Act, as early as next week.  Get the Full Story Complete the form to unlock this...

Legal & Regulation
Senate Judiciary Panel Approves App Store Payments Bill
February 03, 2022

The Senate Judiciary Committee has passed a tech competition bill that targets the Google and Apple app stores and the restrictions they place on developers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Legal & Regulation
Fed Nominee Raskin Faces Grilling From GOP Lawmakers
February 03, 2022

It was a tough day for Sarah Bloom Raskin, who has been president’s pick to hold a key post at the Federal Reserve Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...