Nvidia’s $40 billion deal with Arm may soon fall apart as the parties prepare to quietly abandon the transaction due to increasing antitrust concerns in the U.K., U.S. and China. The Federal Trade Commission (FTC) on Tuesday (Jan. 25) sued to block Lockheed Martin Corporation’s...
In a blog post on Jan. 19, the Consumer Financial Protection Bureau (CFPB) announced that given the significance credit cards and credit card debt represents for many households, it will turn its attention to ensuring what it calls a more fair, transparent and competitive credit...
Lockheed Martin Corp.’s $4.4 billion deal to purchase the last independent U.S. supplier of missile propulsion is in jeopardy. 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...
The Department of Justice’s (DOJ) Jonathan Kanter warned that the department will seek to block deals that are “likely to lessen competition” rather than pursuing complex settlements. The warning came in one of his first speeches as head of the DOJ antitrust division at the...
U.S. Rep. Patrick McHenry (R-NC), the ranking Republican member of the House Financial Services Committee and cryptocurrency advocate, is urging Democratic Chairwoman Maxine Waters to work with others on digital currencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The new antitrust head for the U.S. Department of Justice (DOJ) is aiming to stop mergers that thwart competition and is planning to enforce remedies rather settlements, Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Plaid, a company working to connect consumer bank accounts to services like Venmo, Robinhood, Coinbase and more, owes lots of people money as part of a multimillion-dollar lawsuit, Engadget reported Monday (Jan. 24). Get the Full Story Complete the form to unlock this article and...
In 2020, the unprecedented growth of third-party delivery companies exposed cracks in the model for restaurants, consumers and drivers alike. Throughout 2021 and now into 2022, New York City has been passing laws to create a standard for regulating this still relatively new industry, while...
Fidelity Investments has launched a business called Saifr, a regulatory technology (RegTech) service that helps financial institutions create, review and approve public communications to mitigate brand, reputational and regulatory risk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
