President Joe Biden is weighing whether to nominate attorney and former Consumer Financial Protection Bureau Richard Cordray as the Federal Reserve’s top banking regulator, people familiar with the discussions told The Wall Street Journal Tuesday (Nov. 30). Get the Full Story Complete the form to...
A parliamentary panel in India says social media platforms like Facebook and Twitter should be considered publishers and get their own regulatory body. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The United Kingdom is seeking to crack down on connected device cybercrime with the introduction of a new law urging manufacturers, importers and wholesalers to make changes to how these devices are made, sold and periodically updated, or face stiff new penalties. Get the Full...
The European Union’s Digital Markets Act is coming, and Big Tech will never be the same. In theory. 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...
Legislation regulating Big Tech should be approved ASAP by the European Parliament and European Council because “it is best to get 80 percent now than 100 percent never” the European Union (EU) competition and digital policy head Margrethe Vestager said ahead of the FT-ETNO Tech...
The European Parliament Committee on Internal Market and Consumer Protection (IMCO) has approved the Digital Markets Act (DMA) to put more stringent rules about big social media platforms in place. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
On the surface, it sounds good. Acting Comptroller of the Currency Michael Hsu confirmed that banks can hold cryptocurrencies for customers, can hold dollar reserves for stablecoin issuers and can use stablecoins to make payments. Get the Full Story Complete the form to unlock this...
Apple has filed a lawsuit against the NSO Group, an Israeli company that sells software to government and law enforcement agencies to let them hack iPhones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
A lawsuit over an alleged crypto Ponzi scheme dating back to 2014 may have thrown a big wrench into the U.S. Securities and Exchange Commission’s argument that nearly all cryptocurrencies are securities over which it has authority. Get the Full Story Complete the form to...
