Google on Monday (Sept. 27) launched its appeal to rescind the $5 billion antitrust fine levied by the European Union, according to a Wall Street Journal report. Google argues that its Android operating system for mobile devices has bolstered competition instead of diminishing it, according...
The House has introduced a bill to decriminalize marijuana, per the official text of the bill. 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...
The new direction for the Federal Trade Commission (FTC) was outlined with five principles in a recent staff memo from Chair Lina Khan that emphasized the oversight of Big Tech mergers and their “structural dominance.” Get the Full Story Complete the form to unlock this article and...
The central bank of China is planning to “deepen” its mobile payments-focused antitrust probes, even though it has seen “interim progress” in the last year, its deputy governor said on Friday (Sept. 24), according to a South China Morning Post report. Get the Full Story...
Lower-income, mostly Black and Hispanic, communities were more likely to submit complaints to the Consumer Financial Protection Bureau (CFPB) about credit reporting, identity theft and delinquent servicing, a report from the agency shows, per a Thursday (Sept. 23) press release. Get the Full Story Complete...
President Joe Biden is pushing to nominate Cornell University Law School professor Saule Omarova to lead the Office of the Comptroller of the Currency (OCC), a move that could happen as soon as this week, Bloomberg reported on Thursday (Sept. 23), citing three unnamed sources....
The U.S. House of Representatives passed an amendment to the National Defense Authorization Act (NDAA) that would protect banks that do business with cannabis companies in legal states from the penalties of federal regulators. Get the Full Story Complete the form to unlock this article...
Rohit Chopra, President Biden’s nominee to lead the Consumer Finance Protection Bureau (CFPB), looks to be close to approval by the Senate, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The increasing links between financial institutions and Big Tech, particularly in cloud computing, is alarming — and regulators need to sit up, the European Banking Authority (EBA) warned on Tuesday (Sept. 21). Get the Full Story Complete the form to unlock this article and enjoy...
